Hinting at entrenched high inflation, the International Monetary Fund (IMF) on Tuesday lowered its forecast for Pakistan’s economic growth rate for the current fiscal year to just 0.5 per cent, with inflation going beyond 27pc and the unemployment rate increasing to 7pc.
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Pakistan can massively curtail its expenditure by utilising its vast potential for renewable energy generation for example, hydropower, wind, sunlight based and biomass, said an environmentally friendly power master.
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To reduce the impact of dollar exchange rate on the electricity cost, the government has decided to ban the import of furnace oil and use locally produced furnace oil for power generation. As per the projections of the Ministry of Energy, for the upcoming summer season,
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Indus Earth Trust (IET), an organisation promoting green energy, has provided a life-changing solution for residents of Ishaq Jokio, a small settlement in the Sindh province of Pakistan. The 19-kilowatt mini-grids powered by solar energy have transformed the lives of people, who have been accustomed to enduring long hours of power cuts during peak consumption in summer.
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Oil & Gas Development Company Limited (OGDCL) and PARCO ink MOU for new projects, as part of business diversification and energy transition strategy.
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