New Delhi, April 14 (IANS) The March Economic Outlook prepared by the Finance Division of the Pakistan Government has stated that oil markets remain on tenterhooks, multiple supply outages have heightened crude markets, while geopolitical tensions between Iran and the US have intensified. As a result, oil markets remain volatile, according to an article in the Karachi-based Business Recorder.On March 30, the IMF stated that in the Middle East and South Asia, already meagre reserves and limited m…
Latest Karachi-based Business Recorder News & Updates
New Delhi, April 3 (IANS) Pakistan’s LNG supplies are expected to fall to near zero from next month, removing a source that contributes more than one-fifth of total power generation, while coal availability is also under pressure, jointly affecting close to 30 per cent of supply, an article in the local media said.The fallback option, furnace oil, comes at a steep cost, with generation expenses significantly higher than gas or coal-based alternatives. These are structural shocks that no policy…
New Delhi, Jan 23 (IANS) Pakistan’s National Electric Power Regulatory Authority (Nepra) has released a damning report on the performance of the country’s power sector.Nepra noted that distribution companies continued to suffer from poor governance with transmission and distribution losses exceeding allowable limits, low bill recovery and load-shedding based on Aggregate Technical and Commercial losses. Reference was also made to Debt Service Surcharge sourced to poor governance of the power…