Year: 2023

UAE: World’s largest single-site solar power plant inaugurated ahead of COP28

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Abu-Dhabi

Built in a single phase, it generates enough electricity to power almost 200,000 homes, displacing 2.4 million tonnes of carbon emissions every year Published: Thu 16 Nov 2023, 10:33 PM Last updated: Thu 16 Nov 2023, 10:34 PM The world’s largest single-site solar power plant has been inaugurated in Abu Dhabi ahead of the UAE hosting COP28. Located 35km from the city, the landmark 2GW Al Dhafra Solar Photovoltaic Independent Power Project was built in a single phase and generates enough electricity to power almost 200,000 homes, displacing 2.4 million tonnes of…

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Restructuring of FBR: Customs to be separated from revenue collection mechanism, says Dr Shamshad

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Shamshad-Ather

Caretaker Finance Minister Dr Shamshad Akhtar has said that the government is taking restructuring measures in the Federal Board of Revenue (FBR) to ‘remove the apparent conflict of interest in tax collection’ as well to enhance the taxmen’s performance. “We have developed an action plan for restructuring Pakistan’s tax administration,” Akhtar said while speaking virtually at The Future Summit organised by the Nutshell Group, which concluded here on Thursday. “To us, the most absolute element there is strengthening the internal governance of the FBR. “Today, I have a decision that…

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THE FUTURE SUMMIT, jointly hosted by HBL and Nutshell, ends with the resolve to rethink the Big Picture!

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future-summit

Karachi, November 16, 2023: THE FUTURE SUMMIT (TFS) 7th Edition concluded on its second day, with yet another impressive lineup punctuated with thought-provoking conversations and engaging dialogues.Under the theme THE BIG PICTURE, the 7th Edition of TFS was jointly hosted by Nutshell Group and HBL, powered by Unity Foods Limited, in strategic partnership with the Overseas Investors Chamber of Commerce and Industry (OICCI) and CORPORATE PAKISTAN GROUP. Dr. Shamshad Akhtar, Caretaker Federal Minister for Finance & Revenue, joined the audience virtually, she shared her views, “Pakistan has the potential to…

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Oil and Gas Regulatory Authority and Pakistan Refinery Limited Seal Historic Agreement under Brownfield Refinery Policy

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Oil-and-Gas-Regulatory-Authority

Islamabad, [16 Nov] – In a landmark development aligning with Pakistan’s refining policy, the Oil and Gas Regulatory Authority (OGRA) and Pakistan Refinery Limited (PRL) have officially inked a pivotal upgrade agreement today. Following extensive deliberations, consultations, and a series of meetings with key stakeholders, the agreement marks a significant milestone for the energy sector. “After a marathon of meetings, consultations, and deliberations with the stakeholders, the agreement was finalized, and by the grace of Almighty Allah, we have signed the first one with PRL,” stated Masroor Khan, Chairman of…

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Sindh govt assures full support building new clean energy projects under public-private partnership mode

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Hopwind-Salman

Karachi – The Sindh government will fully support the development of new clean energy projects to harness the vast solar and wind power generation potential of the province under the mode of public-private partnership (PPP).Sindh government’s Energy Secretary, Rehan Iqbal Baloch, stated this while speaking as the chief guest at a seminar on “Role of public-private partnerships in promoting renewable energy” organised by Energy Update in collaboration with Hopewind.He said that Sindh had an abundance of resources to generate massive renewable electricity and support of the private sector was essential…

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