After a prolonged suspension of close to 14 months in the International Monetary Fund’s (IMF) $6 billion extended fund facility (EFF) to Pakistan, a staff-level agreement to release the third tranche of $500 million was reached this week. The resumption in the facility comes after the PTI government, after having resisted at first, was forced to hike power tariffs, energy…
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CPEC projects not only bring electricity to us, but also train professionals, and contribute to the well-being of local people for Pakistan, said Muhammad Muneeb, a senior official of Sahiwal Coal-fired Power Station, who awarded the Outstanding Pakistani Employee of CPEC Project by the Chinese Embassy, according to a report published by Gwadar Pro on Saturday. The Sahiwal project, initiated…
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Energy security appears to be the biggest challenge confronting the country since long. The following paragraphs are an attempt at a quick health check of Pakistan’s energy supply chain and recommending the way forward. Despite all of our cash flow issues and heavy debt, we have somehow ended up with a highly lethal energy mix which compels us to spend…
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With dwindling gas resources and lack of discovery of new oil and gas resources, energy dependence will increase unless dedicated efforts are made to discover new resources and increase the utilisation of existing resources. Pakistan has one of the largest lignite (brown coal) resources, which can be termed almost limitless (185 billion tons). Despite this, coal imports have been increasing…
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The neighbouring countries are treating hybrid electric vehicles (HEVs), plugged-in hybrid electric vehicles (PHEVs) and electric vehicles (EVs) in the same fashion. While creating a base for future autonomous connected vehicles and the related infrastructure, Pakistan should not be too off the mark if it wants to promote environment-friendly vehicles. This was the concluding remark by Indus Motor Company (IMC)…
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GWADAR: The planning process for the country’s largest oil city — which will house a $10 billion Aramco Oil Refinery project — in Pakistan’s southwestern Balochistan province is expected to conclude before the end of the year, Pakistani officials said this week. The proposed mega oil city will be developed at an area of 80,000 acres in Gwadar District for the…
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The Punjab government has decided to shift government offices, schools, colleges, universities and health units across Punjab to solar power under the Green Energy Programme through which Rs108 billion will be saved annually. A comprehensive plan has been formulated to increase the use of solar energy in the light of the directives issued by Punjab Chief Minister Usman Buzdar. In…
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The federal government has proposed a liquefied petroleum gas (LPG) policy that may leave the least developed province disadvantageous. Daily Times has obtained policy recommendations of a subcommittee of the Cabinet Committee on Energy, which canvass policy shift designed to defeat land imports of LPG with the objective of benefiting imports by sea. “As the land import does not attract…
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Federal Minister for Energy Omer Ayub Khan on Friday said present government was clearing liabilities of the previous regimes in the power sector that had been incurring huge losses to national exchequer. Taking part in the debate in the National Assembly regarding inflation, he said that the previous government had somehow planted “landmines” in the foundation of economy. He said…
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The government is planning to issue a $500 million green bond in the next few months to help boost its development of hydroelectric power. The bond, denominated in euros, will be the government’s first to fund environmental goals, Malik Amin Aslam, Adviser to Prime Minister Imran Khan on Climate Change, said in an interview with Bloomberg. It is set to…
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