The Supreme Court noted that no substantial investment has been made for the improvement of transmission lines and alternative power generation plants. A three-judge bench, headed by Justice Umar Ata Bandial, on Tuesday, heard a review petition of the All Pakistan Textile Mills Association (APTMA). Justice Bandial said there was a need to support the economic activities and that export-oriented…
Read More
Asia gas prices may be high, but over the years they are poised to go even higher due to two key developments that threaten to change Japan’s role and influence in global liquefied natural gas (LNG) markets, according to the latest analysis from Japan NRG. For decades Japan was the dominant buyer in the LNG market. In the first six…
Read More
SINGAPORE, Oct 6 (Reuters) – Asia liquefied natural gas (LNG) spot prices surged by 40% to a record high of over $56 per million British thermal units (mmBtu) on Wednesday, amid a global energy crunch, low gas inventories and mounting supply concerns. Price agency S&P Global Platts’ Japan-Korea-Marker (JKM), which is widely used as a spot benchmark in the region,…
Read More
Byco and Axens are pleased to announce that Axens has been selected to support Byco’s Refinery upgrading Project Phases I, II, III with providing advanced technical solutions in order to achieve Euro V gasoline and diesel specifications in Pakistan. The solution consists of a unique integration of three existing units into a Cracked Naphtha Desulfurization unit using best in the…
Read More
Mobilink Microfinance Bank Limited (MMBL) has put forth it’s 9 point agenda for the future of financial inclusion covering far-reaching and research-based recommendations in the areas of diversity & inclusion, microfinance, SME finance, housing finance, agriculture finance, digital lending, payments, savings, and insurance. The 9 point agenda was formally launched by President & CEO, Mobilink Microfinance Bank, Ghazanfar Azzam, in…
Read More
Chinese companies are reportedly reluctant to engage in the second phase of the China-Pakistan Economic Corridor (CPEC) due to failure to meet the terms and conditions agreed with existing companies especially in power sector and has bandied charges of enticement. Background interviews with officials dealing with Chinese companies, discussions at a recent high level Joint Working Group of Pakistani and…
Read More
A year ago, the oil industry was struggling to stay afloat, with OPEC producers being told they were becoming increasingly irrelevant in a world set on a renewable energy path. Fast forward to today, and analysts are talking about crude oil reaching $100 before the year ends. Now, even if OPEC and its allies wanted to help those who find…
Read More
The losses of four power distribution companies (DISCOs) including Hyderabad, Peshawar, Sukkur and Quetta Electric Supplies Companies have increased during 2020-21. According to State of Industry Report published by power regulator NEPRA, HESCO, PESCO, SEPCO and QESCO reported highest losses with 38.55%, 38.18%, 35.27% and 27.9% losses respectively. While the losses of Tribal Electric Supply Company (TESCO), Gujranwala Electric Supply…
Read More
FY21 was a treat for the cement industry. Booming demand (dispatches grew by 10 million tons in just one year; up 21%), substantially improved retention (average revenue per ton sold grew between 20 and 30% for most cement players situated in the north zone and 4-15% for those in the south zone), fixed costs absorption, tamed overheads and shrunk finance…
Read More
Sellers of liquefied natural gas (LNG) are asking for credit letters from companies they deal with to guarantee they can pay as the global spike in gas prices takes them beyond their credit limits, industry sources said. Defaults have been rare in LNG, which has typically relied on big players with deep pockets, but over the last two-to-three years, around…
Read More
