A twin energy crisis is going to peak in next few days with initiation of LNG terminal’s dry docking, annual closure of a key gas-well and man-made bottlenecks in supplies. The most efficiently-run LNG import terminal will be shut down temporarily today (Monday), as Floating Storage and Regasification Unit (FSRU) is going to leave for mandatory dry docking, disrupting gas…
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For any developing economy tax collection represents the most critical component for growth and development. On an average, developing economies collect less than 15 percent of GDP in taxes, compared with the 40 percent collected by advanced countries. The ability to collect taxes is central to a country’s capacity to finance social services such as health and education, critical infrastructure…
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Like Houston, we will have a problem. Results of a case when utilities are not encouraged to invest. Earlier this year, millions of homes in Texas were without power for days in what is dubbed as one of the worst power crises in world history. Houston is really a case in point. The electric grid in Texas was built for…
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Sui gas companies have conveyed availability of LNG pipeline capacity to be allocated for transmission and distribution to M/s Energas and M/s Tabeer Energy, sources close to Secretary Petroleum told Business Recorder. On June 7, 2021 OGRA was apprised of pipeline capacity availability for 44 MMCFD in SSGC’s transmission and distribution network available for allocation to Energas while on June…
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Prime Minister Imran Khan is due in Kaghan valley here today (Monday) to visit the 880MW Suki Kinari hydropower project and address a gathering of notables. Preparations for the visit have already been completed. The prime minister would be accompanied by Chief Minister Mahmood Khan and members of his cabinet from Mansehra during the visit. Official sources told this correspondent…
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Net inflows of foreign direct investment (FDI) into Pakistan averaged about $2.3 billion in the last four years and in the eleven months of the outgoing 2020-21, it slipped below $1.8bn. Even at the $2.3bn level, our yearly FDI inflow is less than half of our monthly merchandise import bill. Clearly, much thicker inflows of FDI are required to help…
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Karachi 28, June 2021: With the monsoon season drawing closer, K-Electric (KE) and the Defence Housing Authority (DHA) jointly inaugurated two newly elevated sub-stations located within DHA’s Phase 4 & 8 locales. The inauguration ceremony for two of the substations was chaired by the DHA Administrator – Brigadier Rai Asim Mustafa. Others in attendance were DHA’s Chief Engineer – Col.…
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Opposing the Sui Southern Gas Company demand for an increase of Rs 153.16 per MMBTU in gas prescribed tariff, All Pakistan Textile Mills Association (APTMA) has requested Ogra to decrease it and fix it at Rs 450/MMBTU for export oriented zero rated industries. Oil and Gas Regulatory Authority will hold public hearing today (Monday) on the SSGC petition for the…
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Perturbed from gas load-shedding, textile exporters have threatened to move their industries to other countries. In a statement issued on Saturday, Pakistan Apparel Forum (PAF) Chairman Jawed Bilwani said that textile exporters have formed a committee for due diligence to shift industries in the wake of gas crises and unviable business environment. During a meeting of prominent textile exporters of…
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U.S.-based wafer manufacturer 1366 Technologies has confirmed plans for a 2 GW wafer and cell production facility in India. The unit is being planned under the Indian government’s production-linked incentive (PLI) scheme, which aims to drive deployment of every stage of the solar supply chain, from polysilicon to module manufacturing. A spokesperson for the company told pv magazine it is…
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