Category: Shortcode

WITH global gas prices soaring to new highs in the aftermath of the ongoing military conflict between Russia and Ukraine, Pakistan’s energy chaos is going to aggravate. The government is left with no choice but to either buy expensive LNG — if and when available — in order to meet the fuel requirements of the country’s power sector and industry, or reduce spot gas imports to protect its meagre foreign exchange reserves. The sole mitigating factor is the supply of seven cargoes a month by Qatar — currently at almost…

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The Government has announced a massive reduction in the Petrol Prices in Pakistan from 1 March 2022 on the directives of Prime Minister Imran Khan to provide relief to general public amid the rising inflation rate in the country. The announcement was made by Prime Minister Imran Khan during his address to the nation on Monday. According to the announcement, Petrol Price in Pakistan has been decreased by Rs. 10.00 per litre, while the Price of High-Speed Diesel (HSD) in Pakistan has also been reduced by Rs. 10 per litre. Meanwhile, the Price of Kerosene Oil has been…

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The Lahore Electric Supply Company (Lesco) has issued notices to as many as 650 people for ‘unlawfully’ constructing houses and the buildings for various uses under the high voltage lines emanating from grid stations for power distribution to consumers. The Lesco issued notices to the people in the areas of Lahore, Kasur, Sheikhupura, Nankana and Okara keeping in view various fatal/non-fatal incidents of electrocution being reported frequently. The company may also issue similar notices to hundreds of more such people in near future, Dawn has learnt. “Unfortunately, the land grabbers…

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The Pakistan Atomic Energy Commission (PAEC) and China Zhogyuan Engineering Cooperation signed a “Framework Agreement on Deepening Nuclear Energy Cooperation”  in September 2021, but such nuclear cooperation dates back to the late 1970s.  There has been a lengthy history of nuclear cooperation between China and Pakistan. Nuclear cooperation is aimed towards country development under IAEA norms. Pakistan and China have never engaged in a nuclear arms race. Pakistan is seeking nuclear cooperation with China largely to meet its own energy needs. Nuclear cooperation between the two nations aids in the growth…

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The global wave of inflation has hit Pakistan hard. The low-income segment of the society has particularly been affected by the sharp rise in the prices of basic kitchen items. The average inflation based on the Sensitive Price Indicator (SPI) increased 18.09 per cent on a year-on-year basis by the week ended February 18, 2020, but, for the lowest income group, it turns out to be 19.40 per cent. The Pakistan Bureau of Statistics (PBS) issues SPI on a weekly basis to monitor the prices of 52 essential items with…

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