TUSDEC (Technology Upgradation and Skill Development Company) has celebrated its tenth anniversary on the completion of its first decade of existence. During the course, it has fulfilled its strategic commitments to upgrade technology and skills of various industrial sectors in order to connect Pakistan to the global value chain. It has emerged as an epitome project management and implementation agency and has implemented projects worth Rs3 billion for the …

  Almost 40 percent of the world oil supply and price is controlled by the largest cartel in the world i.e. OPEC (Organization of the Petroleum Exporting Countries). Being an export commodity, GDP of exporting nations is defined through the price of oil, subsequently budgets and expeditions are finalized. It is in vested interest of OPEC nations to keep oil prices high. There have been numerous instances where OPEC has …

  A Gulf Times news article opens with the following lines; ‘Sharp decline in global energy prices appear to have taken a heavy toll on Qatar, whose trade surplus shrank considerably in January this year as exports plummeted amid rising imports, according to official figures. The trade surplus of energy-major Qatar, which is fast powering its non-hydrocarbon segments as part of diversification, plummeted 48.3% year-on-year to QR18.54bn on substantially lower …

  At present 50 percent of world’s electricity is being generated from coal and it is the one largest contributor to world electricity generation. By looking at the electricity generation mix of the countries that are blessed with coal, it is evident that coal is the largest contributor. It has been estimated that there are above 847 billion tonnes of proven coal reserves throughout the world. It is anticipated that …

  LNG — A new addition to Pakistan’s energy basket The energy regime to witness a new era of Liquefied Natural Gas (LNG) providing the much sought after relief from the mounting pressure of rising demand for natural gas in Pakistan with the arrival of the floating storage and re-gasification vessels arrives at Port Qasim on March 10, 2015. The private sector has played a significant role in materializing this …

  The Province of Khyber Pakhtunkhwa is rich in Oil and Gas reserves and huge deposits of oil &gas have been discovered in southern belt of the Province, including district Kohat and Karak. Khyber Pakhtunkhwa has opened new avenues of economic development in the province through the exploration of its indigenous oil and gas reserves. Due to the enabling environment created by the Government of Khyber Pakhtunkhwa through KPOGCL, a …

  Over 60 percent of export earnings go on oil imports Economy always threatened by ever-rising circular debt Whatever the economic status of Pakistan may be the fact remains that the economy is heavily suffered because of centuries old power generation mechanism based on oil-fired system impairing its export benefits as more than 60 percent of export receipt had to spend on import of oil leaving a little for socio-economic …

  Pakistan a nation with sized land area, population and economy. The country has lots of sun with density higher than many of the Asian countries. The country is facing a huge problem of energy, which has affected both the agriculture and the industry. With shortage of funds and lack of knowledge in the energy sector, too much of the bureaucratic thinking has caused lots of frustration among the people …

  Thar coal key to resolve future energy needs of the country Realizing the pinch of acute energy shortages, the present government has assigned top priority to different energy projects both in the public and private sector under Pakistan-China Economic Corridor package. Responding to the government policy, Engro Powergen Limited (EPL) signed a joint venture agreement with China Machinery Engineering Corporation (CMEC) for development of 2 x 330 MW coal …

  Becoming an operator of Gwadar Port, China is consistently increasing its stakes in Gwadar, a strategically located port city in southern Balochistan. The port has been built with Chinese assistance of more than $220 million and over $66 million has been contributed by the Pakistan authority. The port has full potential to become one of the most user, and trade-friendly ports of the world with its 4.7-kilometres long and …