Meeting reviews electricity demand in Gwadar Free Zone
Minister for Planning Development & Special Initiatives Ahsan Iqbal has asked the China Overseas Ports Holding Company Ltd (COPHCL) to provide the exact demand of the electricity for Gwadar Free Zone and share a ten-year plan for electricity consumption by Gwadar Free Zone Company in order to establish the electricity utilization of 300 MW coal-fired…
Adil Aziz
Agri-loans worth Rs 663.9 billion released, disbursements to reach Rs 800 billion by end December
Minister for National Food Security and Research Tariq Bashir Cheema said agriculture loans worth Rs 663.9 billion were released during the month of November 2022 and it was expected that the loan disbursement would reach Rs 800 billion by the end of the current month (December). Addressing a press conference, he said that the agriculture…
NetLine First Company in Pakistan to receive a 4.5 million USD valuation in the Energy sector
Family Based Solar Business, NetLine raises funds at a 4.5 million USD valuation Intermarket securities, a leading brokerage firm, confirmed a 4.5 million USD valuation for NetLine, a family-owned business in the energy and power sector. NetLine is known as one of the pioneering businesses in the field of solar and UPS (uninterruptible power supply)….
Pakistan’s energy sector needs up to $155 Billion investment until 2030: Report
Pakistan’s energy sector needs investments ranging from US$62 billion to US$155 billion until the 2030, according to a report titled “CAREC Energy Outlook 2030” recently released by the Asian Development Bank (ADB). “The energy investment needs until 2030 vary significantly across the three scenarios, with estimates ranging from $62 billion to $155 billion. The most…
‘Approaching 100 Starlinks active in Iran’: Elon Musk
The satellite-based broadband service could help Iranians circumvent the government’s restrictions on accessing the internet and certain social media platforms amid protests around the country SpaceX Chief Executive Elon Musk said on Monday that the company is now close to having 100 active Starlinks, the firm’s satellite internet service, in Iran, three months after he…
Southwest Storm Chaos to Continue as Flight Schedules Slashed
Operational woes mount even as rivals’ travel snarls ease DOT pledges to look into ‘unacceptable’ rate of cancellations Southwest Airlines Co. expects the flight chaos caused by the massive winter storm that battered the US to continue for at least another few days as the government questioned whether the airline is complying with its customer…
Oil rises in thin trade on concerns over US storm impact
OIL prices rose in light trade on Tuesday on concerns that winter storms across the United States are affecting logistics and production of petroleum products and shale oil. Brent crude was up 73 cents, or 0.9 per cent, at US$84.65 a barrel by 0122 GMT, while US West Texas Intermediate crude was at US$80.41 a…
KE seeks Rs 7 per unit relief for customers For November’s FCA
For the month of November, K-Electric has filed a petition for a reduction in FCA at the rate of PKR 7.04 /kwh (per unit) NEPRA will conduct a public hearing today over the petition submitted by K-Electric on account of Fuel Charges Adjustments (FCA) for November 2022. November’s FCA was lower primarily due to a…
Pakistan, Uzbekistan agree to implement PTA from Feb 1
Federal Minister for Commerce Syed Naveed Qamar said that the Preferential Trade Agreement (PTA) between Pakistan and Uzbekistan would be implemented from February 1, 2023. Today, during the visit of Deputy Prime Minister/Minister of Investment and Foreign Trade Khodjaev Jamshid Abdukhakimovich, a Memorandum of Understanding (MoU) for the implementation of the bilateral agreement was also…
Spotify’s EQUAL Ambassador for December, Shae Gill shines on a digital billboard at Times Square NYC
Shae Gill: Spotify Wrapped Most Streamed Pakistani Female Artist and EQUAL Ambassador for December From her debut to becoming a household name through Pasoori, Shae Gill’s musical career is worthy of the global acclaim it has received Nearing a year of celebrating astounding women artists, Spotify’s EQUAL Pakistan announced the voice behind ‘Pasoori’, Shae Gill…