KARACHI: Fed-up with the continual liquefied natural gas (LNG) suppliers’ default under one pretext or the other, Pakistan is considering to claim damages from the Italy-based ENI and Swiss Gunvor for their failure to meet their contractual obligations, depriving the country of essential fuel supplies. This would be in addition to the 30 per cent … Read more
KARACHI: The energy sector’s circular debt has ballooned to Rs2.47 trillion threatening to slash the country’s gross domestic product (GDP) growth potential despite a number of policy stimulus provided by the government. With the latest increase in the rates of petroleum products and the expected hike in the electricity tariff, the crippling power sector debt … Read more
KARACHI: Pakistan is facing a severe energy crisis that has affected all the sectors of the economy, with parts of the country experiencing unannounced hours long power outages on a daily basis. The country generates its power from an energy mix that includes oil, natural gas and liquefied natural gas (LNG), coal, renewable resources, including … Read more
