SECMC owes $60 million in payments to CMEC, a vendor of SECMC for coal mining in Thar Block II. SECMC has been unable to clear the dues since May 2022 due to LC restrictions. Even a letter from Sindh’s Power Minister Imtiaz Sheikh has failed to wake the policymakers on this critical matter, sources familiar with the matter revealed. Sources…
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Saudi Economy Edging Closer to Reducing Dependence on Oil: IMF Official
Government-led reforms and the growth of private investment in new sectors will help support non-oil economic growth in Saudi Arabia amid an expected sharp slowdown in overall growth this year, a senior International Monetary Fund (IMF) official said. The Saudi economy grew 8.7 per cent last year,
Read MorePetroleum Sales Halve in April as Inflation Bites
Pakistan’s overall oil sales plunged 47 per cent year-over-year to 1.171 million tonnes in April, while the total sales shrank by 24pc to 13.970m tonnes in the July-April period of FY23.
Read MoreESP, Budget – The Missing Focus
Economic Survey of Pakistan is a yearly flagship publication of the Ministry of Finance which highlights the trend of macro-economic indicators, development policies, strategies, as well as sectoral achievements of the economy.
Read MoreOil Sector Seeks Rs12/Litre Marginon Diesel Petrol
Pakistan’s oil industry has looked for Rs12/liter edge on high velocity diesel (HSD) and Mogas (petroleum) for oil promoting organizations (OMCs) considering the significant expense of business, which has made monetary difficulties.
Read MoreOil Sales Drop by Nearly Half in April Amidsteconomic Slump, Smuggled Iranian Products
Oil deals plunged an enormous 46 percent in April this monetary contrasted with that very month of the keep going monetary year essentially on financial log jam and pirated Iranian oil based commodities.
Read MoreSenate Committee Informed Around 30m Litres of Iranian Oil Entering Pakistan Illegally Daily
Senator Anwarul Haq Kakar informed the Senate Standing Committee on Finance on Wednesday that around 20-30 million litres of Iranian oil were being smuggled into Pakistan every day.
Read MoreThe Highly Recommended Offshore Wind Comprehensive Online Course is now Open for Registration
A business-focused training designed to provide business developers and investors with an accessible, concise, and comprehensive understanding of the processes and risks involved in creating these capital-intensive and lengthy projects.
Read MoreMark Your Calendar: Fresh Dates Announced for CCUS Online Masterclass
Attendees will leave with a clearly explained and independent perspective on how, where and why CCUS is happening now and could grow in future – covering the range of technological solutions and business drivers, including policy. In addition to reviewing existing CCUS approaches,
Read MoreUpdated Schedule Now Live for Dispatchable & Flexible Solar Power Online Workshop
A business-focused training course designed to provide business developers with an accessible and concise, yet comprehensive understanding into how advanced utility-scale solar power projects are providing greater value to the industry, its investors and energy system planners alike.
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