Day: March 16, 2024

16th Annual CSR Summit & Awards-2024

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16th Annual CSR Summit & Awards-2024 March 16, 2024 Former PM Shahid Khaqan Abbasi strongly urges new federal govt to roll out privatisation agenda in energy sector to save national economy Islamabad Former prime minister, Shahid Khaqan Abbasi, has strongly urged the Shehbaz Sharif-led new federal government to urgently implement the agenda of privatisation, particularly in the energy sector as the greater involvement of the private sector is key to overcoming serious national economic woes.The former PM was addressed as the chief guest at the inaugural session of the 16th…

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Foreign Office Denies Reports of IAEA Official Visiting Pakistan

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New-IAEA

The Foreign Office has categorically dismissed recent reports claiming the presence of a high-level delegation from the International Atomic Energy Agency (IAEA) in Pakistan. The spokesperson clarified that there is no such visit currently underway, nor are there any planned policy discussions with the IAEA in the near future. The spokesperson emphasized that any stories regarding the IAEA’s visit to Pakistan are false and termed them as fake news. She specifically mentioned that the last official visit by the IAEA Director General took place in February 2023, during which the…

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Pakistan Solar Association (PSA) Loses Licence Due to Irregularities and Violations

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solar-panel

The director general of trade organisations (DGTO) under the Ministry of Commerce has revoked the licence of the Pakistan Solar Association (PSA) citing irregularities and significant rule violations. In response, the DGTO has also imposed fines and barred key PSA members from joining other trade organisations. The decision to revoke the licence stemmed from allegations of the PSA’s involvement in illegal activities, particularly regarding the appointment of a “fake and bogus” secretary general. The executive committee of the PSA was found complicit in these irregularities, leading to the cancellation of…

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Pakistan Pledges Power Tariff Hike and DISCOs Privatisation to Address Financial Challenges

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free-power

Islamabad has assured the International Monetary Fund (IMF) of timely electricity price increases and the recovery of pending generation costs exceeding Rs210 billion, signaling a move to enhance the financial viability of the power sector. This commitment, made during ongoing talks for a $1.1 billion loan tranche release, includes potential privatisation of power distribution companies (DISCOs) under concession agreements, marking a significant policy shift by the Pakistan Muslim League-Nawaz (PML-N) government. Prime Minister Shehbaz Sharif’s recent formation of a committee to transfer DISCOs to provinces aligns with these assurances, reflecting…

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AKU Collaborates with Exide Pakistan for 3.3 MW Solar Photovoltaic Installation

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Aga-Khan

Aga Khan University (AKU) has embarked on its largest solar photovoltaic (PV) project to date, partnering with Exide Pakistan Limited for the installation at its Stadium Road Campus in Karachi, Pakistan. This initiative is part of AKU’s commitment to achieving net-zero emissions by 2030. The signing ceremony to kick off the project highlighted the importance of renewable energy in reducing greenhouse gas emissions and transitioning to clean energy systems. With Pakistan’s high solar irradiation, solar PV is an ideal solution for energy generation in the country. The project involves installing…

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