Natural gas markets have initially fallen during the trading session on Monday, but then turned around to show signs of life again. By doing so, it looks like we are simply hanging around in the same range that we have been in for a while and therefore I am not expecting much at this point in time. On signs of…
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When the first wave of the pandemic hit Pakistan, the economic policymakers were worried about the contraction in economic activities and uncertainties accompanying the closures and lockdowns announced by the government. Various incentives were provided to different sectors in order to ensure that the impact of the Covid-19 shock was minimised. Economic indicators turned favourable after the initial shock. The…
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Special Assistant to the Prime Minister on Climate Change Malik Amin Aslam said the European Union (EU) had agreed to provide 250 million euros to Pakistan for assisting its clean energy transition and nature-based ecosystem solution project. Speaking at the inaugural ceremony of a solar-based water filtration plant and later addressing a public meeting in Manoonnagar area of Hassanabdal, Mr…
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Russia’s Yekaterinburg hosted the 7th meeting of the Russian-Pakistani Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation on November 24–26, 2021. Chaired by Omar Ayub Khan, Pakistan’s Minister for Economic Affairs, and Nikolai Shulginov, Russia’s Minister of Energy, the meeting was attended by around 70 policy makers, heads of key industrial companies and businessmen from both sides, marking a significant…
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Pakistan is energy insecure. Our national security and our energy security are linked – deeply linked. To be certain, energy security continues to be the most neglected dimension of our national security. For the record, the energy sector will make or break Pakistan’s economy. For the record, the energy sector’s management, particularly the sector’s exploding circular debt, will make or…
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It was the key finding of a study, titled ‘Impact of Rising Temperature on the Health of Women Farm Workers’, recently conducted by the Sindh Community Foundation, a rights-based organisation. The study discusses initial evidence of the impact of climate change on human health, specifically women cotton pickers. According to the study, deforestation is one of the leading factors causing…
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The IEA’s Coal 2021 report shares worrying insights for India. The global power generation from coal is expected to take a leap by 9% in 2021, after consecutively falling in the previous two years. An all-time high of 10,350 terawatt-hours is the demand so far. India is the second-largest producer, consumer and importer has received a special attention in the…
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The officials and workers of Compressed Natural Gas (CNG) association on Friday carried out protest outside the head office of Sui Southern Gas Company (SSGC) in Karachi against the prolonged gas supply suspension. The protesters chanted slogans against the government and expressed their determination to continue sit-in till the restoration of gas supply to the pumps. They said that they…
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Federal Energy Minister Hammad Azhar said on Friday that the government would not supply imported Liquefied Natural Gas (LNG) to domestic gas consumers on lower rates. Addressing a news conference, the minister said that 10 to 11 cargos of LNG were tenders to meet the demand, but since the LNG prices had gone up on the international market the imported…
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Federal Minister for Economic Affairs Omar Ayub Khan acknowledged on Friday the receipt of $300 million from the Asian Development Bank (ADB) for energy sector reforms. The development comes after Pakistan and the ADB signed six financing loan agreements worth $1.544 billion. Apart from the energy sector, the funds received will also help strengthen foreign exchange reserves and stabilise the…
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