Tribune
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Energy conservation and efficiency | The Express Tribune
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[ad_1] ISLAMABAD: There is a saying that the energy conserved is better and cheaper than the energy produced or purchased. It is truer today than earlier times due to rising energy prices, supply uncertainties and climate effects. In the West, the movement for energy conservation, efficiency, self-reliance and renewable energy started in the backdrop of…
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Ukraine crisis and inflation | The Express Tribune
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[ad_1] KARACHI: Covid and its various strains showed the impact of globalisation and the butterfly effect in action. With the world becoming a global village, supply side disruptions caused their impact across borders and continents. The real face of capitalism emerged as producers stockpiled raw material and build reserves to ensure that the supply chain…
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Pakistan ‘cheapest’ country, says Tarin | The Express Tribune
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[ad_1] Days after the government increased the prices of petroleum products by up to Rs12, Finance Minister Shaukat Tarin on Sunday shared a table from a crowd-sourced database, Numbeo, claiming Pakistan to be one of the “least costly” countries across the globe. The table titled ‘The Cost of Living Index by Country 2021 Mid-Year’ showed…
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Rs6.10 power tariff hike on the cards | The Express Tribune
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[ad_1] ISLAMABAD: Power tariff is likely to increase by Rs6.10 per unit on account of fuel cost adjustment (FCA) for the month of January this year as the National Electric Power Regulatory Authority (Nepra) will hear an application filed by the Central Power Purchasing Agency (CPPA-G) on February 28. In its application, the CCPA-G has…
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Govt eyes people’s gold to increase forex reserves | The Express Tribune
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[ad_1] ISLAMABAD: The government is considering a proposal to borrow gold biscuits and bars from the people to increase foreign exchange reserves that remain on a sliding path despite taking over $5 billion loans in the past three months from bilateral and multilateral creditors. The proposal has been discussed in the Economic Executive Council (EEC)…
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CCOE considers discounting tariffs of IPPs | The Express Tribune
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[ad_1] ISLAMABAD: The Independent Power Producers (IPPs), that have installed energy plants under the China-Pakistan Economic Corridor (CPEC), have opposed the terms of revised agreements to reduce the rate of return. The stalemate between the government and wind IPPs continues as well due to hurdles arising from involvement of from multilateral donors. The government has…
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Pakistani engineers aiding tech transfer | The Express Tribune
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[ad_1] ISLAMABAD: Pak Matiari-Lahore Transmission Company (PMLTC) is employing Pakistani engineers for smooth transfer of technology under the project agreement, CEO Zhang Lei said on Friday. Her comments came while speaking to National Electric Power Regulatory Authority (Nepra) Chairman Tauseef Farooqi during his visit of the converter station of Pakistan’s first ever high voltage direct…
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Sindh set to challenge Wacog bill | The Express Tribune
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[ad_1] ISLAMABAD: The government of Sindh is set to challenge a bill passed by the Senate to implement weighted average cost of gas (Wacog), citing that it will raise the prices of indigenous gas for the consumers of gas producing provinces. Earlier in December 2020, the federal government held a consultative session with provinces to…
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Stocks fall in tumultuous week | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange experienced a tumultuous week marred by escalation of Russia-Ukraine unrest, spike in oil prices and rise in trade deficit. As a result, the KSE-100 remained volatile and slid 404 points or 0.9% to close at 45,676 level. “Major reason for the negative momentum this week was higher oil prices…
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Canadian govt to stop funding oil pipeline | The Express Tribune
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[ad_1] CALGARY: Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company behind the project said costs had surged 70% to C$21.4 billion ($16.8 billion). Trans Mountain Corp (TMC) also delayed the finishing date of the expansion by a further nine months, dealing…
