KARACHI: In its efforts to curb the rising menace of gas theft, the Sui Southern Gas Company Ltd. has been taking strict actions against those involved in illegally obtaining gas through SSGC’s distribution lines. Recently, in a raid carried out in Zafar Colony, Quetta Cantt, 200 houses were found to be involved in gas theft without having any meters. The…
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International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday said that Pakistan is in discussions with the Fund on a potential follow-up programme to the previous nine-month $3 billion stand-by arrangement (SBA), adding that important issues remained to be solved. Georgieva told an event at the Atlantic Council think tank, that Pakistan was successfully completing its existing programme with…
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ISLAMABAD: A Pakistani oil firm has won a legal battle against a Bermuda-based company at the International Court of Arbitration, which ruled that Pakistani laws govern the Petroleum Concession Agreements (PCAs) signed in the country. The Bermuda-based company Frontier Holdings Ltd (FHL) faced defeat in a prolonged legal dispute at the International Court of Arbitration against Petroleum Exploration (Pvt) Ltd…
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Have potential to raise production from existing fields by embracing modern technology ISLAMABAD: Oil and gas exploration companies have called on the new government to formulate a policy that will offer incentives for optimising hydrocarbon production from the existing fields to ensure the country’s energy security. Sources told The Express Tribune that several oil and gas exploration companies had the…
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Under contracts, Pakistani partners will distribute 200MW of inverters BEIJING: Chint Power recently signed cooperation agreements with two photovoltaic (PV) companies for the distribution of 200 megawatts of inverters. Chint Power introduced industrial and commercial PV, ground power plant PV and energy storage system solutions at SolarEX in Turkey and reached these cooperation deals. Chint Power is a solar power…
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Market offers 7 to 15-kilowatt systems for as low as Rs 200,000 The decline in solar panel prices can be attributed to the increasing production by Chinese companies, which has flooded the global market. This oversupply has made it challenging for US and European manufacturers to compete, resulting in a significant drop in prices.According to the International Energy Agency, global…
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Karachi: In March, workers’ remittances to Pakistan soared to a two-year high of $2.95 billion, contributing to a total of $21 billion in the first nine months of fiscal year 2024. This surge in remittances is attributed to overseas Pakistanis sending higher funds during Ramadan and ahead of the Eid festival. According to the State Bank of Pakistan (SBP), remittances…
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Islamabad: The Engineering Development Board (EDB) has granted 34 licences to manufacturers of two- and three-wheelers under Pakistan’s Electric Vehicles Policy for 2020-2025, signaling a significant step towards transitioning from traditional fuel-powered vehicles to electric ones. During a webinar at the Sustainable Development Policy Institute (SDPI) titled “Pakistan’s Electric Vehicle Market: Challenges, Opportunities, and the 2030 Agenda”, Asim Ayaz, a…
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Islamabad: Consumers are set to face an additional charge of Rs4.92 per unit in the upcoming month for electricity consumed in February, as approved by the National Electric Power Regulatory Authority (Nepra). This hike, categorized as additional fuel cost adjustment (FCA), will impact consumers across all ex-Wapda distribution companies (Discos), resulting in a net financial impact of approximately Rs45 billion.…
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Karachi Port Trust (KPT) and AD Ports Group recently inked a 50-year concession deal for a container terminal at East Wharf, Karachi Port, following a similar agreement for a bulk and general cargo terminal. This collaboration, signed in June 2023, underscores a shared commitment to bolster Karachi’s status as a pivotal maritime hub. During an iftar dinner hosted by Karachi…
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