Investors are wary of Pakistan’s default on Sri Lanka as the South Asian country grapples with rising commodity prices and tighter credit conditions. Pakistan’s foreign bonds maturing in 2024, 2025 and 2026 are trading briskly in distressed territory, according to Bloomberg data, at about 71, 65 and 63 cents per dollar, respectively. The country’s debt was one of the worst-performing…
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Pakistan’s finance minister said the government has taken steps that will put the country on the right track and help the South Asian nation avoid an economic collapse. But that will cause pain for its people, he added. The country is desperately fighting for its survival as the recent rise in commodity and energy prices have exacerbated its debt problems.…
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Prime Minister Shehbaz Sharif Tuesday exchanged views on matters of common interest with UAE President Sheikh Mohamed bin Zayed Al Nahyan during a telephone call. The two leaders review the progress and resolved to further strengthen ties while recalling the decisions taken during the visit of PM Shehbaz to the UAE in April 2022. According to a statement released by…
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GoodWe was listed as one of the top 3 hybrid inverter suppliers globally in 2021, taking around 13% global market share according to data released by Wood Mackenzie, the world’s leading authority on energy research. Since its establishment in 2010, GoodWe has been continuously focusing on PV inverters and energy storage solutions and has gained a competitive foothold in the…
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Muhammad Humair Karim, Secretary, Ministry of Economic Affairs, H.E. Ms. Lis Rosenholm, Ambassador of Denmark to Pakistan , signed an Inter-Governmental Framework Agreement between the Governments of Pakistan and Denmark. H.E. Ms. Lis Rosenholm, the Ambassador of Denmark to Pakistan also had a brief meeting with the Minister for Economic Affairs, Sardar Ayaz Sadiq in his office. He apprised the…
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The international energy demand/supply imbalance has resulted in a steep rise in the cost of energy inputs. Pakistan cannot control the international geopolitics behind the crisis, but taking emergency countermeasures to fix our energy situation is certainly possible. In this article, I will argue why we need to launch a major programme of solar roof-tops to handle the current crisis…
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August 7 (ANI): Amid the severe energy crisis,Pakistan sought a six-year Liquefied Natural Gas (LNG) supply contractfrom international trading companies, by issuing a two-part tender seeking bid prices. Pakistan is heading towards a severe energy crisis in the coming monthswithout the proper LNG supply required to generate electricity, fuelindustries, and household consumption.Last month, the 5-year LNG term agreement with GUNVOR…
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Asia now hosts about one-fourth of the world’s operational nuclear power units. As of June 2021, six Asian markets and regions (Japan, South Korea, mainland China, Taiwan, India, and Pakistan) were running 113 reactors producing 97.4 GW of energy. Over half of these reactors were built before 2011. According to the World Nuclear Association, around two-thirds of reactors currently under…
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The Oil and Gas Regulatory Authority (Ogra) has asked the government to immediately create a National Gas Transmission Company (NGTC) classified as a “strategic asset” to begin with gas sector reforms and open up the gas market for competition and facilitate bridging a massive demand-supply gap currently facing the country. According to Ogra estimates, Pakistan’s unrestricted gas demand is currently…
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THE continuing political circus is distracting from the intense monsoon, the worst in three decades. Public and media attention is rightly focused on the devastation — 550 dead, infrastructure washed away, acute food and water shortages, especially dire in Balochistan. But we are still not doing enough to connect this devastation with broader climate change discourse, using the grim circumstances…
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