On 1 August, 2023, Pakistan Minerals Summit 2023 was jointly hosted by the Ministry of Petroleum and Barrack Gold Corporation. In his address, the Minister of State for Energy, Petroleum Division, Dr. Musadik Malik invited foreign investors to invest in various sectors of Pakistan, especially minerals and mining. He said that the aim of the […]
On June 10, 2023, the Parliament of the United Republic of Tanzania endorsed an inter-governmental agreement between Tanzania and Dubai which would allow Dubai’s multinational company DP World to operate Tanzania’s ports, especially one located in a city of the Dar es Salaam.
Successive Pakistani governments have consistently faced the challenge of fiscal deficits. It means the state is continuously short of resources to spend on the people. This shortage of resources faced by the state is the direct consequence of the economic governance structures implemented in the country. Pakistan’s ruling elite implements the capitalist economic model in […]
The Turkish Energy Market Regulatory Authority (EPDK) announced an increase in electricity tariffs for residential subscription groups by 20%, and for industrial subscription groups by 50%. Meanwhile, Turkish Petroleum Pipelines Corporation (BOTAŞ) announced a 20.4% increase in the residential subscription natural gas tariff and a 50.8% increase in the industrial subscription natural gas tariff. Thus, […]
In the span of just one week, upon the dictation of the IMF, the government of Pakistan increased the petrol and diesel prices by PKR 60. So petrol shot up from PKR 150 to PKR 210! Yet again, the imported system sets a new record. The previous record set by the visionless PTI government has […]
A major crisis is said to be looming for Bangladesh’s energy security as the country is heading towards a total depletion of its natural gas reserves. Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) said that the country has gas reserves for nine to 10 years, assuming a consumption of around 1 trillion cubic feet every […]
Through democracy’s implementation of Capitalism, the government is responsible for Pakistan’s electricity crisis. The present capitalist system ensures that through privatization a few private owners, foreign and local, fully benefit from electricity resources whilst the public faces hardship. Privatization raises electricity prices so that the private owners can profit in their business. As an example […]
On Sunday 3rd April, 26 cabinet ministers of the Sri Lankan government resigned due to increasing public anger and protests over the country’s huge financial crisis. The nation’s foreign currency reserves have plummeted in this import-dependent state by around 70% since January 2020 to $2.3 billion in February due to financial mismanagement and the Covid […]
Pakistan’s Current System Secures the Economic Interests of the Kafir Colonialists Sufficient revenues in the state treasury are essential for looking after the affairs of the people and managing the state expenses, such as the armed forces, health and education. However, in Pakistan’s current system, both democracy and dictatorship take turns to secure the economic […]
We are suffering immensely, as the economy obviously collapses, despite the reassurances of Pakistan’s rulers. The rupee is collapsing in value, whilst inflation is spiralling out of control. Fuel, electricity and gas prices are all increasing, as are taxation and unemployment. As if our economic misery were not enough, the rulers use the weak economy […]
The Ministry of Energy has announced the development of a three-phase project for the transition to the competitive wholesale electricity market for the period 2021-2025 with the handover of the sale of electric power to private companies.