Day: May 17, 2021

The Federal Government and Karachi Electric (KE) are said to have been inching towards a long-waited settlement on new Power Purchase Agreement (PPA) and Arbitration Agreement, after a long deliberation, well informed sources told Business Recorder. This progress was witnessed at a meeting at Governor House in Karachi just a week after Prime Minister Imran Khan’s very important visit to Saudi Arabia, wherein he was also accompanied by Governor Sindh Imran Ismail. On April 5, 2021, Managing Director, Investments of Saudi Arabia’s Aljomaih Holdings Co, Abdulaziz Hamad Aljomaih, in a…

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Pakistan economy is on solid growth path and has potential to grow at much higher rate in next five years despite a challenging environment across the globe, Khaleej Times reported while quoting experts. Top government officials, analysts and corporate leaders repose trust in growing economy and said higher GDP growth in 5-6 per cent per annum was going to be a ‘new normal’ in next five years amid considering strong economic indicators of the country, it said. “Yes, we have a potential to grow at much higher rate in coming…

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Chinese have taken another step forward towards extending more cooperation towards Pakistan’s economic and social development as China Gezhouba Group Company (CGGC) will integrate into overall progress of both the countries. “A number of key projects invested and constructed by CGGC have played an important role in boosting Pakistan’s economic growth and creating jobs. They will continue engaging in the construction of CPEC and write a new chapter for Pak-China friendship,” Chen Xiaohua, President of CGGC, told CEN yesterday. CGGC first entered Pakistan in 2003 and started Neelum Jhelum Hydropower…

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Pakistan’s Atomic Energy Commission’ (PAEC) announced that the 1,100 MW reactor of (KANUPP-2), the second unit of the ‘Karachi Nuclear Power Plant’ was connected to the national grid. This reactor is ACP-1000 or Hualong One and was supplied on a turnkey basis by ‘CNNC’ (China National Nuclear Corporation). KANUPP-2 would provide Pakistan with a more reliable and cost-effective source of electricity. This in turn would prove to be beneficial for the economic growth of the country. In order to meet its ever-increasing energy requirements, Pakistan has been significantly increasing the…

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What the renowned American hydro expert David Lilienthal wrote in 1951 holds true even today: “No armies with bombs and shellfire could divest a land so thoroughly as Pakistan could be devastated by the simple expedient of India’s permanently shutting up the source of water that keeps the field and the people of Pakistan green.” After the Uri attacks in India-held Kashmir, Prime Minister Modi said while pointing towards river maps: “Blood and water will not flow in one direction anymore.” He directed his team to use water as a…

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