Year: 2020

The Department of State and USAID have launched the COVID-19 Private Sector Engagement & Partnership Fund with an additional $10 million in new assistance funds. The Fund has been established to strengthen the efforts of the private sector and bolster ongoing response efforts, helping the world’s most vulnerable overcome the devastation inflicted by the COVID-19 pandemic. What is the purpose of the Fund? 1) To create a formal and transparent process to surface the most innovative private sector solutions to mitigating the secondary impacts of COVID-19 in developing countries, and 2) to seed-fund the most promising of these solutions within the…

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The solar power is the way forward for Pakistan to safeguard its energy security and to lower the basket price of electricity for the consumers in the country.This was stated by CEO of Alternative Energy Development Board (AEDB) Dr Rana Abdul Jabbar Khan in his keynote address at the 1st Virtual Conference on Solarization of Pakistan organized by the Energy Update.The AEDB CEO said that Pakistan should massively take advantage of its presence in one of the best solar zones in the world.He said that lately solar energy had become…

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The circular debt was around Rs2 trillion by June 20. The toll is still growing, and without doing anything, it will grow at a faster pace. Out of this Rs2 trillion, around half is on PHPL books and the remaining half is on CPPA-G balance sheet. PHPL debt is being paid off to power suppliers and has nothing to do with energy sector liquidity problem. The real challenge is around CPPA-G debt. The problem is not only the flow (incremental debt) but also of the stock (accumulated debt). On stock,…

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