Amid declining domestic gas production and expensive fuel imports, a new policy for conversion of Coal-to-Gas (LTG) and Coal-to-Liquid (CTL) with lucrative tax holidays and duty exemptions is being finalised to be made part of the upcoming federal budget 2022-23. Informed sources said the draft Policy on Coal-to-Liquid and Coal-to-Gas was prepared by Oracle Power and China National Coal Development…
Read More
The Islamic Development Bank has signed three financing agreements, valued at $180 million, with the Government of Pakistan, to support its green agenda, it said, in a statement. The financing is set to fund the Mohmand Dam and Hydropower Plant project. It aims to add 800 megawatts to Pakistan’s installed hydropower capacity and generate approximately 2,862 gigawatt hours annually. “We are…
Read More
The UK prime minister said last week that he may consider shifting to nuclear power to offset rising prices of natural gas, which have spurted up by about 150% in Europe since the start of the war in Ukraine. This price increase is more than double. This would also support UK’s strong climate stance of net-zero greenhouse gas (GHG) emissions…
Read More
Canada’s oil producers have been struggling to grow for years. Lack of export routes outside the United States and pressure from the government and regulators have combined to stifle any serious growth ambitions in the oil sands. All this changed earlier this month as oil prices soared to over $100 and the U.S. ban on Russian oil imports automatically triggered…
Read More
To compensate for Washington’s ban on energy imports from Russia, imposed in response to the war in Ukraine, US officials have quietly made overtures to an antagonistic pair of oil producers, Iran and Venezuela. It is too early to tell whether the unorthodox attempt to make up for the oil-supply shortfall will bear fruit. So far, the main result of…
Read More
Foreign Minister Makhdoom Shah Mahmood Qureshi met the Secretary General of the Organization of Islamic Cooperation (OIC), H.E. Mr. Hissein Brahim Taha, today. The OIC Secretary General is visiting Islamabad for participation in the 48th Session of the OIC Council of Foreign Ministers (CFM). The Foreign Minister and the OIC Secretary General reviewed the agenda of the 48th CFM and…
Read More
Indus Motor Company (IMC), aligning itself with the spirit of Toyota’s global corporate initiative, “Start Your Impossible” (SYI), has signed on an emerging mountaineer, Asad Ali Memon as its newest SYI champion.Asad is a 24-year-old, high potential sportsman from Larkana, Sindh. Since the beginning of his mountaineering career in 2016, he has summitted several peaks both in Pakistan and internationally…
Read More
Turkey has said it is ready to host a meeting between Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin.Ukraine president Volodymyr Zelensky has calls for urgent talks with Russia, saying in a Facebook video they are the “only chance for Russia to minimise the damage done with their own mistakes”. Zelensky has been pushing for direct talks with Putin.…
Read More
Oil is set to surge to $120 a barrel as the Ukraine conflict rocks energy markets, Morgan Stanley’s chief commodities strategist has predicted. Crude oil prices will then stay around the $100 mark for the whole of 2023, Martijn Rats told Insider. The war in Eastern Europe will mean Russian oil production will fall by around 1 million barrels per…
Read More
Air pollution kills an estimated 7 million people every year. Tiny soot and dust particles found in city air and biomass-fueled kitchens are the main culprits. Scientists call it PM2.5, meaning particulate matter smaller than 2.5 millionths of a meter. Bloomberg Green pulls data from more than 4,000 sensors monitoring PM2.5 in an open-source network run by OpenAQ, a nonprofit…
Read More
