Month: October 2023

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

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Anwaarul-Haq

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 prime minister’s visit to China and other measures to further increase trade relations between GB and Xinjiang. The chief minister Gilgit-Baltistan thanked the prime minister for his recent visit to…

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

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Power-generation

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 Authority was established under the National Energy Efficiency and Conservation (NEEC) Act 2016 to undertake Energy Efficiency and Conservation (EE&C) measures across Pakistan to help steer the country towards energy…

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Proposed increase in gas tariff not to affect 57% consumers, help stop increase in circular debt: Energy Minister

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WhatsApp-Image

ISLAMABAD, Oct 26 (APP): Minister for Energy Muhammad Ali on Thursday said the proposed increase in gas tariff would not affect 57 percent of consumers across the country rather it would help control and end the ever-increasing circular debt of the petroleum sector.“It will be a big achievement,” the minister said in a media briefing on the gas prices’ revision along with Minister for Information and Broadcasting Murtaza Solangi.The Energy Minister said the increase in gas prices had been approved by the Economic Coordination Committee (ECC) and now would be…

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Gas supply may be limited to eight hours a day in winter

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secure-gas

ISLAMABAD: The recent surge in gas prices would be instrumental in curbing the gas sector’s circular debt, which has swelled to Rs2,100 billion, Caretaker Energy Minister Muhammad Ali said on Thursday but painted a bleak picture for the coming winter, with gas supply duration limited to just eight hours a day. Briefing the media, Mr Ali said that the current circular debt for the entire energy sector was Rs4,500bn without interest payments and it included Rs2,300bn in the electricity sector. “There will not be a resurgence of the circular debt…

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Former Chinese premier Li Keqiang dies at 68

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Li-Keqiang

Former Chinese premier Li Keqiang, a reform-minded bureaucrat once tipped as the country’s future leader only to be eclipsed by President Xi Jinping, died on Friday. He was 68. He had a heart attack on Thursday and passed away in Shanghai just after midnight, state-run news agency Xinhua said. Interim Prime Minister Anwaarul Haq Kakar said he was “deeply saddened and shocked” to learn about Li’s passing and called him a “great friend of Pakistan”. “We fondly remember his visit to Pakistan in 2013. Our thoughts and sympathies are with late premier…

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