ISLAMABAD, Oct 4 (APP): Caretaker Minister for Energy Muhammad Ali has spelled out the government strategy to meet the future oil and gas needs in an efficient manner by stepping up hydrocarbon exploration activities in potential areas across the country. “We are coming up with a policy for tight gas, policy for shale gas, we have already announced bids for…
Read MoreDay: October 4, 2023
Renewable energy benefits: Leveraging local capacity for small-scale hydropower
In the pursuit of a sustainable energy future, small-scale hydropower is emerging as a transformative force with the potential to revolutionise the energy landscape while strengthening local capacities and capabilities. This new comprehensive study focuses on the entire value chain of small-scale hydropower, from production and installation to operation. It highlights the critical role of human resources and skills, enabling…
Read MorePetroleum sales fall to 44-month low
Record high prices drive down oil demand to 1.06m tons in Sept KARACHI: The demand for petroleum products in Pakistan hit a 44-month low at 1.06 million tons in September 2023, primarily due to a surge in prices in line with global uptrend. Topline Research analyst Myesha Sohail, in a commentary, said sales of petroleum products declined to the lowest…
Read MoreSpecial forensic audit of SSGCL, Pesco, Hesco ordered
ISLAMABAD: Finance Division has directed the authorities to conduct special forensic audit of Peshawar Electric Supply Company (PESCO) and Hyderabad Electric Supply Company (HESCO). At a recent meeting presided over by the caretaker Finance Minister, Dr Shamshad Akhtar, it was decided to conduct special audit of SSGCL, PESCO and HESCO. Power sector quagmire: Implementation of 3-pronged strategy begins Finance Division…
Read MoreSolar panels import scam: FBR, SBP heads to brief Senate panel today
ISLAMABAD: Chairman Federal Board of Revenue (FBR) and Governor State Bank of Pakistan (SBP) will brief Senate Standing Committee on Finance today (Wednesday) on the various reports with regard to massive money laundering by solar panel importers. A meeting of the Standing Committee on Finance and Revenue will also be given briefing on the effectiveness of solution of political exposed…
Read MorePakistan expects $10bn refinery deal with S Arabia this year
ISLAMABAD: Pakistan is expecting finalisation of the much-awaited $10 billion deal with Saudi Arabia’s oil giant Aramco for the construction of a refinery at Hub within the ongoing calendar year 2023, it was learnt. The Special Investment Facilitation Council (SIFC), jointly run by the military and civilian side, is also contemplating options to secure around $7 billion from Saudi Arabia,…
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