Minor Damage to Pacific Zircon Oil Tanker Vessel
Eastern Pacific Shipping Pte. Ltd. (EPS) has announced that it is investigating an incident involving its managed product tanker Pacific Zircon. The company noted that preliminary reports indicate the vessel was hit by a projectile approximately 150 miles off the coast of Oman at about 15:30 (UTC +4) on November 15. The tanker was carrying a…
Adil Aziz
Petroleum prices to remain unchanged
The government has decided to keep the prices of petroleum products unchanged for second half of November 2022. Briefing media here on Tuesday, Minister for Finance Senator Ishaq Dar announced the government’s decision to keep the prices of Petrol, High Speed Diesel, Light Diesel, and Kerosene Oil unchanged for for next 15 days. The minister…
Karot project to save 1.4 Million tons coal, reduce annual emission of CO2 by 3.5 Million tons
The Karot Hydropower Project is expected to save 1.4 million tons of standard coal and reduce carbon dioxide emissions by 3.5 million tons each year, Vice General Manager of China Three Gorges International Limited (CTGI) and Chairman of CSAIL Qin Guobin. With a total installed capacity of 720 MW and an annual generating capacity of…
Policy being framed to promote indigenous solar panels manufacturing
Engineering Development Board (EDB) is in process of formulating a Solar Panel Manufacturing Policy to promote local production and meet power needs, rapidly increasing with each passing year. The solar panel manufacturing policy would be linked with national solar energy policy being prepared by Ministry of Power and Renewable Energy Task Force. The glass and…
Leading Chinese companies accept PM’s offer to invest in Pakistan’s solar, infrastructure projects
The leading Chinese companies during the official visit of Prime Minister Shehbaz Sharif to China have shown their keen interest to invest in Pakistan’s solar, water and other infrastructure projects. The prime minister invited the Chinese corporate heads to visit Pakistan and invest in the government’s comprehensive solar power project aimed at generating 10,000 mega watt electricity….
Japanese ambassador assures further invest in Pakistan’s power sector
Japanese ambassador to Pakistan Mr Mitsuhiro Wada on Wednesday said that Japan has been investing in Pakistan’s power sector and assured to further enhance investment in power sector of the country. The ambassador expressed these views in a meeting with Minister of Energy Engr. Khurram Dastgir Khan. The ambassador appreciated the government initiatives for promotion…
Saving $6 Billion on fuel imports, Thar Coal project to prove as game-changer: PM
Prime Minister Shehbaz Sharif on Monday said amid the skyrocketing fuel prices, the cheaper energy production from the Thar Coal Mines project would prove as a game-changer of development for the entire country. The Thar Coal Project, he said, could help the government save up to $6 billion as the expenditure on the import of…
NEPRA receives 12,436 consumers complaints against DISCOs in FY 2021-22
Consumer Affairs Department (CAD) of National Electric Power Regulatory Authority (NEPRA) has received a total of 12,436 complaints against various power distribution companies (DISCOs) and National Transmission Despatch Company (NTDC) during last fiscal year 2021-22. Official sources in power regulator told APP here that out of total received complaints, some 11,807 have already been disposed…
World’s airlines agree on net-zero carbon emissions by 2050: UN Agency
Member states of the International Civil Aviation Organization (ICAO) have adopted a long-term goal of net-zero carbon emissions by 2050, following two weeks of intensive diplomacy at the Montreal-based UN agency’s 41st Assembly. The goal for decarbonized air transport, which follows similar commitments from industry groups, will “contribute to the green innovation and implementation momentum,…
Projects worth billions approved by ECNEC in energy, education, communication sectors
The Executive Committee of the National Economic Council (ECNEC) here on Friday approved projects worth billions of rupees relating to energy, education, communication, food security and agriculture sectors of the country. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the ECNEC meeting. Among others, the meeting was attended by Federal Minister for…