Day: March 21, 2024

Murad approves Rs5.5bn Smart Safe City projectNRTC, Sindh police ink agreement

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Sindh-Police

KARACHI (March 20): Sindh Chief Minister Syed Murad Ali Shah approved the signing of an agreement of Rs5.5 billion between the Sindh Police Department and NRTC to launch the first phase of the Smart Safe City project in the red zone. The approval of the agreement was made in a meeting held at CM House and was attended by Home Minister Zia Lanjar, Mayor Karachi Murtaza Wahab, Chief Secretary Asif Hyder Shah, IG Police Riffat Mukhtar, MD NRTC Brigadier Asim Ishaque, DG Sindh Safe Cities Authority asif Aijaz Shaikh, and…

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NEECA Introduces Energy Conservation Building Code (ECBC-2023)

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power-sector

National Energy Efficiency and Conservation Authority (NEECA) Implements New Building Code for Energy Conservation NEECA, under the Ministry of Energy (MoE) – Power Division, has introduced the Energy Conservation Building Code, 2023 (ECBC-2023) to be enforced nationwide. This code, developed with technical support from international and national organizations, aligns with recommendations from the National Energy Efficiency and Conservation Policy-2023 and the National Energy Efficiency and Conservation Action Plan-2023-2030. The ECBC-2023 is applicable to both new and existing buildings across Pakistan. Provincial governments have the authority to amend the code according…

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PM Orders Forensic Analysis of Gas Companies’ Revenue Requirements

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Prime Minister Initiates Third-Party Analysis of Sui Gas Companies’ Revenue Needs In a recent development, Prime Minister Shehbaz Sharif has instructed a third-party forensic analysis of the revenue requirements for Sui gas companies, as determined by the Oil and Gas Regulatory Authority (Ogra). This directive came during a presentation on the petroleum sector, highlighting the government’s commitment to ensuring transparency and accuracy in revenue assessments. The meeting chaired by the Prime Minister also outlined several key presentations to be made within a month, covering areas such as Weighted Average Cost…

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Industrialists Urge Government Action on Energy Amid IMF Concerns

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IMF-board

Karachi’s Industrial Sector Calls for Energy Cost Reductions and Policy Reforms Amid concerns over the International Monetary Fund’s (IMF) Staff-Level Agreement (SLA) and its impact on energy policies, Karachi’s industrialists are urging the newly-elected government to take decisive action to reduce energy costs and implement comprehensive economic reforms. The industrial sector faces potential shutdowns if critical infrastructure deficiencies are not addressed promptly. Expressing apprehension about the IMF-SLA objectives, especially regarding energy policies, industrialists warn that implementing these measures without addressing infrastructure gaps could lead to widespread closures of companies nationwide.…

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Pakistan Urges Climate Financing at UN Meeting

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Climate-Talks

Pakistan Advocates for Concessional Climate Financing at UN Session During a United Nations meeting focused on sustainable energy goals, Pakistan emphasized the urgent need for concessional climate financing to aid developing countries in transitioning away from fossil fuels. Ambassador Munir Akram highlighted that without such financing, achieving set targets would be challenging for developing nations. In his remarks at the ‘Group of Friends for Sustainable Energy’ meeting, Ambassador Akram emphasized that energy plays a central role in both the 2030 Agenda for Sustainable Development and global climate objectives. He stressed…

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