Turkey on Saturday called off a visit by Sweden’s defence minister over a planned demonstration by right-wing activists in Stockholm. Turkey has been angered by permission obtained by Rasmus Paludan, a Swedish-Danish politician whose anti-Islam actions sparked riots across Sweden last year, to stage a protest in front of its embassy in the Swedish capital. A day after summoning the…
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The Petroleum Division has warned the central bank that the stocks of petroleum products may dry up as banks are refusing to open and confirm Letters of Credit (LCs) for imports. Like other sectors, the oil industry in Pakistan is facing hurdles to opening LCs owing to the US dollar shortage and restrictions put in place by the State Bank…
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Responding to the rising panic in the oil industry and amongst consumers, the federal government Friday ruled out any possibility of a fuel crisis in Pakistan, stating that the oil reserves required by the country were well in stock. The ministry of petroleum, in a statement, strongly denied the fears of petroleum shortage in the country. The statement termed the…
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M/s Attock Gen Limited (AGL) has sought the Power Division’s help in opening of Letter of Credit (LC) for import of necessary spare parts for periodic and breakdown maintenance of plant. The company maintains that the delay in the opening of LC is going to hamper the plant’s availability for power generation if remedial measures are not taken immediately. Sharing…
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The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) will meet on Monday, January 23, 2023 to decide about Monetary Policy. Governor SBP, Mr. Jameel Ahmad will announce the Monetary Policy decision at a press conference on the same day after the MPC meeting.
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Chairman WAPDA Engineer Lt Gen Sajjad Ghani (Retd) visited Tarbela 4th Extension Hydel Power Station (T4) and inspected operation and maintenance (O&M) activities of the power station, commissioned in 2018. He also had a detailed round of the under-construction Tarbela 5th Extension Hydropower Project (T5) to review construction activities on the sites. The GM (Tarbela Dam), accompanied by the project…
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The UK government will support British industries—including the construction, mining, and quarrying sectors—with funding of $40.2 million (£32.5 million) to reduce their reliance on fossil fuels. The funding, announced on Friday, will support the development of clean alternatives to oil products to power operations and help industry cut emissions and energy costs, the UK government said. The funds will go toward developing…
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Germany has come up with development plans for offshore wind turbine sites, eyeing 30 GW of installed power capacity by 2030, the Economy Ministry said in a Friday statement, according to Reuters. The Federal Maritime and Hydrographic Agency’s (BSH) plan allows for even more wind power capacity, with adequate space for 40GW or even 50GW by 2035—although the details of…
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Solis, a global leader in solar inverter technology, displayed its most powerful inverters at World Future Energy Summit in Abu Dhabi from January 16th-18th. The World Future Energy Summit is the leading international event accelerating sustainability and the global transition to clean energy. Solis’s booth grabbed many eyeballs and was the focal point of attention for visitors at the largest…
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