Month: February 2024

Controversy Surrounds Gabral-Kalam Hydropower Project Bid

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Gabral-Kalam

PESHAWAR: The Khyber Pakhtunkhwa (KP) government has initiated an investigation into alleged manipulation and fraud in the bidding process for the Rs40 billion Gabral Kalam 88MW hydropower project, following complaints received regarding the awarding of the contract. A letter from the KP Energy Department has instructed the Pakhtunkhwa Energy Development Organisation (PEDO) to conduct a thorough investigation, ensuring transparency and adherence to established procedures within a specified timeframe. The project was slated to be awarded to the M/s Gabral Kalam Hydro-Power (GKHP) Consortium, comprising Guangdong Yuantian Engineering Co. Ltd. of…

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Experts Emphasize Challenges and Opportunities in Transitioning from Coal Power in Pakistan

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coal

ISLAMABAD: In a public-private dialogue organized by the Sustainable Development Policy Institute (SDPI) as part of its Clean Energy Transition Programme, experts discussed the need for innovative financing and technological advancements to facilitate a just and clean energy transition in Pakistan. Titled “Beginning of the End: Transitioning away from Coal – Forging an Orderly, Equitable, and Just Energy Transition in Pakistan,” the dialogue aimed to share preliminary findings of an ongoing SDPI study with stakeholders. Ali Nawaz, Director-General (Coal) at the Private Power and Infrastructure Board (PPIB) within the Ministry…

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Pakistan Aims for $20 Billion Trade with Saudi Arabia

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Saudi-Arabia

ISLAMABAD: Highlighting the need to boost trade, Caretaker Federal Minister for Commerce and Industry, Gohar Ejaz, expressed Pakistan’s ambition to elevate bilateral trade with Saudi Arabia to $20 billion. Addressing the Pakistan-Saudi Business Forum in Riyadh, Ejaz emphasized the intention to enact legislation to foster bilateral investment, as per a press release from the commerce ministry. Ejaz also held discussions with Saudi Minister of Commerce, Dr. Majid bin Abdullah Al-Kassabi, focusing on augmenting investments in sectors like construction, digital economy, and infrastructure. During the forum, Hassan Al Hazawi, Chairman of…

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Pakistan Set to Seek $6 Billion IMF Loan for Debt Repayment

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IMF-board

ISLAMABAD: Pakistan is gearing up to request a fresh loan of at least $6 billion from the International Monetary Fund (IMF) to assist the incoming government in repaying billions in debt due this year, Bloomberg News reported on Thursday, citing a Pakistani official. The country intends to pursue negotiations for an Extended Fund Facility with the IMF, with talks expected to commence in March or April, the report noted. While a default was narrowly avoided last summer with a short-term IMF bailout, the program is set to expire in April,…

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Unlocking Pakistan’s Digital Future: Insights from Telenor Asia’s Digital Lives Decoded Study

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New-Telenor

22nd February 2024 Islamabad: With mobile devices becoming increasingly central to our daily lives, the second-year study of ‘Digital Lives Decoded’ conducted by Telenor Asia determined the key drivers of mobile use: forging healthy social connections, opening new opportunities, a safer online experience, learning and growing with new skills and reducing our impact on the planet.The first Digital Lives Decoded study in 2022 came at a time when Pakistan was emerging from a global pandemic and the pace of digital adoption accelerated. Building upon the foundation laid by its predecessor,…

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