LONDON: In recent times, the complex ownership structure of K-Electric (KE) — a pivotal cornerstone of Pakistan’s national security infrastructure — has become a subject of intense scrutiny in relation to the ongoing proceedings at the Cayman Island Court for the full control of the company. The ownership structure has come under discussion after it was reported that the majority…
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KARACHI: Pakistan’s energy sector could save more than $8 billion over the next decade by adopting more efficient and cleaner power generation strategies, a study released on Tuesday said. The study, conducted by the Policy Research Institute for Equitable Development (PRIED) and the Renewables First, a consultancy firm, analysed the government’s Indicative Generation Capacity Expansion Plan (IGCEP) 2022-31 and proposed…
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KARACHI: As the auto industry shifts towards greener technologies across the world, MG Motors Pakistan has also stepped up efforts to get in the same lane with plans to introduce hybrid, plug-in hybrid and fully electric vehicles. The company has already tasted success with its MG HS sports utility vehicle, both the imported and locally assembled petrol versions, selling a…
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KARACHI: The increase in petroleum dealers’ margin on petrol and diesel in four equal fortnightly hikes of 41 paise per litre (total Rs1.64) will become effective from Sept 1. Pakistan Petroleum Dealers Association (PPDA) Chairman Abdul Sami Khan on Tuesday said that after a detailed discussion in the presence of the Oil and Gas Regulatory Authority chairman, Oil DG and…
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KARACHI (July 25): The Thar Coal Energy Board in its 25th meeting held under the chairmanship of Sindh Chief Minister Syed Murad Ali Shah approved a levelized tariff of $ 37.36 per ton for the Financial Close stage petition for 7.8 million tons per annum of Block-I and a levelized tariff of $ 30.40 per ton for Contract stage petition…
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By Mustafa tahir Introduction:Pakistan, like many developing nations, heavily relies on its energy sector to fuel economic growth and meet the demands of its rapidly growing population. However, the country has faced numerous challenges in maintaining a stable economy, one of which is the fluctuation of its national currency, the Pakistani Rupee (PKR). This blog will delve into the consequences…
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(24th July 2023) United Business Group(UBG) representing the nation’s economic backbone, stands united in expressing profound concern and anxiety over the recent exorbitant increase in electricity tariffs. This hike has raised significant apprehensions among businesses, threatening to impact the purchasing power of consumers, lead to a decline in exports and investments, and potentially result in the closure of industrial units.…
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Ministry Energy government of Pakistan to host Pakistan Minerals Summit on August 01 in Islamabad. It will be curated by Nutshell Conferences Group. This highly anticipated event is themed “Dust to Development: Investment Opportunities in Pakistan” and aims to explore and capitalize on the vast potential of the minerals industry. Barrick Gold is supporting the Summit in partnership with the…
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News about switching to greener energy sources is always good news, and this certainly counts: The world’s largest wind turbine constructed to date is now up and running and contributing to the power grid in China. The MySE 16-260 earns its largest-ever tag thanks to its rotor diameter of 260 meters (853 feet) and its swept area of 53,902 square meters (580,196 square feet);…
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ISLAMABAD: Describing the failed four-year Extended Fund Facility (EFF) as a “missed opportunity”, the IMF blamed both the PTI and PDM, particularly under the economic stewardship of Shaukat Tarin and Ishaq Dar, for irresponsible budgetary expansion and exchange rate interventions, respectively. The IMF staff report released after the signing of the $3 billion Standby Arrangement detailed step-wise ‘stop and go’ cycles of the…
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