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Month: July 2023

DAY TRIP LEARNING LAUNCHING Ceremony held by PEC at NUTECH Islamabad on 20th July’23:

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NUTECH

A Project of PEC Pakistan Development Committee It is one of the need awaited remarkable projects for engineering students and faculty, with the potential to revolutionize the learning methodology with familiarization and industrial practical exposure. This event was graced by renowned engineers, researchers, academicians and appraised by Engr. Lt Gen Kashif Nazir HI(M) as Chief Guest.“Day Trip Learning” will provide…

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3rd International Solar Clean Energy Conference

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solar-conference

Call to maximize solar power production in Pakistan to end energy woes of countrymen Karachi:Speakers at a conference emphasized the need to maximize solar energy production in Pakistan, especially by establishing utility-scale renewable energy projects to provide uninterrupted power supply to every household in the country at the cheapest rates.They were speaking at the 3rd International Solar Clean Energy Conference…

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European electricity prices tumble into negative territory amid glut of green energy

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European-electricity

Electricity prices in Europe fell into negative territory over the weekend as the region’s green-energy push resulted in an abundance of supply. On Saturday, prices for the following day dipped below zero in about a dozen countries, including Germany, France, the United Kingdom and the Netherlands, according to Epex Spot SE data cited by Bloomberg. In the Netherlands, prices for Sunday…

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Oil industry, OGRA at odds over HSD price cut

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Oil-and-Gas

KARACHI/ISLAMABAD: The oil industry and the Oil and Gas Regulatory Authority (OGRA) are at odds over the decision to lower the price of high speed diesel (HSD) by 2.4 percent for the second half of July, a move that the industry says violates the pricing formula agreed upon last year. The Oil Companies Advisory Council (OCAC) on Wednesday reiterated its…

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IBA report on Pakistan’s economy

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Pakistans-economy

KARACHI: The Institute of Business Administration (IBA), Karachi successfully launched its report titled ‘The State of Pakistan’s Economy 2023-24 | Trials and Turmoil: Navigating the Interconnected Challenges of Politics, Economy, and Climate Change’. The report is authored by the esteemed faculty members of the Department of Economics, School of Economics and Social Sciences (SESS). The report provides a critical analysis…

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GHPL allows its outgoing MD to stay

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Oil-prices

ISLAMABAD: Government Holding Private Limited (GHPL) has allowed its managing director, whose tenure expired on June 18, to continue in his position without approval of the Cabinet. In an unexpected development, the GHPL board, during its 178th meeting on June 15, 2023, appointed Nadeem Javed Bajwa as the acting MD/CEO of GHPL on an additional charge basis. The board asked…

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RLNG prices cut by up to 1.5pc for July

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Oil-and-Gas

ISLAMABAD: The government on Tuesday cut the re-gasified liquefied natural gas (RLNG) prices for both the Sui companies by up to 1.5 percent, or $0.1938 per MMBtu, for the month of July 2023. The price of RLNG for Sui Northern Gas Pipelines Limited (SNGPL) consumers has been reduced by $0.0688 per MMBtu, while for Sui Southern Gas Company (SSGC) clients,…

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OGRA defends diesel pricecut amid industry backlash

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LPG-plant

KARACHI: The Oil and Gas Regulatory Authority (OGRA) dismissed the complaints of the oil industry over the recent reduction in diesel prices, saying the move was in line with the government’s policy guidelines. The prices of petrol and diesel have been worked out in accordance with the formula approved by the Economic Coordination Committee of the Cabinet on July 28th,…

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