SINGAPORE: Pakistan LNG is seeking nine liquefied natural gas (LNG) cargoes for delivery over July to August, a tender document posted on the company website showed. The cargoes are 140,000 cubic metres each and are for delivery over July 8-9, July 12-13, July 17-18, July 28-29, Aug 2-3, Aug 7-8, Aug 12-13, Aug 17-18 and Aug 27-28. The tender closes…
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The President Hyderabad Chamber of Commerce and Industry Fahad Hussain Shaikh and members of the governing body have demanded the high ups of the Federal and provincial government to exempt power load management during business hours. In a joint statement issued here on Monday, they said that the government has been engaged in boosting up the economic development therefore it…
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Prime Minister Imran Khan while chairing the National Coordination Committee on Housing (NCCH) asked Finance Minister Shaukat Tarin to present a comprehensive plan for providing easy low cost loans to weaker segments of society, including for house building. It is coincidental that the same day the State Bank of Pakistan, the more appropriate entity to deal with commercial banks’ lending…
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Fitch Ratings – Hong Kong – 24 May 2021: Fitch Ratings has assigned Pakistan Water and Power Development Authority ‘s (WAPDA, B-/Stable) proposed US dollar senior unsecured notes a rating of ‘B-‘. The proceeds of the proposed notes will be used to finance or refinance eligible green projects. KEY RATING DRIVERSThe proposed notes will be direct, unconditional, unsubordinated and unsecured…
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Special Assistant to Prime Minister (SAPM) on Climate Change Malik Amin Aslam on Sunday said that Pakistan would become the world’s best example in green energy revolution as government was well on track to meet the renewable energy targets by 2030 and will raise it to 60% through renewable resources. Pakistan was encouraging private sector investment in renewable energy projects…
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Pakistan’s imports increased by 17.79 percent, in the US dollar term, to reach $44.749 billion during the first 10 months of the current fiscal year as compared to $37.992 billion during the corresponding period of last financial year. According to the data provided by Pakistan Bureau of Statistics (PBS), the imports in April 2021 were $5.260 billion (provisional) as compared…
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The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets. Stopping fossil fuel funding is seen as a major step the world can make to limit the rise in…
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As Tata Power “goes big on renewable energy,” the firm seems optimistic about the exponential growth of the sector in the next four to five years. “Tata Power is going very big on renewables,” Praveer Sinha, managing director (MD) and chief executive officer (CEO) of Tata Power told CNBC-TV18 on May 25. Sinha is confident of the space become the…
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The energy minister stamped the verdict the other day, what was becoming increasingly evident from the government’s tone. There will be no immediate notification of the already approved power quarterly tariff adjustments. The government has decided to wait for the existing Rs1.62 per unit adjustment to lapse with effect from October 2021, to bring in the new adjustments of Rs…
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Federal Minister for Planning and Development Asad Umar said on Tuesday that the circular debt build up for the period of July-April this fiscal year has been reduced by Rs189 billion as compared to the previous year. “Circular debt build up jul-apr this fiscal year is 260 billion vs 449 billion same period last year, a reduction of 189 billion,”…
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