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Day: December 29, 2023

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

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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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CM, Federal BOI minister discuss establishment of industrial park at Steel Mills

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Chief-Minister

KARACHI (Dec 29): Caretaker Sindh Chief Minister Justice (Retd) Maqbool Baqar and Federal Minister for Commerce, Industries & Board of Investment Mr Gohar Ejaz Khan in their meeting at CM House discussed the need for the establishment of more Industrial Parks in Karachi.The CM said that industrialization was the only solution to develop the economy and create employment opportunities and…

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Envoy advises business community to diversify exports to Germany

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business-community

KARACHI: Consul General of Germany Dr. Ruediger Lotz has said that the textile sector was very important when it comes to bilateral trade as 85 percent of Pakistan’s exports to Germany comprises of textile products which, although was wonderful thing, but the exports need to be diversified to further improve the existing trade volume.Exchanging views at a meeting during his…

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Bilawal unveils PPP’s election agenda promising free electricity

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Bilawal-bhutto

GARHI KHUDA BAKHSH: Pakistan Peoples Party (PPP) chairman and former foreign minister Bilawal Bhutto Zardari has unveiled party’s 10-point agenda for general election 2024,Addressing a public gathering on the death anniversary of his mother and former prime minister Benazir Bhutto’s death anniversary in Garhi Khuda Bakhsh, Bilawal announced free electricity through solar power on consumption of 300 units after forming…

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Gas woes paralyse industries

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Oil-and-Gas

Shortage disrupts operations, imperils export orders; govt, SSGC urged to intervene KARACHI: A critical shortage of natural gas accompanied by perilously low pressure is wreaking havoc on industrial production, leading to delays in export orders worth millions of US dollars and escalating the overall cost of doing business, according to distressed exporters. They are urgently calling on the government and…

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20-year licences issued to seven DISCOs

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power-sector

Suppliers of Last Resort licences will remain valid till April 2043 ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has issued separate licences of the Suppliers of Last Resort (SoLR) to seven electricity distribution companies (DISCOs) for 20 years with retrospective effect, ie, from April 27, 2023. The licences will remain valid till April 26, 2043. “The authority approves the…

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Govt okays changes in energy deals

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cpec

ECC agrees Pakistan will not slap arbitrary penalties on power plants ISLAMABAD: Pakistan on Thursday approved amendments to the energy deals signed with Chinese power plants to end arbitrary penalties but deferred decision on bringing a quad-nation gas pipeline project under the special foreign investment protection regime. The Economic Coordination Committee (ECC) of the cabinet authorised the energy ministry to…

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Solar panel imports: PCA South uncovers another money laundering offence

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Solar power

KARACHI: The Directorate of Post Clearance Audit (PCA) South has uncovered another trade-based money laundering involving over Rs16 billion under solar panel imports. According to an FIR, after an extensive investigation of a suspicious company, the Directorate found that this trade-based money laundering involved a cartel of 12 fictitious importers connected to this company. The trade-based money laundering is estimated…

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First half of Jan’24: POL products’ prices may be sustained

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Petroleum-prices

ISLAMABAD: The interim government may sustain the prices of petroleum products in the first half of January 2024 following a marginal increase in the prices of Brent globally. According to the estimates of Oil Marketing Companies (OMCs), the prices of petrol and kerosene oil (SKO) would go down by Re1 per litre, whereas, the prices of high-speed diesel (HSD) and…

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