Finally, electric bus has made its debut in Pakistan. Yesterday, there was a soft launch of first electric bus by Sapphire Group in Karachi. The project does not aim to receive any operational subsidy from the Sindh government, yet still aims to be affordable for consumers. Moreover, the real benefit is in the form of reductions achieved in carbon emission.…
Read More
Inflation concerns in Islamabad are getting more and more obvious by the day. Petroleum prices were reduced for the first time since mid-November 2020. A 2.6 percent decrease in benchmark Arab light crude oil coupled with 1 percent appreciation in rupee – over the previous fortnight, made it easier for the government to reduce petrol and HSD prices by 1.4…
Read More
A chartered accountant by profession, Syed Moonis Abdullah Alvi’s career spans over three decades in the finance industry with a focus towards driving operational efficiencies, financial planning and capital restructuring. He has been associated with K-Electric in various positions. Mr. Alvi joined K-Electric in 2008 and has served as K-Electric’s Chief Financial Officer. He has also served as KE’s Company…
Read More
KARACHI: Managing Director of Sui Southern Gas Company Ltd Imran Maniar visited Site Association and met with Zubair Motiwala, President Site Association, Javaid Bilwani, Salim Parekh, Younus Bashir and other members of the association along with multiple industrialists who were present at the occassion. Representing SSGC were Saeed Ahmed Larik – DMD UFG, Brig Abuzar (R), Shahbaz Islam and Asif…
Read More
Those who come to Britain from countries on the red list will be refused entry, while returning Britons must submit to 10 days of mandatory quarantine in hotels. In his message, Turner said that direct flights between Pakistan and the UK would continue to operate but schedules could change. During their quarantine, people from red list countries will have to…
Read More
LAHORE: The launching of flagship China Pakistan Economic Corridor (CPEC) 4,000mw South-North transmission line project has been delayed to September 2021, making grid stability and power affordability another pipe dream for now, The News has learnt. The delay has been attributed to outstanding work, pending on the part of both state-owned transmission company and the contractor. According to the Memorandum…
Read More
A funding of $120 million has been approved by the World Bank for Prime Minister’s Green Stimulus Initiative and it can be utilised by Pakistan to boost green jobs for workers who have been laid off due to Covid-19, said World Bank Country Director for Pakistan Najy Benhassine. Talking to Special Assistant to Prime Minister on Climate Change Malik Amin…
Read More
Power rates hike in an economy like that of Pakistan not only further depresses the national economy, but also inflicts inflationary effects on general price structure for the common man of the country. It is a single factor, which adversely hits the lives of the poor and middle level citizens. The industry and agriculture are seriously affected in costs of…
Read More
ISLAMABAD: Pakistan LNG Limited (PLL) has received 42 bids from a record 12 international traders for the eight liquefied natural gas (LNG) cargo deliveries between April 30 and June 28 against prices that are significantly higher than comparable period last year. According to the bidding results finalised by PLL, Eni SpA of Italy secured three cargoes with the lowest prices…
Read More
Qatar Petroleum has announced that it will become the 100% owner of Qatargas Liquefied Natural Gas (QG1), the holding company of an LNG project in Qatar, effective from 1 January 2022. OG1 was established in 1984 to produce LNG and related products from Trains 1, 2 and 3. Each of the trains have a production capacity of 3.3 million tonnes…
Read More
