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A nuclear power unit in Pakistan using China’s Hualong One reactor started commercial operations on Monday, according to the China National Nuclear Corporation (CNNC). The K3 unit of the Karachi Nuclear Power Plant (or KANUPP) is the fourth nuclear power unit in the world to use the Hualong One reactor, China’s self-developed third-generation reactor. Similar to the K2 unit that was also constructed with assistance from CNNC, the K3 unit will produce 1,100 megawatts of clean energy. Each Hualong One nuclear generator has an installed capacity of 1.16 million kilowatts…

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The cost of generating electricity has increased by 66.2% in just one year, going up to Rs9.22 kWh in March 2022 compared to Rs5.55 kWh during the same month last year. “On YoY basis, the rise in fuel cost is witnessed mainly due to rise in coal, furnace oil, re-gasified liquefied natural gas (RLNG), nuclear and gas based cost of generation,” read a note by Arif Habib Limited (AHL) on Tuesday. Meanwhilem the cost of hydel-based power generation has decreased by 2.1% YoY. The power generation mix shows there was…

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Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said the government will have to swallow the bitter pill of increasing the price of petroleum products in the national interest. The previous government had reduced the price of oil and electricity to trap the new government which has worked, he said. Mian Zahid Hussain said that Pakistan has to import oil and gas while a large amount of electricity is generated through imported…

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In a message on Twitter, he said: “Wheat and sugar which we were used to export now we are compelled to import. There is historic decline in the value of rupee and historic decline in foreign exchange reserves. Asad Umar is saying that economy is good. There is a limit of false statements,” he added. تاریخ کا سب سے زیادہ بجٹ خسارہ اور سب سے زیادہ تجارتی خسارہ ، بلند ترین مہنگائی ، گندم اور چینی جو ہم برآمد کرتے تھے درآمد کرنے پر مجبور ، روپے کی قیمت میں…

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By the time this article is printed, most likely a new finance minister would be holding the office with probably the most difficult job in Pakistan at this point in time. The most important milestone for the new finance minister would be the budget for 2022-23. With quite sketchy economic health, rising international and public debt, souring relations with the IMF and big economies, piling debt servicing for next years, rapidly devaluing rupee and volatile international economic situation, the new finance minister may be facing a make-or-break situation for the…

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