Month: February 2024

ISPR greets nation on peaceful conduct of 2024 general elections, praises armed forces in maintaining peace in polls

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General-Election

Rawalpindi, 8 February 2024: We extend heartfelt congratulations to the nation on the generally peaceful and violence-free conduct of the general elections. The armed forces alongside other Law Enforcement Agencies are proud to have played a pivotal role in providing security during the conduct of the sacred electoral process, in aid of civil power, and in accordance with the constitution of Pakistan. With the deployment of 137,000 army personnel and civil armed forces at approximately 6,000 selected most sensitive polling stations and over 7800 QRFs, a safe and secure environment…

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Pakistan Election 2024: Will party manifestos be climate-friendly only on paper?

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Pak-Election

Ahead of tomorrow’s (Thursday, February 8th, 2024) critical vote, political parties in Pakistan seem to have been pitted against each other in a battle of manifestos, which reflect their vision for the nation’s future. These highly-touted manifestos touch on the pressing issues in the light of the dreads and desires of the electorate. From the teetering economy to the shambolic law and order situation, each party has taken its best shot at coming up with solutions to deal with the plethora of challenges emanating from domestic and foreign policy loopholes.…

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Germany provides EUR 45 million support to Pakistan

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Germany

ISLAMABAD, FEB 7 (DNA) – Dr. Kazim Niaz, Secretary for Economic Affairs Pakistan, and Mr. Alfred Grannas, German Ambassador to the Islamic Republic of Pakistan, witnessed the ceremony for signing of Euro 45 million agreements on Technical Development Cooperation for starting new bilateral cooperation projects. These new agreements are the result of a longstanding and trustful partnership between the two countries. Technical Cooperation Agreement The newly commissioned projects align with the German development cooperation thematic areas of Climate and energy, just transition; Sustainable economic development, training and employment; Health, social protection and population policy.…

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Overall Generation Cost Of Fossil Fuel-Based Independent Power Plants FY 2022-23

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Fossil Fuel-Based Independent Power Plants (IPPs) are integral to ensuring consistent power supply to the populace, particularly in light of the intermittent nature of renewable energy sources. These IPPs mitigate the variability inherent in renewable power generation, thereby enhancing the reliability of the national grid. Notably, in the Fiscal Year 2022-23, Lal Pir Power Plant emerged as the most costly among fossil fuel-based IPPs, while Engro Powergen Thar remained the most economical. Addressing the challenges of power affordability, Thar coal emerges as a promising solution within the fossil fuel domain.

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Attock Refinery Limited (ATRL) has posted a substantial increase in its earnings for the first half of fiscal year 2024 (1HFY24), reporting a profit after tax of Rs17.56 billion [EPS: Rs164.7].

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New-ARL

This compares to a profit of Rs15.91 billion [EPS: Rs149.21] in the same period last year. The Board of Directors (BoD) has also declared an interim cash dividend of Rs2.50 per share (25%) for the review period. The company’s top line witnessed an 18.12% YoY surge to Rs270.29 billion compared to Rs228.83 billion in the same period last year. Despite a significant increase in taxes, duties, levies, and price differentials towards sales, the net revenue reached Rs205.96 billion, reflecting growth from the Rs189.03 billion recorded in 1HFY23. The gross profit…

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