Terming China-Pakistan Economic Corridor (CPEC) a game changer, Rafi Group chairman Imtiaz Rafi Butt has said that Gwadar would play a key role in the economic progress of the country. “Gwadar is Dubai of the future. It will be the economic hub that will play a key role in the economic progress of Pakistan,” he said, while speaking at the…
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The Power Division has proposed adjustment of surplus employees of Generation Companies (Gencos) and resolution of financial issues of their retired employees. The Cabinet Committee on Energy (CCoE) during its meeting held on September 10, 2020 decided immediate closure of certain power plants/units of GENCOS having aggregate capacity of 1,796 MW. Pursuant to the decision, GENCOs had to approach NEPRA…
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Finance Minister Shaukat Tarin said on Wednesday that power sector would be the centre of discussion with the International Monetary Fund (IMF) in the forthcoming 6th review as performance on revenue collection has been well over target. Addressing a news conference along with SAPM to Prime Minister on Food Security Jamshid Cheema and State Minister for Information Farrukh Habib, the…
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The hardships of local communities in Thar persist due to the ongoing coal projects in the region, as Tharis continue to deal with their adverse impacts, said a research study conducted by Rural Development Policy Institute (RDPI) and launched by Alliance for Climate Justice and Clean Energy (ACJCE), a civil society group. The research titled “Coal Rush: The Impacts of…
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Energy costs have risen by over 50 percent in one year – from 4.2 rupees per unit in August 2020 to 6.4 rupees per unit in August 2021. The reason disturbingly is the policy dating back decades to pass on poor sector performance onto the hapless consumers for which government policy is to blame. The argument that this can be…
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Business leaders there is a non-payment you plant and machinery from for the businesses to the con- at this point of time and that’s Wednesday. During the first discuss challenges, cannot go and disconnect across the globe. “We had sumers. Covid-ig has obviously why they have been avoiding phase (2015-2020) of CPEC, power. The entity lost a few only one…
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As if the Karachi Metropolitan Corporation’s proposal to collect two of its key taxes through monthly electricity bills was not enough to cause concern among the Karachiites, another plan has been prepared to levy a fee on the residents on account of waste disposal work, and for the purpose the billing system of the gas utility could be utilised. The…
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LPG vessel “C Tomson” berthed at Gwadar International Terminals Limited (GITL) on 21 Sep 2021 at 1700 hrs, First Liquefied Petroleum Gas Terminal in Gwadar Al-Qasim LPG Gas Terminal has substantially increased the import at GITL which ultimately created, generate greater economic activity in Gwadar, which would in turn benefit the local population through the creation of more jobs. and…
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China’s pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it slashes future carbon emissions, analysts said. Chinese President Xi Jinping said in a pre-recorded address at the United Nations General Assembly on Tuesday that China would help developing countries build green energy production and halt construction of coal power plants abroad. China has…
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The government approved the New #Gwadar International Airport project at an upward revised cost of Rs51.3 billion, showing an increase of 138% in its construction price within five years amid a slow pace progress on an important #China #Pakistan Economic Corridor (#CPEC) scheme. The Central Development Working Party (CDWP) took the decision to revise upward the project cost. Planning Commission…
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