CDC Group and Gul Ahmed Metro Group forge joint venture to scale renewable power in Pakistan

The Metro-BII Renewables joint venture aims to add 500 megawatts (MW) low-cost renewable power to Pakistan in the medium term, increasing jobs and expanding economic opportunities • The joint venture will mitigate Pakistan’s carbon emissions, cutting 728,000 tonnes of carbon dioxide per year for the planet • Investment aligns with CDC’s ambition to invest over £3 billion of climate finance…

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PEC to support industries for launching internship programme for graduates of engineering universities

The Pakistan Engineering Council (PEC) has decided to play its due role to increase the liaison between the industries and the academia in the area of research being conducted in the universities in Pakistan. The decision to this effect was reached as the Pakistan Development Committee of PEC held its inaugural session at the council’s headquarters. Convener of the committee,…

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Failure of PCIW to visit project site: India makes progress on hydropower project on Chenab River

India is fast moving towards achieving the capacity to manipulate the water flows of Pakistani rivers as in a new development, it has finished not only the civil works but also almost completed the diversion tunnel for the Kiru hydropower project of 624MW the new one being erected on the Chenab River, but the sorry state of affairs is that…

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Govt to clear way for K-Electric’s sale

Finance Minister Shaukat Tarin on Monday reassured K-Electric’s investors of addressing the bottlenecks in the way of sale of the power utility’s majority shares to Shanghai Electric Power. A delegation comprising K-Electric’s board of directors representing Saudi Arabia’s Aljomaih Investments and other Middle Eastern firms met the finance minister. According to sources, the delegation gave a briefing on the company’s…

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IMF loan supports stability: Ruiz

The purpose of the IMF loan programme is to promote macroeconomic stability in Pakistan and fiscal and monetary policies should support the same vision, remarked International Monetary Fund (IMF) Country Representative for Pakistan Esther Perez Ruiz. Speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Tuesday, she underlined that the aim of the IMF programme was to bring…

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US Embassy Waives Off Interviews for More Pakistani Passport Holders

The United States Mission to Pakistan has announced the expansion of interview waiver eligibility for Pakistani citizens renewing B1/B2 tourism and business visas at the U.S. Embassy in Islamabad and the U.S. Consulate General in Karachi. This procedural change will improve customer service and enable more efficient processing for the renewal of tourism and business visas for qualified and eligible…

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