Fuel shortages caused by inadequate supply arrangements and forced outages are leading to serious power supply constraints as consumers suffer in extreme humid conditions across the country. A senior official of the Power Division conceded that power companies had been compelled by unavoidable circumstances to apply forced power cuts ranging between 1,000MW and 2,000MW in peak hours. This does not…
Read MoreMonth: July 2021
Industry reacts to gas supply diversion to power sector
Suspension of gas supply to general industry from Saturday afternoon by Sui Northern Gas Pipelines Limited (SNGPL) to divert supply to power plants to meet the increasing demand threatens production and supply of various goods ahead of Eidul Azha, say representatives of the industry. The situation has forced the manufacturing sector to close mills by sending workers on leave, they…
Read MoreTransport sector complains about govt entities’ hurdles
The transport sector, which relies on Compressed Natural Gas (CNG), has complained to the prime minister that it is facing unfair treatment and roadblocks from various government institutions and entities in matters of pricing, supplies, imports and pipeline capacity for transportation of liquefied natural gas (LNG). In a detailed representation, the copies of which have been shared with the Ministry…
Read MoreDescon leads manpower export from Pakistan
LAHORE – Pakistan achieved the honor of becoming the leader in manpower export in the region, surpassing major players, India and Bangladesh in 2020. Over 224,000 Pakistanis went overseas for working in both white and blue collared roles. Descon Engineering Limited has played a major role in Pakistan achieving this feat, by being the highest manpower exporting entity, not only…
Read MoreChina goes full throttle on green energy transition to achieve carbon neutrality
China is the world’s largest producer and consumer of energy, with fossil fuels making up about 85 per cent of the energy structure. China has vowed to attain carbon dioxide emissions peak before 2030 and achieve carbon neutrality before 2060. The country is going full throttle to develop new energy resources and increase their proportion in primary energy consumption nationwide,…
Read MoreUAE, Saudi reach compromise: OPEC+ agrees oil supply boost
The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi Arabia and others agreed to a request from the United Arab Emirates (UAE) that had threatened the plan. “We are happy with the deal,” UAE’s Energy Minister Suhail bin Mohammed al-Mazroui told a news conference. Saudi energy minister Prince Abdulaziz…
Read MoreDespite price hike: Petrol and diesel still cheaper
In dollar terms, petrol and diesel prices have come down over the last four to five months, although international prices have increased over the same period. On February 15, Pakistan’s petrol prices were at $0.729 per litre and diesel prices at $0.703 per litre and on July 12, prices came down to $0.707 per litre for petrol and $0.715 per…
Read MoreEngineer Farah Fahim awarded $2.5M to advance AI-on-chip for data processing
To solve mysteries of the universe, scientists use powerful particle accelerators and detectors. These enormous machines generate millions of particle collisions and petabytes of data every second. The sheer amount of data outpaces the rate at which the detector can transfer it — a growing problem with even more advanced experiments on the horizon. The U.S. Department of Energy awarded…
Read MoreOil And Gas Is Booming In The Land Of Enchantment
New Mexico, the Land of Enchantment, was concerned when Biden’s pause on oil and gas drilling leases took hold, but six months into the new administration the state’s oil industry continues to go from strength to strength. After uncertainty about political decisions concerning oil and gas, following a year of low demand that drove down both oil prices and production…
Read MoreGovt disburses 100% funds allocated for water resources, NTDC, PEPCO projects under PSDP 2020-21
The government has released 100 percent funds for various water resources, National Transmission and Despatch Company (NTDC) and Pakistan Electric Power Company (PEPCO) projects allocated under the Public Sector Development Programme (PSDP 2020-21). According to the data of Planning Commission, an amount of Rs71,734.046 million was allocated for various water resource sectors during the last fiscal year. Out of total…
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