LPG Carrier “GAS ATHENA” the 3rd consecutive LPG vessel of this month arrived at Gwadar Port on 28th Jan 2022. This represents the effort of Ministry of Maritime Affairs, CPEC Authority, GPA, OGRA and Pakistan Customs to overcome the energy crisis through continuous LPG imports at Gwadar Port. The LPG imports have been gradually normalized at time of Covid-19 global…
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The Federal Board of Revenue (FBR) is introducing steps to regulate movement of foreign currencies including mandatory declaration of foreign currencies with any limit at customs stations, airports, and sea ports, etc. Sources told Business Recorder that the documentation of the financial transactions of the foreign exchange dealers/ exchange companies is amongst the priorities of the FBR. One of the proposals under…
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The Upper House of the Parliament, Senate on Friday approved the State Bank of Pakistan (SBP) Amendment Bill on Friday. The bill has been passed with 44 votes in favor, and 43 votes against. The SBP Amendment Bill was not included in the agenda shared on Thursday night, however was added to the agenda in the morning. Previously it was…
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The board of directors of Sui Southern Gas Company (SSGC) on Saturday approved the acquisition of 11 acres of land on lease from Pakistan Steel Mills (PSM) against its receivables on account of gas supply to the steel unit. According to sources, the board gave the go-ahead for acquiring the piece of land, which was close to the CTS Bin…
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India has geared up its construction activities on the 850MW Ratle Hydropower project and made 330MW Kishenganaga project operational on Pakistan rivers with objectionable designs during the last five-year time after the World Bank stopped on December 12, 2016 separate processes initiated by India and Pakistan under the Indus Waters Treaty to allow the two countries to consider alternative ways…
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A high level delegation of Turkmenistan led by Deputy Foreign Minister Mr. Vepa Hajiyev held extensive meeting with the Pakistani delegation led by Federal Minister for Energy Mr. Hammad Azhar here today. Both sides discussed various aspects of the flagship Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline as well as the Turkmenistan-Afghanistan-Pakistan (TAP) power transmission line. Minister Hammad Azhar reiterated Pakistan’s commitment to…
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As countries around the world rally behind net zero targets, hydrogen is increasingly seen as a missing piece of the energy transformation puzzle to decarbonise harder-to-abate sectors. The possible pathway on which hydrogen might evolve still involves many uncertainties. With the growing momentum to establish a global hydrogen market comes the need for a deeper understanding of its broader effects,…
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Work on thousands of industrial, agricultural and residential solar power projects has been halted across Pakistan following the withdrawal of exemption from 17 percent sales tax and 3 percent additional sales tax on import of solar power equipment announced recently in mini-budget. https://www.facebook.com/v2.9/plugins/quote.php?app_id=106170627023&channel=https%3A%2F%2Fstaticxx.facebook.com%2Fx%2Fconnect%2Fxd_arbiter%2F%3Fversion%3D46%23cb%3Df30576813a26468%26domain%3Dnation.com.pk%26is_canvas%3Dfalse%26origin%3Dhttps%253A%252F%252Fnation.com.pk%252Ff35811bb969a358%26relation%3Dparent.parent&container_width=779&href=https%3A%2F%2Fnation.com.pk%2F29-Jan-2022%2Fwork-on-thousands-of-solar-power-projects-across-pakistan-halted&locale=en_US&sdk=joey This was stated by Pakistan Solar Association founder and former chairman Muhammad Farhan in a meeting with…
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The shareholder returns adage has now become a fixture of the U.S. oil industry. Large public oil companies are not boosting production despite rising prices and tight supply. Instead, they are returning cash to shareholders. And this might continue, raising the ceiling on prices. From a certain perspective, this is the right thing to do in order to keep shareholders on.…
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Talk of $100-a-barrel oil has intensified in recent days, but triple-digit prices may pose a disadvantage for major oil-producing nations that are set to meet next week to decide the best course of action on production levels. “It isn’t in OPEC+’s best interest to see prices go through $90 [a barrel] this year and move higher,” says Bob Ryan, chief…
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