Year: 2021

Govt to retain control of SOEs

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The federal government will have strong footprints in state-owned enterprises (SOEs) even after approval of a new Act of parliament, which is contrary to the objectives of ensuring efficient and financially viable public sector firms by ending political interference. The draft of State-owned Enterprises (Governance and Management) Act 2021 suggests that the government still does not want these entities to be truly free from political meddling. But the general principles and objectives mentioned in the proposed legislation indicate that the entities may be revived, subject to meaningful autonomy. The federal…

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Construction work on Bhasha, Tangir projects reviewed

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LAHORE: The construction work on 21MW Tangir Hydropower Project, meant for providing electricity to the people in various areas during construction phase of Diamer Bhasha Dam, has commenced, according to the Water and Power Development Authority (Wapda). The construction works on eight sites of Diamer Bhasha Dam and nine of the Dasu Hydropower projects are also underway these days on a fast-track basis. Bhasha Dam project sites where the construction work was going on include access tunnel, access roads, upstream and downstream cable bridges, a senior official told Wapda Chairman…

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Master Changan Motors signs contract with Orient power system to install a 2.5MW solar project

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KARACHI – Leading automobile company Master Changan Motors Company Limited (MCML) is proud to announce it has signed a contract with Orient Power System for installing a 2.5MW solar power project at its Changan production facility at Port Qasim Karachi. Bank Al Habib has been nominated as the lead banking arranger for this project. The project will initiate a Green Automotive Manufacturing Revolution at Master Changan Motors by helping the sustainability of its energy mix and, at the same time, reducing its carbon footprint and the burden on the national…

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SICPA Pakistan wins award

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KARACHI: SICPA Pakistan has won the 13th NFEH (National Forum for Environment & Health) International CSR Award in the category of “Best Practices in CSR”, a statement said on Wednesday. Chaudhry Muhammad Sarwar, governor of Punjab, and Dr Sania Nishtar, special assistant to the prime minister on Poverty Alleviation & Social Protection, attended the ceremony along with other guests, it added. SICPA Pakistan was conferred with the award by NFEH based on its performance in undertaking CSR initiatives, its employees’ involvement in CSR activities, energy conservation, environmental audits, customer complaints,…

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Public-private Partnership In Energy Sector An Excellent Proposition

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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 24th Mar, 2021 ) :Adviser to the Chief Minister Khyber Pakhtunkhwa on Energy and Power, Himayat Ullah Khan Wednesday said public-private partnership in energy sector was an excellent proposition. The Hydro projects were environmental-friendly and create good socio-economic impacts besides being cost-effective. Thus, it makes hydro-projects suitable, especially for poverty-stricken province like Khyber Pakhtunkhwa, he added. He said this while sharing his views with the participants at public private dialogue ‘Potential of renewable energy and hydropower development in Khyber Pakhtunkhwa: Opportunities…

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