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Month: February 2023

Pakistan and the United States Have Concluded The Ninth Meeting of the Trade and Investment Framework Agreements

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(TIFAs) with a joint assertion stressing their obligation to reinforcing the two-sided financial relationship for shared success. The gathering was co-led by US Exchange Agent Katherine Tai and Pakistan’s Clergyman for Trade Syed Naveed Qamar. During the gathering, the different sides talked about different issues and concerns connected with agribusiness, advanced exchange, licensed innovation assurance, requirement, work privileges, great administrative…

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Wind Power Projects Face Curtailment Issues as NEPRA Set to Hold Hearing

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wind-power

The Breeze Power Undertakings (WPPs) of Pakistan are confronting unreasonable reduction issues which has incited the Public Electric Power Administrative Power (Nepra) to gather a gathering of the relative multitude of significant partners. In a proclamation accessible with Business Recorder, Nepra said it “is in receipt of a letter from Pakistan Wind Energy Affiliation (PWEA), by which it has been…

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Transmission Constraints Leave Thar Plants Underutilised

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power-plants

Despite the full-page promotions to check the progressive authorizing of 2,400-megawatt coal power plants in Thar, the state-supported sole power purchaser can’t despatch more than 75% of the total limit. Just 1,800MW of the 2,400MW Thar power plants can be emptied at some random time inferable from transmission requirements. Postpones in the development of the subsequent transmission line among Thar…

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CPEC Non CPEC Projects: Punjab Govt Claims 365 Chinese are Working on Expired Visas

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cpec-gawadar

The Public authority of Punjab supposedly dazed undeniable level authorities by asserting that 365 Chinese Nationals are working on CPEC and non-CEPC projects on terminated visas in Punjab; in any case, Inside Service isn’t prepared to acknowledge it, very much educated sources told. This guarantee came from the Public authority of Punjab at a gathering hung on February 9, 2023…

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Amir Muqam to Open Gas Supply Project for Katlang

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gas-project-katlang

Engineer Amir Muqam Khan, Khyber Pakhtunkhwa president and guide to State head Shehbaz Sharif, is set to initiate a hotly anticipated gas supply venture to 26 towns in Katlang Tehsil of Mardan region today (Tuesday). Previous state head Nawaz Sharif had supported the multimillion rupees gas project at the individual solicitation of late senior writer and occupant proofreader of The…

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Electricity Theft And Its Crippling Financial Impact

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power-theft

Power burglary in Pakistan is a wild and developing issue, costing the country up to Rs 380 billion every year. Its effect on the purchasers will ascend to rupees 520 billion yearly. Government Secretary Power Division Rashid Mahmood Langrial told Public Gathering advisory group. He further said that on the off chance that heap the board was not done the…

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Saudi Arabia Reiterates That OPEC+Decisions Are Not Political

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saudia-arabia-opec

The OPEC+ coalition puts together its choices with respect to oil market basics, not on political inclination, the energy pastor of OPEC’s accepted chief, Saudi Arabia, said on Monday, repeating past remarks from OPEC+ that it is taking a gander at the business sectors while settling on oil creation levels. The choices of the OPEC+ collusion, which is driven by…

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Charter of Economy Governor KPK Has Assured Business Community of Support Irfan Iqbal Sheikh

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irfan-iqbal-sheikh-fpcci

Mr. Irfan Iqbal Sheikh, President FPCCI, has welcomed the whole-hearted support of Governor KPK, Haji Ghulam Ali, to the business, industry and trade community on the FPCCI-proposed Charter of Economy aimed at 10 – 15 years of continuity in economic policies & plans. He gave this message on the occasion of Governor’s visit to the FPCCI Head Office Karachi along…

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OGDCL Announced Financial Results for The Half Year Ended December 31, 2022

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ogdcl

The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on 22nd February, 2023 at OGDCL Head Office, Islamabad announced the financial results for the half quarter ended 31st December, 2022 of fiscal year 2022-23. Net sales revenue clocked at Rs.203.235 billion translating to Profit after tax of Rs. 95.011 billion and earnings per…

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IEA Warns of Tighter Energy Supply Next Winter

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lng-supply

Global Energy Organization (IEA) head Fatih Birol has cautioned of conceivable energy deficiencies the following winter as generally minimal new condensed petroleum gas (LNG) is coming to the market while China’s utilization is set to rise this year. European legislatures settled on many right choices throughout the past year to guarantee energy supply, for example, fabricating more LNG terminals to…

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