Month: July 2021

Power theft: Govt decides to amend law

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The government has decided to amend Pakistan Penal Code (PPC) Act 1860 with a view to nabbing consumers allegedly involved in electricity theft through an order of a court on the application of not below grade 17 officer. However, the amendment is being opposed by parliamentarians on grounds that with this amendment the government intends to hide its poor performance and protect corrupt elements by shifting responsibility on consumers. In 2020-21 Discos’ inefficiencies have increased by over 28 per cent – to Rs 54 billion from Rs 42 billion in…

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82pc of released PSDP funds utilised in FY21

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The utilisation of funds stood at 82 percent against the releases in Sindh during the financial year ended on June 30, 2021 under the Public Sector Development Programme (PSDP). According to a summary of the provincial government, the release of amount and its utilisation also includes the provincial and district Annual Development Programmes and federal grants and foreign assistance for the development projects. The Sindh government’s PSDP included Rs155 billions for provincial ADP, Rs15 billions for district ADP, Rs54.641 billions for foreign project assistance and Rs8.3 billions from federal grants.…

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Pakistan, Uzbekistan agree to finalise Preferential Trade Agree­ment

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Pakistan and Uzbekistan on Wednes­day agreed to finalise bilateral Preferential Trade Agree­ment (PTA) within three months to further boost bilateral trade volume. At the 6th meeting of the Uzbek-Pakistani Intergo­v­ernmental Commission on Trade-Economic and Scientific-Technical Cooperation (IGC) held in Tashkent, both sides agreed to form joint working groups on agriculture, information technology, education and mineral sectors to boost cooperation, said a news release issued here. The meeting was co-chaired by Deputy Prime Minister and Minister of Investments and Foreign Trade Sardor Umurzakov and Commerce Adviser Abdul Razak Dawood. Mr Umarzakov…

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German envoy discusses energy projects with Azhar

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German Ambassador to Pakistan Bernhard Schlangheck called on Federal Minister for Energy Muhammad Hammad Azhar on Wednesday. The federal minister while appreciating the recent signing of Implementation Agreement (IA) for GIZ Pakistan’s Renewable Energy and Energy Efficiency II (REEE II) 8.1 million euros project, said that the cooperation between Pakistan and Germany in the energy sector has witnessed considerable growth. He informed that a major milestone in the energy transition in Pakistan is the new Renewable Energy (RE) Policy approved by Council of Common Interest (CCI) which aimed for a…

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Pakistan To Raise Green Energy Share By 30% In 10 Years

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The government is making all-out efforts to increase the share of renewable energy in the electricity generation by 30 per cent in the next 10 years, a senior government official said on Wednesday. Talking to German Ambassador to Pakistan Bernhard Schlangheck, who called on him, Federal Minister for Energy Hammad Azhar appreciated the recent signing of the implementation agreement for GIZ Pakistan’s Renewable Energy and Energy Efficiency II (REEE II) project worth 8.1 million euros, and said that the cooperation between Pakistan and Germany in the energy sector has witnessed considerable growth.…

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