After months long delay in the revival of International Monetary Fund (IMF) programmed Pakistan now aims to address the concerns raised by the Washington-based lender before implementing the proposed fuel subsidy plan, Bloomberg reported Tuesday.
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Suspension of Mobile Broadband Telecom Operators Lose Rs820mn, Source Says
Following the suspension of mobile broadband services in Pakistan on Tuesday, telecom operators have so far reported a loss of Rs820 million, with the government losing around Rs287 million in tax revenue, a source in the telecom industry told Business Recorder.
Read MoreChina Is Coming Out Of The Shadows To Defend Its Oil Interests
Given the high stakes geopolitical game in which the world finds itself following Russia’s invasion of Ukraine last year, it would be naïve to be believe that anything as high-profile as Iran’s seizure of oil tankers in and around
Read MoreOil Price Volatility Will Only Get More Extreme
Concerns about the economy and new banking sector jitters have sent oil traders rushing for the exits and cutting their bullish bets on crude oil again. As more speculators leave the market – with open interest in U.S. crude oil futures at its lowest in three years – prices are set for more extreme volatility.
Read More14,000 Inactive Oil & Gas Wells In U.S. Unplugged
A study published in Nature Energy on Monday has revealed that the U.S. Oil Patch is home to tens of thousands of inactive offshore oil and gas wells that remain unplugged, posing the risk of possible leaks into the ocean.
Read MoreAlberta Wildfires Take 145,000 Bpd Of Oil Off Market
More than half a dozen Canadian oil and gas companies including Paramount Resources (OTCPK:PRMRF), Crescent Point Energy Corp. (NYSE:CPG), Vermilion Energy Inc. (NYSE:VET), Pipestone Energy Corp. (OTCPK:BKBEF), Kiwetinohk Energy Corp. (TSX:KEC:CA),Tourmaline Oil Corp. (OTCPK:TRMLF) and Cenovus Energy Inc.
Read MoreACJCE Warns Against Potential Rise In Thar Coal Power Costs
Alliance for Climate Justice and Clean Energy (ACJCE) has questioned the Sindh Engro Coal Mining Company (SECMC) petition for determination of contract stage tariff, which could make Thar coal power expensive, thus killing its purpose of cheap energy for end consumers.
Read More200,000 Rural Homes To Be Solar Powered by 2024, PA Told
A programme of the Sindh government to use solar power for energising some 200,000 off-grid homes in the rural areas with the assistance of the World Bank would be completed by 2024, the provincial assembly was informed on Monday.
Read MoreFauji Fertilizer’s Four-Week Power Outage Likely to Impact Urea Production
Fauji Fertilizer Bin Qasim Limited (FFBL) announced a power outage that is expected to last for over four weeks. In a letter to the PSX, Company Secretary Brig Khurram Shahzada shared that the FFBL’s power supply from FFBL Power Company Limited (FPCL) has been disrupted due to a technical issue.
Read MoreK-Electric Requests to Extend Term of its Distribution Licence for Another 20 Years
The distribution licence of K-Electric Limited (KEL) and its exclusivity is due to expire on July 20, as the company has sought 20 years extension in the terms of its licence. K-Electric Limited (KEL) has requested to extend the term of its distribution licence for another period of 20 years (up to July 20, 2043) in line with
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