Karachi: In a concerning trend, the prices of solar panels in Pakistan have witnessed a significant uptick, with costs escalating from a previous range of 75,000 to a staggering 300,000 rupees. This surge, according to industry insiders, can be attributed to a confluence of economic variables and governmental policies.The steady increase in solar panel prices has caught the attention of…
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London: British energy giant Shell has forecasted a significant increase in global demand for liquefied natural gas (LNG), estimating a rise of over 50 percent by 2040. This surge in demand is primarily attributed to China’s transition away from coal. According to a report released by Shell, while natural gas demand has already peaked in certain regions, it continues to…
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Islamabad: Members of the Senate Standing Committee on Finance expressed strong criticism on Wednesday regarding what they described as a significant and burdensome increase in electricity and gas bills. During the committee’s proceedings chaired by Senator Saleem Mandviwala, members voiced their concerns one after another, highlighting the unusual surge in bills despite the installation of solar panels. Senator Sadia Abbasi…
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The prices of petrol and high-speed diesel (HSD) are anticipated to increase by Rs4-11 per litre for the next fortnight, starting from February 16. This hike is attributed to higher international prices and import premiums, offsetting the impact of a minor exchange rate gain. Sources familiar with the matter revealed that both petrol and HSD experienced an uptick in international…
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Under pressure to meet the February 15 deadline set by the International Monetary Fund (IMF), the caretaker government in Islamabad allowed for an additional up to 45 per cent increase in the natural gas tariff, effective from February 1. This decision was made during a meeting of the Economic Coordination Committee (ECC) of the Cabinet chaired by Caretaker Finance Minister…
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