PM for giving DISCOs to provinces

Prime Minister Shehbaz Sharif on Thursday set up a committee for transferring 10 power distribution companies (DISCOs) to provinces, which was not in line with last month’s decision of the Special Investment Facilitation Council (SIFC) that wanted to hand over those firms to the private sector. The PM gave the directive to constitute a review committee to consider the proposal…

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Europe’s weather luck Second mild winter leaves gas stocks at record high


The Astora natural gas depot, the largest natural gas storage in Western Europe, in Rehden, Germany. REUTERS/Fabian BimmerAfter two years of turmoil, Europe’s energy crisis is over. Fears about a natural gas shortage in 2022 after Russia’s invasion of Ukraine have been transformed into a glut and worries about where to store all the extra gas in 2024. Regional storage…

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World Future Energy Summit 2024 to Build on COP28’s Change Agenda and Help Realise Transformative Future

Annual summit in Abu Dhabi to accelerate COP28’s transition agreements and renewables pledge by bringing together industry leaders, policymakers, investment incubators, and world-class start-ups  Event in the UAE capital will play key role in furthering COP28 resolutions along the road to reality, says Summit Director. Dubai, UAE – February 08, 2024: The recent COP28 in Dubai underscored the UAE’s global…

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Washington tells Islamabad to engage IMF, bring economic reforms


WASHINGTON: The US State Department has conveyed a clear message to Pakistan’s new rulers, emphasising the importance of collaboration with the Interna­tional Monetary Fund (IMF) and economic reforms for stability. In response to a set of questions from Dawn, a State Department spokesperson underscored the enduring partnership between the two nations, stating, “We value our long-standing partnership with Pakistan and have…

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Mari network: Engro, others investing $300m in gas PEF project


KARACHI: Engro Fertilizers and other major fertilizer manufacturers are investing heavily worth $300 million in Gas Pressure Enhancement Facilities (PEF) project from Mari network to sustain domestic urea production levels and safeguard the food security of Pakistan. Talking to media, Ali Rathore, Chief Financial Officer, Engro Fertilizers, on Thursday said Engro Fertilizers and other major fertilizer manufacturers had initiated PEF…

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Islamabad, March 07, 2024: A comprehensive workshop aimed at developing a robust mechanism for tariff-based bidding of hydropower projects in Pakistan was arranged by Private Power and Infrastructure Board (PPIB) in collaboration with the Agence Française de Développement (AFD), France today in Islamabad. One of the key highlights of the event was sharing draft generic Request for Proposals (RFP) documents…

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