Month: August 2023

Sindh Governor, Local Govt Minister to jointly confer awards to 86 organizations for excellence in safeguarding environment

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AEEA-NFEH

The outstanding performance of 86 local and multinational companies and industries in the arena of environmental protection will be recognized at the 20th Annual Environment Excellence Awards-2023 here at a hotel on August 9 (Wednesday). The National Forum for Environment and Health (NFEH) is organizing the event.Sindh Governor, Kamran Khan Tessori, and Sindh Local Government Minister, Syed Nasir Hussain Shah, as the chief guests on the occasion, will jointly give the awards to the successful companies in recognition of their hard work to reverse the phenomenon of environmental degradation. Out…

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Karot HPP adds to clean energy

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Karot-Hydropower

LAHORE: The Karot Hydropower Plant, a key project under the China-Pakistan Economic Corridor (CPEC), has added around 3.64 billion units of clean and cheap electricity to the national grid in its first year of operation, the company said on Thursday. The 720MW plant, which was inaugurated in June 2022, uses indigenous resources and has no carbon emissions. It contributed more than 509.86 million units of electricity in May 2023 alone, according to data from the National Electric Power Regulatory Authority (NEPRA). The plant has also achieved zero accidents and zero…

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Energy sector reforms: Modalities, framework finalised

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Ishaq-Dar

ISLAMABAD: Finance Minister Ishaq Dar chaired a meeting on reforms in the energy sector at the Finance Division, Friday, says a press release. Minister of State for Petroleum Division, Musadik Masood Malik, SAPM on Finance, Tariq Bajwa, SAPM on Revenue, Tariq Pasha and senior officers from the Finance and Petroleum Divisions attended the meeting. PM for making energy sector reforms part of budget The meeting conversed about the ongoing issues in the energy sector, particularly the issue of circular debt in the gas sector and discussed and finalised modalities and…

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CCoE poised to okay incentives for 100% diesel production

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Petroleum-prices

PM to preside over the meeting on Monday to grant final approval ISLAMABAD: In a bold move to achieve 100% local diesel production, the Cabinet Committee on Energy (CCoE) is poised to sanction incentives to existing refineries for the establishment of upgradation plants. Prime Minister Shehbaz Sharif is slated to preside over the CCoE’s meeting on Monday to grant final approval for this transformative initiative. Sources familiar with the matter have revealed to The Express Tribune that the incumbent government’s incentives include a 10% deemed duty on petrol and an…

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‘CPEC is a transformative force for region’

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China-Pakistan

Gwadar Port and the completed Phase one of the Gwadar Free Trade Zone, stand as testaments to CPEC’s achievements BEIJING: The Pakistan Ambassador to China, Moinul Haque, extolled the China-Pakistan Economic Corridor (CPEC) as a transformative force for Islamabad and the entire region, fostering peace, prosperity, and growth. Haque highlighted CPEC’s alignment with Pakistan’s development agenda, lauding it as an inclusive and coordinated paradigm benefitting all segments of society. Commemorating CPEC’s decade-long journey, Pakistan hosted an event in Islamabad, drawing a congratulatory message from President Xi Jinping. The Gwadar Port…

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