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“If the critical $10 million per month payments are not cleared, the mine operations are likely to be halted, which, in turn, will impact the power generation of Thar-based Independent Power Producers (IPPs), who currently stand as the country’s most economical energy producers,” cautioned Yousuf M Farooq, Director of Research at Chase Securities.
The government’s recent emphasis on harnessing Pakistan’s rich indigenous resources to reduce import dependency is commendable. However, there exists an opportunity for the government to intensify its support and attention to address the challenges faced by the Thar Coal project. Farooq emphasised, “The transformative impact of this project on energy stability and our economy underscores the critical importance of promptly resolving any outstanding dues, ensuring seamless mine operations, and sustaining the momentum of this pivotal initiative.”
“However, this projection could be jeopardised if the government does not clear the outstanding payments. The mine company owes the Chinese contractor dollar-denominated payments under the heads of operation and maintenance (O&M) which are critical to managing the mine’s expansion Phase III,” he warned.
https://t.co/1tROOEq3Xs
Pakistan is facing severe malnutrition yet millions of tonnes of food is wasted 🔔
It's time to assume self-accountability!
No one is accepting responsibility; everyone is blaming others (including the government, policymakers,…https://t.co/0di4DQqYRx https://t.co/ZVfMjn6EXC
Wish you a happy and peaceful New Year. Best wishes for the New Year! Greetings to you in the New Year, 2023.
#happynewyear2023#thepassagepr https://t.co/fCjMjSFb5C
“Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young.”
― Henry Ford
#learning#learningandgrowing https://t.co/ST9SWCTw7Q
Lets salute the Nation on Inependence Day. Thousands laid down their lives so that our country can celebrate this day . Never forget their sacrifices. https://t.co/27SBkNMPry
It is important to take care of your mental health.
If you’re experiencing some of these symptoms:
❗️Headache
❗️Neck & shoulder pain
❗️Upset stomach
❗️Heavy chest
maybe you’re stressed. Here is some advice that can help you to cope with stress:…https://t.co/bCnsiDHoe0