energy
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Miseries of energy consumers continue to mount | The Express Tribune
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[ad_1] ISLAMABAD: The year 2023 brought unprecedented pain to consumers as energy prices went sky high with no imminent relief in sight. The government jacked up prices of electricity, oil and gas to historic highs, fuelling a wave of inflation that sent prices of goods, particularly food items, soaring. To add to the woes, the…
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LUMS energy report sheds light on inefficient practices | The Express Tribune
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[ad_1] LAHORE: In a significant development, the Lahore University of Management Sciences’ (LUMS) Energy Institute (LEI) has released a pioneering report titled “Sustainable Architecture: Advancing Energy Efficient Buildings.” The report, presented at a ceremony attended by policymakers, regulatory bodies, and key stakeholders, addresses Pakistan’s pressing energy challenges and proposes innovative solutions for the construction sector.…
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Energy imports drop 13% to $1.42 billion in Nov | The Express Tribune
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[ad_1] KARACHI: Pakistan experienced a 13% decline in overall energy imports, reaching $1.42 billion in November 2023, shedding light on subdued demand for petroleum, oil, and gas products. Economic activities remained lacklustre due to sluggish growth, and the recent surge in product prices has hampered purchasing power across various sectors. The diminishing demand for products,…
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The fallacy of competitive energy rates | The Express Tribune
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[ad_1] While export subsidies may offer temporary relief to certain sectors, they come at a high fiscal and opportunity cost, distorting the economic landscape. photo: file ISLAMABAD: The interim government, in its recent policy move, opted to increase gas prices while rejecting the idea of eliminating subsidies for exporters. Export subsidies have been a contentious…
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Oil prices fall amid US production, China energy concerns
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[ad_1] An oil plant located in the United States. — AFP/File In response to indications of increased production in the US and prospects of poor energy demand in China, investors in New York responded by sending oil prices down more than $3 a barrel on Thursday, prolonging losses from the previous session. Brent futures had…
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KE plans ambitious 640MW renewable energy initiative | The Express Tribune
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[ad_1] ISLAMABAD: K-Electric (KE), the primary electricity provider for Karachi, is advancing a strategic renewable energy plan that could reshape the city’s power landscape. The company has taken significant steps towards adding 640MW of renewable capacity to the local grid. KE’s revised Requests for Proposals (RFPs) submitted include four renewable energy projects, all in line…
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‘Pakistan to focus on indigenous, renewable energy sources’ | The Express Tribune
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[ad_1] ISLAMABAD: In a meeting with the Ambassador of China to Pakistan, Jiang Zaidong, Caretaker Federal Minister Muhammad Ali conveyed Pakistan’s commitment to shaping its future energy landscape with a strong emphasis on indigenous and renewable sources. The minister highlighted the potential areas for collaboration between China and Pakistan, citing renewables, transmission networks, and DISCOs…
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Denmark’s help sought for boosting renewable energy | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has sought support of Denmark for boosting the share of renewable energy to 40% in the next two years under the National Electricity Plan 2023. In a meeting between Interim Minister of Energy Muhammad Ali and Danish Ambassador Jacob Linulf at the Power Division on Monday, the updates on the Danish Energy…
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What risks does Israel-Hamas war pose to global energy sector?
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[ad_1] People standing on a rooftop watch as a ball of fire and smoke rises above a building in Gaza City, Oct. 7, 2023 during an Israeli airstrike that hit the Palestine Tower building. — AFP Israel and Hamas’s increasing confrontations might put additional strain on the world’s oil and gas supplies, which have already…
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How to reduce people’s misery in energy sector | The Express Tribune
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[ad_1] ISLAMABAD: It does not require any elaboration that people are suffering from high inflation, especially in the energy sector. There are both supply and pricing issues. It is also known that heavy currency devaluation and international commodity crisis in the context of Ukraine conflict have, in large part, contributed to these problems. The problems…
