Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials say, as the US-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand. Asia spot LNG prices have doubled to three-year highs in the second major supply shock in four years, as shipping through the Strait of Hormuz has
Saif Power Company Limited (SPL), which owns a 225MW power plant, has sought support from Central Power Purchasing Agency (Guarantee) Limited (CPPA-G) for the release of its pending sales tax refund from the Federal Board of Revenue (FBR). In a letter to the Chief Executive Officer of CPPA-G, the Chief Financial Officer of SPL referred to the Power Purchase Agreement (PPA) dated April 30, 2007,
Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan and Chairman Policy Advisory Board FPCCI, today expressed grave concern over the escalating conflict between the United States, Israel, and Iran, warning of an unprecedented global energy shock that could derail Pakistan’s fragile economic recovery
Fauji Fertilizer Company Limited (FFC) successfully held its 48th Annual General Meeting on March 16, with a quorum of 59 percent achieved through a combination of in-person attendance, video conferencing and proxy representations. The AGM drew participation from a broad cross-section of shareholders, including individual investors as well as prominent institutional shareholders such as Fauji F
Newly-appointed Chinese Consul General in Lahore Sun Yan has said that Pakistan and China are jointly moving towards an upgraded phase of cooperation under CPEC 2.0, which will focus on critical sectors such as industry, agriculture and mining, while emphasizing that human capital equipped with Chinese language skills will be essential for unlocking the full potential of bilateral trade and invest