That makes the problems being experienced in the backyard of the Three Gorges a warning to other economies in Asia that would seek to follow China’s path to development. Daily hydro generation has fallen 51% amid the worst drought on the Yangtze since the early 1960s, part of a worldwide drying that’s also closed the Rhine to barge traffic. That’s led to factory shutdowns as…
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The National Electric Power Regulatory Authority (Nepra) has shown ‘special kindness’ to Turkish company M/s Zorlu Solar Pakistan Limited (ZSPL) by approving 13 percent Return on Equity (RoE), after intervention of the Prime Minister who apologized publicly to the Turkish companies for mistreatment in the past. The company intends to establish 100MWp solar power project at Quaid-e-Azam Solar Power Park…
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Oil exporting countries have already made huge profits. Pak should prepare to import cheap oil, gas from Iran: Mian Zahid Hussain Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance and former provincial minister Mian Zahid Hussain on Wednesday said the decision of oil exporting countries to reduce production may push the world…
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Pakistan’s information technology company, Systems Limited, made history by being the country’s only tech firm to be awarded ‘Forbes Asia’s Best Under A Billion’ for the third time in a row. Forbes Asia has recently compiled its annual list of the top 200 companies from the Asia-Pacific region with consistent top and bottom-line growth and under $1 billion in revenue.…
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The enhanced rates of RDs would remain applicable from August 22, 2022, to February 21, 2023, under the SRO.1571(I)/2022 and RD would remain applicable on the import of items falling under the serial number 554 of the SRO.1571(I)/2022 from August 22, 2022, to November 1, 2022. Under the SRO.517(I)/2022, 7 percent regulatory duty would be applicable on goods falling under…
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August 2022
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s China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries shunned Russian cargoes over its invasion of Ukraine. China brought in 7.42 million metric tons of coal from Russia last month, data from the General Administration of Customs showed on…
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The price of electricity is likely to go up once again as the Central Power Purchasing Agency (CPPA) has filed an application with NEPRA seeking power tariff increase by PKR4.69 per unit, it was learnt on Sunday. According to the details, CPPA on behalf of power distribution companies (DISCOs) except K-Electric has asked the National Electric Power Regulatory Authority (NEPRA) to…
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Latvians have been adjusting since the end of July, when Russia stopped supplying gas to the Baltic former Soviet state. “Energy prices are so exorbitant that we already cut off the hot water from the city pipeline and installed our own hot water boiler,” said Juons Ratiniks, who lives in the city of Rezekne, near the Russian border. “It is…
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Prime Minister Shehbaz Sharif on Monday took strict notice of public complaints on inflated electricity bills and directed authorities to submit an urgent report and recommendations over the matter. Chairing a meeting in Islamabad, the premier instructed officials concerned to submit a detailed report with recommendations regarding public complaints on electricity bills on priority basis. “Khadim-e-Pakistan is answerable to his…
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