ISLAMABAD: The federal government is likely to take a decision on the sale price of natural gas in a meeting of the Economic Coordination Committee (ECC), which is scheduled to meet (today) Wednesday. While talking to Business Recorder, Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar said the ECC would examine the recommendations of the Oil and…
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n the aftermath of New York Climate Week and the many new commitments announced to address both climate mitigation and adaptation, it is important to focus on the challenge of accelerating the clean energy transition in the Asia-Pacific region. Although global energy-related emissions flattened in 2019 to an estimated 34.2 gigatons (GT), and the COVID-19 pandemic has led to an…
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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 29th Sep, 2020 ) :The Oil and Gas Development Company Limited (OGDCL) has injected 14 new wells, producing 251,642 Barrels crude oil and 6,709 Million Cubic Feet (MMCF) gas, in its production gathering system during the last fiscal year, ending on June 30, 2020. “The coronavirus pandemic and natural decline in…
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ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar on Tuesday said the petroleum sector had the potential to increase the country’s gross domestic product (GDP) growth rate by 2-3 per cent. During the last year, the country’s total tax collection stood at around Rs4,000 billion, out of which Rs1,000bn was contributed by the petroleum sector in…
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Karachi, September 17, 2020: Pakistan Petroleum Limited (PPL), a frontline Exploration and Production (E&P) company for seven decades, has played a key role in providing energy for the country with a current contribution of more than 20 percent to national gas supplies. “The company’s over a 100-year rich history is linked with its predecessor and major stakeholder, Burmah Oil Company,…
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Karachi, September 30, 2020: Karachi: First Women Bank Limited (FWBL) signed an MOU with Sehat Kahani-one of the fastest growing health tech companies in Pakistan, to Launch an E- Health Financing Loan to female health workers to allow them to set up their clinics, where patients can get connected to a doctor through the Sehat Kahani application. The MoU was…
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Karachi, October 1, 2020: The Government of Pakistan has notified the achievement of Financial Closing by ThalNova Power Thar Private Limited (TNPTL), an associated company of Pakistan’s largest Independent Power Producer, The Hub Power Company Limited (Hubco) at a ceremony chaired by Mr. Shah Jahan Mirza, Managing Director Private Power & Infrastructure Board (PPIB) in Islamabad. TNPTL has been incorporated to set up…
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ISLAMABAD: The government’s deals with 47 Independent Power Producers (IPPs), which are yet to be translated into binding agreements, will have a financial impact of Rs 836 billion based on 5 per cent rupee depreciation per annum in 28 years, well-informed sources in Power Division told Business Recorder. In return the government has to clear overdue receivables of IPPs of…
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The Belt and Road Initiative (BRI) has been a focal issue for understanding the foreign policy of the People’s Republic of China (PRC). Some observers view the BRI as representing a new phase of economic globalization and regional economic integration. Others argue that the BRI’s primary motivating factors are domestic and that the massive program is chiefly aimed at creating…
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Challenger energy brand Octopus has today continued its international expansion with its first foray into the massive US market. The firm, which has grown rapidly since launching four years ago and now boasts 1.7m accounts in the UK, has bought American supplier Evolve Energy in a $5m (£3.9m) deal. The acquisition is the first step in a program that will…
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