Year: 2021

The debate over the new auto policy, which will determine the government’s plans about which route — electric or hybrid — it intends to take for developing the automotive industry and reducing carbon emissions and fuel imports from now onwards, is getting a bit intense. The government has already approved and announced its electric vehicle (EV) policy for the next five years, allowing significant tax concessions for potential Chinese investors intending to set up their assembly plants in Pakistan. This has prompted existing Japanese manufacturers to demand more or less…

The government has announced plans to increase power tariff by Rs5.65 per unit, an estimated 40% increase. Gas utilities have asked for similar or even higher increase in their tariffs. In this space, we will examine the non-tariff options to deal with problems of rising cost and circular debt, which has forced the government to propose the increase in power tariff. Over-capacity and high cost agreements will have a long shadow over the current and future tariff issues. However, reforms are overdue. Without undertaking reforms and increasing efficiency, the tariff…

ISLAMABAD: The Prime Minister Office has directed the two gas utilities to immediately engage with two new liquefied natural gas (LNG) operators who have complained about roadblocks and apathetic responses to setting up of their terminals. Informed sources said the sponsors of two coming LNG Terminals — Tabeer Energy and Energas — had in recent weeks reached out to all key stakeholders, including the prime minister, to report difficulties they were facing in bringing their investments to fruition. In these engagements, the sponsors appreciated maximum support extended by the relevant…

Speakers at online Innovation Summit 2021 stressed the significance of enhanced cooperation between Sialkot and Chinese industry. They also put forward recommendations including making full use of the existing platform, establishing joint ventures, strengthening the collaboration of chambers of commerce and developing e-commerce. They also called for increasing the scale of visits and exchanges on a webinar titled “Branding Pakistan: Complementarity through development of Innovative Export market of Sialkot” under Online Innovation Summit Sialkot 2021. Hassan Daud Butt, CEO KP BOIT, said on the occasion that Sialkot has done tremendously…