Category: Shortcode

The government is said to be mulling changing the pricing mechanism for petroleum products. The immediate concern is how to handle the PKR volatility while pricing motor gasoline (MOGAS) and high speed diesel (HSD). In the latest fortnightly price revision, the government changed the formula of using last day of exchange rate to the average during the period. Now the thinking is to use the exact rate of Letter of Credit retirement by Pakistan State Oil (PSO) for fixing pricing. That is even better. The government should move towards complete…

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National Forum for Environment and Health (NFEH) with association of Sindh Government is holding National Conference on “Waste Management Challenges and Opportunities” on August 16 at local hotel Karachi. This was announced by President Naeem Qureshi in the meeting of NFEH Advisory Committee held at NFEH Office. Naeem Qureshi said conference and colorful award ceremony will be held on August 16, 2022. Conference will be highlighting waste management issues in Karachi, Industries & hospital waste and disposal and other challenges. Managing Director Sindh Solid Waste Management Board Zubair Ahmed Channa,…

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This article is the fifth in a series on the BP Statistical Review of World Energy 2022. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Previous articles covered overall energy consumption, carbon dioxide emissions, petroleum supply and demand, and global natural gas trends Fossil fuels are primarily composed of carbon and hydrogen. They are hydrocarbons. When hydrocarbons are combusted, the carbon forms carbon dioxide and the hydrogen forms water vapor. Coal contains a higher percentage of carbon than does oil…

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Investors are wary of Pakistan’s default on Sri Lanka as the South Asian country grapples with rising commodity prices and tighter credit conditions. Pakistan’s foreign bonds maturing in 2024, 2025 and 2026 are trading briskly in distressed territory, according to Bloomberg data, at about 71, 65 and 63 cents per dollar, respectively. The country’s debt was one of the worst-performing of all emerging markets issued this year, pointing to investor concerns about pressures on the developing economy. The surge in global energy and food prices since Russia’s invasion of Ukraine…

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Pakistan’s finance minister said the government has taken steps that will put the country on the right track and help the South Asian nation avoid an economic collapse. But that will cause pain for its people, he added. The country is desperately fighting for its survival as the recent rise in commodity and energy prices have exacerbated its debt problems. It has been struggling to pay for its imports as its official liquid foreign exchange reserves shrank by $754 million to $8.57 billion in the week ended July 22, according…

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