Year: 2022

Privatization can resolve power woes

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Experts have agreed that privatisation of distribution companies is the only way forward for the energy sector of Pakistan. They held the view that failure to privatise the firms would enhance the problem of excess capacity and inflate circular debt. At a dialogue titled ‘Fixing Pakistan’s Power Sector – The Way Forward’ on Wednesday, K-Electric CEO Moonis Alvi said that a good amount of money had to be paid to the power firms in form of capacity payments in absence of a smooth distribution mechanism. “Today, the power tariff asks…

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People migrating from coastal areas due to water scarcity, says Rahu

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Sindh Minister for Environment, Climate Change and Coastal Development Ismail Rahu on Wednesday said that people living on the coastal areas, including Badin, had started migrating due to acute shortage of water in the province. “The water shortage has aggravated the problems of Badin and other coastal areas where livestock, fisheries and agriculture have been destroyed,” he said while addressing a seminar on climate change organised by Oxfam, an international NGO working in the country since 1973. The minister said that hundreds of thousands of acres of coastal land had…

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Road Map Needed for 2 mln Electric Cars on Roads: Report

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Turkey should determine a road map that ensures reaching at least 2 million electric vehicles and over 200,000 public charging sockets by 2030, said the Turkey Electric Vehicles Outlook report released by Sabancı University’s Istanbul International Center for Energy and Climate (IICEC) on Jan. 11. In the report, the IICEA suggested “strengthening the individual and corporate entrepreneurship ecosystem and human resources potential to help position Turkey as a regional and global actor in EVs and e-mobility. The additional electricity demand of about 6 terawatt-hours per year by 2030 could be…

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Economy rupee slide symptom of infirmity

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The Pakistani rupee fell from 152 rupees to the dollar in May 2021, the rate used for budget projections, to 179 rupees to the dollar and then recovered to 176.51 rupees on 7 January 2021. There is a perception in this country that the rupee value is market-based, as part of the staff- level agreement on 12 May 2019 between Pakistan’s then economic team leaders — Dr Hafeez Sheikh, de facto finance minister and Dr Reza Baqir, Governor State Bank of Pakistan — with the International Monetary Fund; however, this…

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Peshawar’s water schemes to be rehabilitated

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The irrigation department and Wapda on Monday signed a Memorandum of Understanding for rehabilitation and solarisation of water supply schemes. Under the agreement, the existing water supply schemes would be upgraded and solarised in different union councils of the provincial capital with the support of the European Union’s Grant Community Development Project. The issue of power supply to these schemes would also be resolved. The signing ceremony was attended by secretary irrigation Idress Khan, the chief engineer central public health engineering department, chief engineer Wapda and other officials.

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