Pakistan Petroleum Limited (PPL) Commences Oil and Gas Production in Punjab, Marking a Major Advancement in Domestic Energy Exploration.

on 16/10/2024

Pakistan Petroleum Limited (PPL) Commences Oil and Gas Production in Punjab, Marking a Major Advancement in Domestic Energy Exploration Pakistan Petroleum Limited (PPL), one of the country’s leading state-owned energy enterprises, has achieved a significant breakthrough by initiating commercial oil and gas production from a newly discovered field in Punjab. This development signals an important […]

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CPPA-G Seeks Extension of IFRS-9 Exemption Over Power Sector Receivables Concerns

on 16/10/2024

The Central Power Purchasing Agency (CPPA-G) has requested an extension for exemption from IFRS-9 accounting standards, citing growing concerns over potential credit losses due to unpaid power sector receivables. This exemption, set to expire soon, is critical for the CPPA-G to avoid the financial hit that would arise from the inability to clear massive receivables […]

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Faraz-ur-Rehman Cautions Against Potential Policy Rate Hike Amid Inflation Worries

on 15/10/2024

Faraz-ur-Rehman Cautions Against Potential Policy Rate Hike Amid Inflation Worries Faraz-ur-Rehman, former Chairman of the Korangi Association of Trade and Industry (KATI), has raised concerns regarding the government’s potential move to increase the State Bank of Pakistan’s (SBP) policy rate. This action would be in line with commitments made to the International Monetary Fund (IMF), […]

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Researchers develop model to project energy storage needs for renewable energy

on 09/10/2024

Researchers have developed a model that can be used to project what a nation’s energy storage needs would be if it were to shift entirely to renewable energy sources, moving away from fossil fuels for electric power generation. The model offers policymakers critical information for use when making near-term decisions and engaging in long-term energy […]

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Meet Plantolin, the tree-planting robot pangolin built by student

on 09/10/2024

A robot pangolin designed to plant trees is the winner of the 2023 Natural Robotics Contest, which rewards robot designs inspired by nature. As the winning entry, the pangolin—dubbed “Plantolin”—has been brought to life by engineers at the University of Surrey in the United Kingdom.Out of 184 entries, the winning design came from Dorothy, a […]

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