ISLAMABAD: Starting from July 2023, consumers can expect a potential 50 per cent increase in natural gas prices in Pakistan. On Friday, the Oil and Gas Regulatory Authority (Ogra) concluded its determinations for two struggling state-run gas utilities and submitted them to the government for issuance of a notification. For the upcoming fiscal year 2023-24, Ogra has calculated an estimated…
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KARACHI: Pakistan’s power generation fell by 22.8 percent in April 2023 to 10,010 GWh from 12,960 GWh a year earlier, as industries faced the brunt of an economic slowdown. The decline was compounded by reduced coal and hydel-based generation and diminishing output from multiple sources. “Power generation is affected by economic slowdown due to multiple factors such as policy tightening,…
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ISLAMABAD: The 6th edition of Islamabad Business Summit concluded in the capital on Friday with multiple sessions, addresses, and panel discussions. Nutshell Conferences Group and Martin Dow Group in a strategic partnership with Overseas Investors Chamber of Commerce and Industry and Unity Foods Limited organised the summit with a theme of ‘The Big Rethink’. The second day witnessed 4 sessions,…
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ISLAMABAD: Privatisation Commission has nominated its senior Consultant (Energy) Salman Amin to facilitate Power Division as part of team to develop bidding documents for engagements of transaction advisor for acquisition of power Distribution Companies (Discos) to provinces, well informed sources told Business Recorder. Privatisation Commission had requested that the scope and outcome envisaged for this transaction may be defined by Power…
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Govt tries to manage balance of payments crisis amid record inflation KARACHI: Pakistan has passed a special order to allow barter trade with Afghanistan, Iran and Russia for certain goods, including petroleum and natural gas, the Ministry of Commerce said on Friday. Left with barely enough foreign exchange reserves to cover one month’s imports, Pakistan’s government is desperately trying to…
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ISLAMABAD: The Senate Standing Committee on Power on Friday again accused the National Transmission and Despatch Company (NTDC) of “tailoring” prequalification criteria and tender documents of $700 million 765-KV double circuit Dasu transmission line in connivance with the beneficial companies and World Bank representative. Senator Saifullah Abro, the committee Chairman also hinted that he would write a letter to World…
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On May 24, the annual SNEC officially kicked off in Shanghai. As the “record-holder” of the highest efficiency in the solar industry, LONGi globally releases Hi-MO 7, a new product based on HPDC technology. The product maintains the standard M10 module size, with a mass production power of 580 W and a conversion efficiency of 22.5%. It is an ultra-high-value…
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