ISLAMABAD: The World Bank has proposed ‘Pakistan Model’ to hand over Distribution Companies (Discos) to the private sector for 20 years with equity injection of Rs 728 billion without any cash impact layoffs and transfer of government assets, sources close to SAPM on Power Tabish Gauhar told Business Recorder. The 18-month roadmap is supposed to be achieved using the examples…
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You say one thing while in the opposition, and quite the other while in the government. That also seems to apply perfectly well in the energy sector of Pakistan. All tariff increase is bad in opposition and inefficiencies are offered as the solution. When in government, increase is substituted by inevitable “rationalization”, and system inefficiencies are no longer the vital…
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DUBAI: United Arab Emirates power producer Abu Dhabi National Energy Co. (TAQA) announced on Wednesday plans to increase its renewable energy assets, in a shift away from reliance on oil. TAQA said in a statement that by the end of the decade more than 30% of its power generation would come from renewable sources such as solar, up from 5%…
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KARACHI: “If we have to seriously pull out the country from crises, two radical decisions have to be made, reduction in interest rate up to 4 percent and cut in electricity and gas tariffs,” said economic and financial analyst Ateeq Ur Rehman. In January, SBP stated that it will maintain the basis point at the current level of 7 percent…
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The compulsory need to wear a face mask and observe other safety precautions against the coronavirus doesn’t end in the present times even after getting vaccinated against the deadly viral disease.Chief Executive Officer of Indus Hospital Dr Abdul Bari Khan stated this as he delivered the keynote speech at a seminar titled “Business responses to Covid-19 pandemic” organised by the…
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PESHAWAR: Haunted by its power crisis, Pakistan is all set to roll out its first locally manufactured solar power panels. The production of the third-generation solar power panels by a department of the University of Engineering and Technology, is all set to start next month. “We are launching our production and will deliver our first order for generating 2MW power…
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A one-day seminar titled “Gwadar Development and the Growth of Blue Economy in Pakistan” was held at the Pak-China Business Centre in Gwadar on Monday. The seminar was organised by Friedrich Ebert Stiftung Pakistan in collaboration with Parliamentary Committee on the China Pakistan Economic Corridor. The dialogue was attended by members of the National Assembly, Provincial Assembly, Gwadar Development Authority,…
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ISLAMABAD: A report released by an international organisation based in Brazil has found that Pakistan’s innovative emergency cash programme (Ehsaas) helped avert an economic catastrophe during the Covid-19 pandemic. The report, “What’s next for social protection in light of Covid-19: country responses” released by the International Policy Centre for Inclusive Growth (IPC-IG), focuses on experiences from countries in Asia, including…
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ISLAMABAD: The government has finalised a new policy for petroleum refining under which an incentive package will be extended for setting up of deep conversion refineries. The package will provide a 20-year tax holiday and up to nine-year cascading customs duty reduction in pricing provided the investors sign construction agreements before Dec 31, 2021. The policy framework has been finalised…
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ISLAMABAD: Federal Minister for Planning and Development Asad Umar on Monday set deadlines to put into operation two mega transport projects in Karachi — the Rs300 billion Karachi Circular Railway and Rs25bn Green Line Bus Rapid Transport — later this year. The ministry in a statement said that the deadline for signing of first package (A) of the Integrated Transport…
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