Waning foreign direct investment has not been the only concern for the hydrocarbon exploration and production sector; local investors have also been weary because of the decline in domestic production of hydrocarbons and smaller discoveries – of both crude and natural gas – amid falling reserves. And this could very well be a disincentive for foreign investors.
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China has announced in international fora that it won’t finance any coal power plant project outside of China anymore. This has sent shockwaves among stakeholders in Pakistan, who were counting on technology and finance from China to utilise the huge Thar coal deposits of 185 billion tons. China has already built a 660-megawatt power plant in Thar and is in…
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According to a recent report released by PRIME, state-owned electricity distribution companies (DISCOs) have caused a cumulative loss of Rs1,355 billion over the last five years. This includes the loss due to failure in bill recoveries (Rs495 billion), financial loss due to transmission and distribution loss (Rs195 billion), and tariff differential subsidy (Rs708 billion) over 2016-2020. This should not be…
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In a new development, the name of Haroon Rashid is being tipped as new Special Assistant to Prime Minister (SAPM) on Petroleum as the government’s top decision makers have invited him to Islamabad for interview purposes. Top sources, who are privy to the development, told The News that Haroon Rashid being Energy business leader with extensive global experience has also…
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Thar Coal is $5.5/MMBTU as we all know, but it’s cost will decrease. NG local is prescribed price of Natural Gas which is Well Head WACOG of both Suis (Avergae of SNGPL WACOG and SSGC WACOG of local gas) plus revenue requirement. It is determined twice one year whereas Petroleum products are determined every month this is one of structural…
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CNG sector may collapse this winters, I deem. In hindsight, it was a very a foolish decision to introduce CNG. Though we have the infrastructure but we are short to the market, where are the supplies. Had UGDC given go ahead earlier they signed very good deal with ExxonMobil. Lost opportunity
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The National Electric Power Regulatory Authority (Nepra) has issued a total of 8,417 net-metering licences with the accumulated capacity of 146MW during FY21. The growth of distributed generation in Pakistan reveals a very steep positive trend line; from 1MW in 2016 to 3MW in 2017, 10MW in 2018 and then a sudden big jump in 2019 with the addition of…
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The Lahore Chamber of Commerce & Industry on Saturday urged the State Bank of Pakistan to make appropriate market interventions to stop the dollar flight as it is adversely impacting a number of important sectors of our economy. In a statement, President of the Lahore Chamber of Commerce & Industry Mian Nauman Kabir, Senior Vice President Mian Rehman Aziz Chan…
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British High Commissioner Dr Christian Turner has been visiting Karachi to launch the race to get 26 companies operating in Pakistan to commit to net zero emissions by 2050. So far 12 companies in Pakistan are committed – including one after meeting the High Commissioner on his visit. With one month to go until the COP 26 global climate change…
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Capital is inherently craven and it’s cowardice is evident from the fact that it is only drawn to places where there is the clarity of law, where the society and the rulers rest on a body of law, where there is accountability on behalf of the government. Capital in this globalised world…will go to where it is going to be…
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