Insight & News
Need for Policy on Geothermal Energy in Pakistan
Need for Policy on Geothermal Energy in Pakistan The main objectives of Pakistan’s Petroleum Policy of 2012 are: (a) to ensure energy security and self-sufficiency; and (b) to attract local and foreign investment in the upstream oil and gas sector, and accelerate exploration and production activities. These policy objectives can…
Lease annulment of Reqo Diq gold mines and foreign arbitration awards
In July 1993, a provincial government entity entered into a joint venture with a foreign entity to prospect for gold and copper in a lease area called Reko Diq. In late 2011, the licensing authority of Reqo Diq cancelled the mining lease. The foreign investors brought two international arbitrations; one, against…
Takeaways in Debt Evolution of Energy Sector of Pakistan
To collect less money from its customers than the obligation to pay its suppliers results in cash flow shortfall of an entity. And to extend such shortfall to all entities of the supply chain is ‘circular debt’. Since its inception, circular debt in the energy sector of Pakistan has been…