For the year as a whole, NEA had already declared in June that it was expecting at least 108 gigawatts of photovoltaic capacity to be added. This could almost double the record from 2021 with just under 55 gigawatts. Given the current nine-month additions, the restrictions imposed by the Zero Covid policy seem to jeopardize the achievement of the goal. In view of…
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Schlumberger (NYSE: SLB) is known as of Monday under its new name—SLB—to reflect its transformation from an oilfield services provider to a global technology company helping the energy transition, the world’s largest oilfield services provider said in a statement today. By rebranding to SLB, the company is dropping the family name of its founders, brothers Conrad and Marcel Schlumberger, who founded the firm in…
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Pakistan on Monday proposed the inclusion of “Water Resources Management & Climate Change” as new area of cooperation under the framework of China Pakistan Economic Corridor (CPEC) for efficient water resources management, development of climate resilient infrastructure. The proposal was made in the third meeting of Joint Working Group (JWG) between the government of Pakistan and People’s Republic of China…
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Governance weaknesses and problems in Pakistan are direct outcome of prevalent duality in its power structure, run by different de jure as well as de facto entities. This duality bearing on civil and military establishments, in non-compliance with constitutional obligations, has thrown the democratic political system out of equilibrium. This aspect of the political system, along with several others, was…
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Officials from the Asian Development Bank (ADB) said on Monday that its $1.5-billion Building Resilience with Active Countercyclical Expenditures (BRACE) programme will provide timely liquidity to Pakistan and help mitigate the immediate impact of exogenous shocks. In a meeting with Prime Minister Shehbaz Sharif, they said that the funding will also allow the government to roll out its relief and…
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National Iranian Gas Company (NIGC) has reached new agreements with Turkey’s state-owned BOTAS Petroleum Pipeline Corporation on gas exports to the neighboring country, a senior official with NIGC announced on Sunday. National Iranian Gas Company Dispatching Director Mohammadreza Jolaei said that some expert-level meetings have been held between the two sides and new agreements have been reached. According to Jolaei,…
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Pakistan offers a world of opportunities due to its geostrategic location, agricultural potential, and wealth of minerals and natural resources. Moreover, it has a burgeoning young population which is almost 60% of the total population and offers a highly potent resource. Why do we then find ourselves in this continually rising debt situation with exports on diminishing lines and imports…
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Low gas pressure irked the residents of different localities of the city for the past few days creating problems for domestic users, especially in the mornings. The residents of Muslim Town, Sadiqabad, Satellite Town, Dhoke Elahi Baksh, Dhoke Khabba, and many other localities have been facing a gas shortage and low gas pressure for the last few days The unannounced…
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State Minister for Petroleum Senator Musadik Malik and Secretary Petroleum Capt (Retd) Muhammad Mahmood visited SNGPL Head Office in Lahore. MD Sui Northern Gas Ali J Hamdani and Senior Management of SNGPL received the dignitaries. The state minister and the secretary petroleum held marathon meetings with the company’s management aimed at devising solutions to ensure provision of gas supply to…
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