With some subdued downward risks, Fitch Solutions on Monday forecast Pakistan’s economic growth at 4.2 per cent — against the government’s target of 4.8pc — in the current fiscal year (FY22) owing to supportive monetary and fiscal conditions and improving vaccination rates. The report by Fitch Solutions — which offers financial information services — noted that net exports would contribute…
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Pakistan LNG Limited (PLL) has allowed the private sector to import LNG for the month of November 2021 by using its underutilised capacity amid the forecast that the LNG rates in the international open market for the said month will stand at $27.75 per mmbtu. The private sector companies term the move of the PLL tricky, arguing when the LNG…
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India aims to develop 450 GW of renewable energy by 2030. In reaching the target, India and Denmark now launch a joint Centre of Excellence for Offshore Wind and Renewable Energy. In the coming decades, India is expected to become one of the largest markets for renewable energy. The country has an ambitious target of reaching 450 GW in 2030…
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The National Assembly Standing Committee on Power has directed the Ministry of Energy (Power) to negotiate power tariff concessions with the independent power producers (IPPs), as the Ministry has admitted that the power companies intentionally delayed the electricity billing during the Eid-ul-Adha and Moharram holidays, causing overbilling to electricity consumers of all distribution companies across the country. The whole world…
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Blinken, as usual defended the Biden administration’s handling of Afghanistan before the Senate Foreign Relations Committee. Most of the Republican and Democrat lawmakers blamed the chaos and worse law and order situation following the US withdrawal from Afghanistan last month on President Biden. While both Republicans and Democrats also targeted Pakistan for its assumed support to the Taliban during the…
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The government of Pakistan is planning to build solar plants on top of canals spread across the region of Punjab, which hosts several canal irrigation systems. The Punjab Power Development Board (PPDB) is currently seeking consultants to conduct a feasibility study for the deployment of solar plants on canals spread across the Gujranwala division, which is an administrative division in…
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Some foreign consultant must have told this gas thing to CCoE in English, otherwise we have been telling this to them since 2015. Still it is not energy efficiency they are striving for but to utilize excess “must run” capacity they have contracted. Unfortunately their thinking is outdated and they would be trading one evil with the other. The increase…
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The launch of the ‘Adapting to Salinity in the Southern Indus Basin (ASSIB’) project, funded by the Australian government through the Australian Centre for International Agricultural Research (ACIAR), took place at a local hotel in Karachi today by way of a stakeholder inception workshop attended by representatives from government, academia, NGOs, and communities living in salinity-affected areas of Pakistan. The…
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Khalid Mahmood, Managing Director and CEO Getz Pharma Pvt. Ltd Executive Director, IBA Karachi, Dr. S. Akbar Zaidi, signed a joint MoU to provide financial assistance to deserving students. Getz Pharma (Pvt) Ltd, Pakistan’s leading pharmaceutical company and the Institute of Business Administration (IBA), Karachi, the country’s prestigious higher education institution, have partnered to establish Getz Pharma Endowment Fund. The…
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