ISLAMABAD: As provinces refuse to bear the cost of subsidised liquefied natural gas (LNG) supply to two fertiliser plants, the caretaker government has put a burden of Rs17 billion on domestic consumers. The provinces want full recovery of LNG cost from the farmers. The Petroleum Division was of the view that the continuation of re-gasified LNG supply at Rs1,239 per million British thermal unit
ISLAMABAD: Pakistan’s ambitious renewable energy plans need to be coupled with close attention to addressing the system’s constraints to reduce the volume of unserved energy on the one hand and accommodate the intermittency of renewable energy on the other. This was the consensus reached at a webinar titled “Emerging trends in Pakistan’s renewable energy sector: Charting the agenda for 2030 and
UNLESS things have gone horribly wrong, Pakistan should be getting a new prime minister very soon after the National Assembly session today. The new prime minister should know what awaits him as he enters office. Here is a brief rundown. The economy has stabilised since Shehbaz Sharif was last prime minister. In his closing days, he managed to get the country onto a short-term Stand-by Arrangem
INTERNATIONAL ratings agency Moody’s decision to keep Pakistan’s long-term credit rating unchanged at Caa3, with stable outlook, is reflective of the poor standing of a cash-strapped nation in global financial markets. The rating indicates a higher probability of default and a greater degree of investment risks amid weak debt affordability. It also takes into account Pakistan’s low growth rate
ISLAMABAD: Moody’s Investors Service on Tuesday kept Pakistan’s ratings unchanged at ‘Caa3’ with a stable outlook but highlighted that significantly high risks of liquidity and external vulnerability challenges following highly controversial elections, severely constrained decision-making capacity of the coalition government-in-waiting. The international rating agency — one of the top three glo