Central banks around the world have slashed interest rates, though perhaps none as aggressively as State Bank of Pakistan (SBP). According to a recent report by Bloomberg, Pakistan has cut its interest rates the most this year, out of a survey of nine countries, including the US, Peru, South Africa, Turkey and Ukraine. Coronavirus has created ‘unique’ challenges for a monetary policy due to its non-economic origin. In last three …
Read More »Solar energy venture of Nizam energy provides the ray of hope for future development, economic stability. Solar energy is positioned to become a new source of power to lead the world to a low-carbon future and hopefully, away from a global climate catastrophe, which is caused by rising emissions from burning fossil fuels. For solar energy to become so cheap that it can compete with coal and oil, its …
Read More »CNG was introduced in Pakistan to counter high price of fuel. As a new business venture, many businessmen opened CNG stations to reduce the cost of transportation. CNG kit import became a wide market and especially popular in the transport industry. Introduced in mid 1990’s no one predicted the issues arising out of CNG supply, which we witness today. As the price of fuel based on international oil prices …
Read More »CNG was introduced in Pakistan to counter high price of fuel. As a new business venture, many businessmen opened CNG stations to reduce the cost of transportation. CNG kit import became a wide market and especially popular in the transport industry. Introduced in mid 1990’s no one predicted the issues arising out of CNG supply, which we witness today. As the price of fuel based on international oil prices …
Read More »Oil price in the international market has slumped from around $100 per barrel to below $45 in the past one year. But in Pakistan, the governments generally do not provide the genuine relief to the masses after only reducing fuel prices marginally in the domestic market. A common man will only become the beneficiary of falling oil prices in the global market if the government and the oil and …
Read More »Liquefied Natural Gas (LNG) is by far the cheapest imported fuel on which Pakistan can rely to meet its future energy needs. The cost of regasified LNG stands at $9.37 per million British thermal units whereas the imported furnace oil costs $10.62 per mmbtu, high-speed diesel costs $20.03 and liquefied petroleum gas (LPG) costs $17.6. Natural gas in Pakistan meets 35 percent of power generation needs, 23.8 percent of …
Read More »Pakistan since its emergence, still has no strategy on strategic fuel storages. Strategic reserves are enduringly held for non commercial causes, which are utilized to offer safeguard against external blockades in times of war. The fuel reserves also provide safeguard against the internal impediments like flood and disasters. And in case of oil industry disruptions due to refineries’ outages and pipeline break downs, the strategic reserves are not used …
Read More »KM+ is a non toxic environmental friendly and biodegradable fuel additive.KM+ is designed to address today’s competitive requirements for engine performance, fuel saving, maintenance and protection of combustion engines as well as fulfilling social responsibility of keeping KM+ green for a greener earth. Three key functionalities of KM+ are : 1. Fuel Atomization – To improve fuel combustion 2. Cleansing Functionality – To clean and restore engine condition to …
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