Pakistan beyond COP28


Every United Nations Climate Change Conference – or COP – carries the weight of expectation, the pressure to inch closer to a sustainable and climate-resilient future. COP27 delivered the Loss and Damage Fund, a vital lifeline for communities already bearing the brunt of a changing climate. COP28, which came at the heels of the warmest year recorded in human history,…

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$382m ‘Karachi Mobility Project’: WB rates implementation progress as ‘moderately unsatisfactory’


ISLAMABAD: The World Bank has rated the overall implementation progress of the “Karachi Mobility Project” worth $382 million, as moderately unsatisfactory. The bank’s official documents revealed that the effective date of the project was November 26, 2019, however, only $18.88 million i.e. 4.9 per cent of the total $382 million was disbursed so far. The implementation of the project has…

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Atif Ikram elected FPCCI president


KARACHI: Majority of candidates nominated by United Business Group (UBG) and Businessmen Panel Progressive (BMP) succeeded in the elections of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the term of 2024-25. According to unofficial results issued on Saturday late night, the UBG and BMP Progressive bagged all the leading seats including the slots of the president…

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Alleged violation of laws: Sacked MD of NTC to face disciplinary proceedings


ISLAMABAD: The sacked Managing Director, National Telecommunication Corporation (NTC) is to face disciplinary proceedings for allegedly violating prescribed laws before assuming charge as Chairman NTC, well-informed sources told Business Recorder. The Ministry of Information Technology & Telecommunication (MoI-T&T) submitted a summary to the Cabinet stating that National Telecommunication Corporation (NTC) was established under Section 41 of the Pakistan Telecommunication (Re-Organization) Act,…

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Coal procurement process: Lucky Commodities lodges complaint with minister


ISLAMABAD: M/s Lucky Commodities is said to have lodged a complaint with caretaker Minister for Power and Petroleum, Muhammad Ali on coal procurement process for Sahiwal imported coal-fired power plant, In a letter to caretaker Minister, the company referred to a bidding document dated November, 2023, floated by Huaneng Shandong Ruyi (Pakistan) Energy (Private) Limited for procurement of coal for…

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Miseries of energy consumers continue to mount


Electricity, gas and oil prices go through the roof, forcing consumers to cough up billions ISLAMABAD: The year 2023 brought unprecedented pain to consumers as energy prices went sky high with no imminent relief in sight. The government jacked up prices of electricity, oil and gas to historic highs, fuelling a wave of inflation that sent prices of goods, particularly…

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Nepra approves Rs1.72 per unit hike for KE consumers


The National Electric Power Regulatory Authority (Nepra) on Friday approved a hike of around Rs1.72 per unit for K-Electric (KE) consumers on account of quarterly adjustments for electricity consumed in the second and third quarters of 2023. In its notification for adjustment in electricity rates of KE, Nepra said the tariff increase would apply to all consumer categories except lifeline consumers. The…

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Senate panel wants LNG imports by private parties


ISLAMABAD: The Senate Standing Committee on Petroleum recommended to the government on Friday that private parties should be allowed to import liquefied natural gas (LNG) which would not only improve its availability but would also bring down prices through competition. The committee met in the Parliament House under the chairmanship of Senator Mohammad Abdul Qadir who recommended that officers from…

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2023 a satisfying year for WAPDA hydel generation, under construction projectsWAPDA generates 34 billion units hydel electricity; 2.2 billion more than last year WAPDA achieves major milestones on under construction projects

December 29, 2023: The outgoing year 2023 has been a satisfying year for hydropower and water sectors in Pakistan. The country witnessed increased generation of hydel electricity, while under-construction WAPDA projects in water and hydropower sectors also achieved major milestones in 2023.WAPDA generated about 34 billion units of low-cost, clean and green hydel electricity in 2023, which is 2.2 billion…

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