Month: March 2022

Pakistan hopes to pass 7th IMF review hands down

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The government is confident in getting a positive nod from the International Monetary Fund’s (IMF) on 7th review as it addressed in details the fund’s concerns on the Prime Minister’s relief package, finance minister said on Wednesday.\ “The IMF mission raised concerns over PM’s Relief Package on petrol, diesel and electricity prices as well as on tax amnesty for industrial sector but we explained them all aspects properly in details,” Tarin said talking to The News on the government’s parley’s with IMF. “Now the IMF team will come back with…

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AEDB aims for 61pc clean energy share in national mix

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We have been well on track to achieve the targets given in Indicative Generation Capacity Expansion Plan 2021-2030 [3,000MWs of wind and 7,000MWs of solar power on-grid plants till 2030],” said, Shah Jahan Mirza, Chief Executive Officer of Alternative Energy Development Board (AEDB) at a roundtable. The moot titled 2nd International Solar Clean Energy Conference-2022 was organised by Energy Update, a magazine that caters to the energy and environment sector of Pakistan. He said the current share of renewable power generation in the national energy mix stood at five to…

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Govt told how it can meet country’s global climate commitments

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Pakistan Climate Conference was held here on Wednesday to bring together global climate experts, policymakers and corporate decision-makers to discuss how Pakistan could meet the country’s global climate commitments. Speaking at the occasion, Kazeem Khan, GM Nature Based Solutions, Asia Pacific from Shell, said that there was a huge playing field where a lot of investment was being made towards ensuring Net Zero. “A lot of oil and gas companies are pivoting away from their traditional businesses and investing in renewables,” said Khan while acknowledging that it; however, remains a…

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OGRA assures OMCs to address oil industry’s issues on priority

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Oil and Gas Regulatory Authority (OGRA) on Wednesday assured the Oil Marketing Companies (OMCs) to resolve all the issues confronted by the oil industry on priority. The authority OMC and OMAP, in a meeting held at the OGRA’s Regional Office Lahore, agreed to make joint efforts in handling all the challenges faced by the oil industry, a news release said here. Among others, the meeting was attended by representatives of leading OMCs and Oil Marketing Association of Pakistan (OMAP), which was chaired by OGRA Member (Oil) Zain-ul-Abideen Qureshi, Senior Executive…

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2nd International Solar Clean Energy Conference-2022

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2nd International Solar Clean Energy Conference-2022 AEDB aims to launch from next month competitive bidding regime for new solar, wind projects The Alternative Energy Development Board (AEDB) has aimed to commence from April 2022 the process of competitive bidding for launching new solar and wind power projects to increase the share of clean electricity in the national energy mix to 61 per cent as per the Indicative Generation Capacity Expansion Plan (IGCEP) 2021-2030.This was stated by Chief Executive Officer of AEDB, Shah Jahan Mirza, while speaking as the chief guest…

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