EDITORIAL: As inflation continues to be the single most persistently worrisome indicator for the general public third year running the economic team’s insistence, supported by the Prime Minister, that it is due entirely to the mafia (read collusive behaviour across most sectors of the economy including industrialists/wholesalers/ retailers/aarthis) and not due to its own fiscal and monetary policies is baffling.…
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Interest from Asian buyers in liquefied natural gas (LNG) exports from Mexico’s Pacific Coast has reached a full-blown frenzy amid soaring natural gas prices and demand, according to Mexico Pacific Limited LLC (MPL) CEO Doug Shanda. Shanda spoke with NGI’s Mexico GPI about the firm’s LNG export terminal planned for Puerto Libertad in Sonora state. “We saw a lot of…
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The vast majority of the world’s fossil fuels are effectively “unextractable” and must remain in the ground if we want even half a chance at meeting our climate goals, according to a new study. For nations like Indonesia and Australia, the world’s leading exporters in coal, that will require abandoning 95 percent of their natural deposits come 2050, researchers at…
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Global mean surface temperatures reached 1.2°C above the pre-industrial average in 2020, and the Intergovernmental Panel on Climate Change warned in its recent report that Earth could hit 1.5°C in as little as a decade. The 0.3°C separating these two temperatures make a world of difference. Scientists believe that stabilising our warming world’s temperature at 1.5°C could help avoid the…
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The Sindh government on Wednesday unveiled its plan to collect two taxes on behalf of the Karachi Metropolitan Corporation (KMC) — fire tax and conservancy tax — from the citizens of Karachi through the monthly K-Electric bill. The proposal was discussed in a meeting comprising officials of the power utility and municipal departments, chaired by Sindh Chief Minister Syed Murad…
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Pakistan Petroleum Limited disclosed that it has made a hydrocarbon discovery from exploratory well, Jugan-1, in the Latif Block (the “Block”) in Sindh, in a notice sent to the Pakistan Stock Exchange (PSX) on Thursday. PPL holds a 33.30% working interest; Eni Pakistan Limited holds 33.30% and United Energy Pakistan Limited (UEPL), formerly known as BP Pakistan, which is an…
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In a second attempt, the government has managed to finalise the appointment of Lahore Electric Supply Company (Lesco) chief executive officer. Lesco is a power distribution company under the administrative control of Power Division. It is one of the 10 power distribution companies under the administrative control of the Ministry of Energy (Power Division). It is a public sector company…
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The National Electric Power Regulatory Authority (Nepra) has proposed a cap on the tariff for electric vehicle charging stations at Rs45 per unit along with two other options for the prospective and current investors in the power station business. At a public hearing on tariffs for electric vehicle charging stations at the Nepra headquarters, the stakeholders proposed a subsidy on…
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The government has started the audit of all oil refineries and oil marketing companies (OMCs) to rule out the possibility of irregularities in taxes, product sourcing and transportation costs. A senior government official told Dawn the Petroleum Division had asked 25 OMCs and refineries to ensure availability of relevant personal and entire record for examination by the audit teams. In the first…
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LAHORE, Pakistan, Sept. 8, 2021 /PRNewswire/ — Sungrow, the global leading inverter solution supplier for renewables, showcased the latest PV and energy storage product solutions at Solar Pakistan 2021 and signed a 50 MW distribution contract onsite, furthering its commitment to renewable energy and fueling the national transition to a low carbon economy. The 50 MW agreement was forged between…
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