Category: Shortcode

Chinese company Yutong Bus accepted the offer to set up a public transport plant in Sindh following a meeting between provincial minister for transport Sharjeel Inam Memon and Yutong Bus Country Manager Paul Zhang, on Thursday. The plant would either be set up in Karachi or Hyderabad. The parties agreed to create a ‘concrete’ proposal regarding the matter by next week. The plant is to apparently be constructed on 15 to 18 acres of land. “The Department of Transport is making every effort to set up a public transport plant…

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With the government set to burden consumers with Rs893 billion electricity tariff rebasing during the current fiscal year, on top of fuel adjustments in tens of billions of rupees per month, one of the most crucial elements untouched by policymakers remains the high system losses and low recoveries. Both elements put together entail a revenue shortfall of about Rs750bn. This stems from roughly 17 per cent technical losses and about 10pc short recoveries against billing, where a 1pc loss translates into Rs28bn. Unless this elephant in the room is tamed,…

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Prime Minister Shehbaz Sharif, in his address to the nation on Thursday, announced that the price of petrol was being cut by Rs18.50 and diesel by Rs40.54. The price cut, which takes place after four rounds of massive hikes under the current government, will go into effect at midnight tonight. The prime minister began his speech by explaining that he had inherited a “troubled economy” from the previous government. “The previous government trampled on the agreement it had with the IMF and laid landmines for us,” he said. PM Shehbaz…

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Green ammonia is a little-known contender to become a major renewable fuel over the coming decades. It has around nine times the energy of lithium-ion batteries and its denser nature makes it easier to transport than liquid hydrogen. As oil majors race to find innovative renewable energy alternatives, green ammonia is gaining more international attention for its potential as an emissions-free fuel. Despite being little-talked-about compared to hydrogen, ammonia is catching the eyes of energy firms worldwide for its potential as a clean fuel. Ammonia is a compound of hydrogen…

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Natural gas will play an important role in Australia’s accelerated energy transition as the country looks to boost renewable energy sources and phase down coal, according to Alan Finkel, Special Adviser to the Australian government on Low Emissions Technology. Australia currently relies on a lot of conventional energy sources. Coal and natural gas account for around 79 percent of the country’s electricity generation, data from the government shows. Renewable energy from wind, solar, and hydropower provide the remaining 21 percent of Australia’s electricity supply. This includes both large generators and…

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