Chairman Businessmen Group (BMG) & former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala has said that Pakistan needs to increase exports but instead it is constantly declining because of unavailability of gas to industry. “How could the government expect from exporters to deliver and compete with Bangladesh and India when they have no gas. We are capable…
Read More
Pakistan could be teetering on the brink of yet another fuel crisis. It is about time the policymakers take decisive actions that can eliminate such threats for good. A few days ago, the Oil Companies Advisory Council (OCAC), the representative body for the downstream petroleum industry, warned that a fuel shortage might occur in some regions of the country in…
Read More
Attock Refinery Limited (ARL) is likely to stop operations within the next 7-8 days due to higher stocks of Furnace Fuel Oil (FFO) as the refinery is now operating on 60 per cent capacity, which may also hit supply of J-1 to Islamabad Airport and JP-8 to Pakistan Air Force, well informed sources told Business Recorder. The main reason for the…
Read More
Policy changes and uncertainties in Pakistan have been a major bane for consumers and businesses alike. With frequently changing governments, important policies are made, changed, and scrapped just as rapidly. Solar energy, unfortunately, has not been an exception. Championed as one of the greatest assets for this country, solar energy has not been fully exploited to our benefit, nor has…
Read More
France has approved legislation that will require all car parks with more than 80 spaces to be covered over by solar panels. This is part of a wider program that will see solar panels occupy derelict lots, vacant land alongside roads and railways, as well as some farmland. This is expected to add 11 gigawatts to the French electricity grid…
Read More
The Oil and Gas Regulatory Authority (OGRA) will hear the SSGC plea for the hike in consumer tariff for Sindh and Balochistan tomorrow. The Sui Southern Gas Company has requested to the regulator for 96.36 percent hike in the gas tariff. The gas utility has asked for an increase in the gas tariff by 667.44 rupees per MMBTU. The gas…
Read More
A team of Penn State researchers have observed and reported for the first time the unique microstructure of a novel ferroelectric material, enabling the development of lead-free piezoelectric materials for electronics, sensors, and energy storage that are safer for human use. The work was led by the Alem Group at Penn State and in collaboration with research teams at Rutgers…
Read More
A seminar titled ‘Energy Saving and Efficient Use of Resources’ was organized at the Iqra University North Campus. While addressing the seminar, CEO of 3 Ray Solution, Imran Imtiaz Butt said that according to an estimate, 1.5 hours of continuous sunlight falls on the Earth, which is enough to resolve the Global Energy Crisis. He said that every second around…
Read More
The 969 MW Neelum-Jehlum hydropower project, which is non-operational since July 6, 2022 in the wake of blockage that appeared in the 3.5 kms Tail Race Tunnel (TRT), has seen an estimated damage of Rs22.50 billion (Rs2.50 bn construction cost and Rs20 billion as business loss). “The project will now come on stream by the end of February 2023. Till…
Read More
SHARM EL-SHEIKH: A fraught UN climate summit wrapped up Sunday with a landmark deal on funding to help vulnerable countries cope with devastating impacts of global warming — but also anger over failure to push further ambition on cutting emissions. The two-week talks in Egypt’s Red Sea resort of Sharm el-Sheikh, which at times appeared to teeter on the brink…
Read More
