Pakistan and Iran on Wednesday agreed to explore new avenues of collaboration in the fields of aviation including direct flight, revival of gas pipeline project and expansion of trade between the two nations.
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Pakistan Keen to Pay For Russian Oil Imports With Chinese Yuan
Pakistan has placed an order for a single cargo of Russian oil, but is keen for a long-term deal to buy the crude in Chinese currency, according to the country’s power minister.The payment for the first shipment has been made in US dollars but Pakistan would like further purchases to be in made in yuan,
Read MoreSolis Launches S6 Advanced Power Hybrid Inverter with Impressive Features and Functionality
Solis, a global leading manufacturer of solar & energy storage solutions, has announced the launch of their latest product, the S6 Advanced Power Hybrid Inverter. With an emphasis on generator connectivity and multiple input methods, the S6 offers automatic UPS switching and up to 10 seconds of 200% surge power backup overload capability. One of the unique features of the…
Read MorePrime Electricity Users: APTMA Seeks New Power Tariff Structure
All Pakistan Textile Mills Association (APTMA) has sought new power tariff structure for prime electricity users considering their specific needs and constraints after the government severed concessional tariff for the textile industry as a prior condition of still stalled ninth review of International Monetary Fund (IMF).
Read MoreThar coal a promising solution to Pakistan’s energy woes
Thar Coal Power project will help Pakistan generate energy at a much lower cost, and this would be a game-changer for the country’s overall development, said Shamsuddin Shaikh, former CEO of Sindh Engro Coal Mining Company, while talking to WealthPK.
Read MorePakistan, US to Develop Green Energy Roadmap
Minister of State for Petroleum Musadik Masood Malik on Monday discussed with senior US officials ways to enhance productivity in the energy sector,
Read MoreGermany Announces €163m Aid for Pakistan
German Parliamentary Minister for Economic Affairs Niels Annen on Tuesday announced economic assistance worth 163 million euros for Pakistan.
Read MoreKE’s Mounting Losses Are Merely A Blip
K-Electric Ltd CEO Moonis Alvi said on Tuesday the unusually high loss that the vertically integrated power utility recorded in the first nine months of 2022-23 constitutes no more than a “blip” in the long run.
Read MoreMore Iranian Fuel Being Smuggled to Pakistan, Petroleum Dealers Say
Petroleum dealers have flagged a surge in the smuggling of Iranian fuel to Pakistan, saying that up to 35 percent of diesel sold in the South Asian country has arrived illegally from Iran, the Pakistan Petroleum Dealers Association (PPDA) told Reuters on Tuesday.
Read MoreGovt Seeks Anti Smuggling Report of POL Products
Amidst the unabated smuggling of Iranian diesel, the Ministry of Interior recently sought a month-wise seizure report of smuggled petroleum, oil and lubricants from the Federal Board of Revenue (FBR).
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