Year: 2021

QUETTA: The Taraqee Foundation, an NGO, in collaboration with United Nations Development Programme, Pakistan, Pakistan Poverty Alleviation Fund (PPAF) and Forest and Wildlife Department of Balochistan, has launched a mass trees plantation campaign titled “Chand Meri Zameen, Phool Mera Watan”. The NGO plans to plant 15,000 saplings in Quetta city, 35,000 in Maseelah, 25,000 in Band Khushdil Khan and 10,000 each in Pishin and Noshki. The campaign is bringing together various stakeholders, including government officials, local and international organisations, UN agencies, students, general public and volunteers, for the cause of…

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The two-year-long controversy over unaffordable and expensive electricity generation contracts has almost come to an end with the signing of revised agreements with 46 private investors and dozens of public-sector entities. The government says it has been able to achieve savings of about Rs770 billion over the average remaining 20-year contractual life of about 8,000 megawatts of independent power producers (IPPs). Likewise, a saving of Rs2.053 trillion is being reported on account of the reduction in the rate of return on equity for about 8,000MW of public-sector plants, assuming an…

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ISLAMABAD: The government is likely to sublet unutilised and surplus capacity at existing Lique­fied Natural Gas terminals to cut LNG tariff and restrict their further expansion to give a clear signal to private parties for investments in commercial terminals. An inter-ministerial committee, led by Planning Commission’s deputy chairman Dr Jahanzeb Khan and also comprising secretaries of finance, petroleum and maritime affairs, appointed by the federal cabinet, arrived at this conclusion though it linked a final decision on the quantity of surplus or excess capacity and its viability to a technical…

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