Jury still out on mega-solarisation of tube wells


ISLAMABAD: A mega scheme to solarise 100,000 tube wells across Pakistan, at the cost of about Rs370 billion, has drawn cautious appraisals from experts who term it a ‘double-edged sword’. Towards the end of his tenure, then prime minister Shehbaz Sharif inaugurated the scheme, but the PC-1 of the umbrella project was only approved this month. As its cost is shared between…

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‘Use of renminbi to help trade with China’


KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Friday using the renminbi (RMB) for settling cross-border trade and investment transactions with China can further strengthen the long-lasting economic and financial ties. Addressing a ceremony on promoting the use of RMB in cross-border settlement organised by ICBC Bank Ltd, Mr Ahmad said the SBP has put in place…

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Thar coal suitable for surface gasification, liquid and urea conversion, report says


KARACHI: Thar coal, a lignite coal found in Pakistan’s Thar desert, can be converted into gas, liquid and urea through surface gasification, according to a study by the Sindh Coal Authority (SCA). The study, which was initiated by the SCA to evaluate the viability of Thar coal for its conversion to gas, liquid and urea, collected coal samples from Thar…

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Rs210bn RLNG to be diverted to domestic sector


ISLAMABAD: To ensure gas availability for eight hours to residential consumers in the current winter season, the government will divert the costly Re-Gasified Liquefied Natural Gas (RLNG) worth Rs210 billion to the domestic sector. Unlike the last four years, this time around the the Rs210 billion cost of RLNG diversion will be recovered from the consumers through the new pricing…

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Pak-China trade agreements to create employment, economic opportunities in GB: PM


ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq Kakar on Friday said the recently signed accords between Pakistan and China would open up new opportunities of employment and economic development for the people of Gilgit-Baltistan. The prime minister expressed the views in a meeting with Chief Minister GB Gulbar Khan at the PM House. They discussed the memorandum of understanding signed during the…

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NEECA asks Punjab, KP to establish their EE&C agencies


ISLAMABAD: National Energy Efficiency and Conservation Authority (NEECA) has urged Punjab and Khyber Pakhtunkhwa to expedite process to establish their own Energy Efficiency and Conservation (EE&C) Agencies to contribute in efforts to conserve energy. Managing Director, NEECA, Dr Sardar Mohazzam in separate letters to Chief Secretaries of Punjab and Khyber Pakhtunkhwa has stated that the National Energy Efficiency and Conservation…

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