Month: July 2020

ISLAMABAD: The circular debt in the power sector currently standing at Rs2,219 billion is to swell up to Rs4,000 billion in 2025 that will have a catastrophic impact on the economy. The power tariff in 2025 will surge by Rs5.1 per unit, driven mostly by the CPP (Capacity Purchase Price), unfolds a study titled “Fixing Pakistan’s Power Sector” prepared by Engro Corporation, a multinational conglomerate company with subsidiaries involved in production of fertilizers, foods, chemicals, energy and petrochemicals. “Electricity prices of country’s residential consumers are 28 percent higher than the…

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In a recent tweet by the Minister of Science and Technology Fawad Chaudhry, it has been revealed that Attock Petroleum Limited is setting up an Electric Vehicle (EV) charging point at Jinnah Avenue, Islamabad. The tweet further stated that its inauguration is another milestone achieved by the Ministry of Science and Technology in pursuit of introducing electric vehicles in Pakistan. However, this is not the first electric car charging station in Islamabad. There already is a BMW EV charging station in Kohsar Market, F-6 which was the first EV charging station to…

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As the world makes a push towards the Great Reset, there is considerable talk about powering our future with renewable energy (RE). However, the allure of harnessing the wind and sun as sources of sustainable source of energy is not new. In 1931, Thomas Edison told his friend, Henry Ford, “I’d put my money on the sun and solar energy. What a source of power! I hope we don’t have to wait until oil and coal run out before we tackle that”. Yet almost a century on, the RE movement…

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The joint delegation of LPG Industry Association called on Mr. Nadeem Babar, Special Assistant to Prime Minister on Petroleum at Ministry of Energy—Petroleum Division in this afternoon. The delegation included Chairman LPG Distributor Association, Chairman LPG Marketing Companies Association, LPG importer, Spokesperson and member of LPGAP. The SPAM stated that the government would design the long-term liquefied petroleum gas (LPG) policy to increase the local production of LPG; price stability of LPG market while ensuring the uninterrupted supply/ availability of LPG in the country especially in winter season. During the…

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ISLAMABAD: Chairman Special Parliamentary Committee on Kashmir, Shehryar Khan Afridi has strongly denounced the Indian occupation regime for enacting new laws to enable illegal military cantonments in the disputed area of Indian Occupied Kashmir (IoK) and urged United Nations to take action to stop this illegal process.Addressing a seminar here at National Press Club on Sunday, organised to mark Kashmir Accession Day, Shehryar Afridi said the new laws are a part of Indian plan to bring demographic changes in the IoK in a bid to artificially turn Muslim-dominated Kashmir into…

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