Month: March 2024

Aggressive’ funding for nuclear energy needed

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nuclear-energy

Dar calls for support from global financial institutions in developing initiative BRUSSELS: Minister for Foreign Affairs Ishaq Dar, on Friday, called for “aggressive” financing by International Financial Institutions and multilateral development organisations for developing countries to help them launch nuclear energy projects. Speaking in a video message after attending the First Nuclear Energy Summit hosted by the Belgian government and the International Atomic Energy Agency (IAEA), the foreign minister highlighted the challenges faced by developing countries in benefiting from nuclear energy due to its costliness.Dar stressed that, after hydropower, nuclear…

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Chinese investment: cabinet panel notified

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CPEC-likely

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted the Cabinet Committee on Chinese Investment Projects (CCoCIP).According to a notification issued by the Prime Minister’s Secretariat on Friday, the Minister for Planning, Development and Special Initiatives would be the chairman of the CCoCIP.While the Minister for Foreign Affairs, Minister for Interior, Minister for Finance, Minister for Commerce, Minister for Petroleum, Minister for Power and Minister for Railways and Minister for Science and Technology are the members of the committee.The notification further described the CCoCIP can especially invite governor State Bank of Pakistan,…

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Privatisation of Discos, various IPPs projects under study

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power-subsidy

ISLAMABAD: Federal Minister for Privatisation and Board of Investment Abdul Aleem Khan and Federal Minister for Power and Works Awais Ahmed Khan Leghari held a detailed meeting in which they discussed the privatisation of DISCOs and various projects of IPPs for the purpose of privatisation.It was decided that the process of privatisation would be accelerated.Similarly, the pace of handing over the projects of the Ministry of Energy to the private sector will also be expedited.Both federal ministers Aleem Khan and Awais Leghari gave instructions to the relevant departments to finalise…

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PM sets up seven cabinet panels; to lead ECC, CCoE

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Reko-Diq

• Five other bodies to oversee affairs related to airports’ outsourcing, state-owned enterprises, privatisation, disposal of legislative cases and Chinese projects• Reko Diq feasibility to be completed by year-end ISLAMABAD: Prime Minister Shehbaz Sharif on Friday formed seven cabinet committees, inclu­ding the Economic Coordi­nation Committee (ECC) and the Cabinet Committee on Energy (CCoE). According to separate notifications issued by the cabinet division, the prime minister will now chair meetings of the ECC and the CCoE. Earlier, the finance minister used to head the ECC. According to a notification, the ECC…

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Govt plans PMU for upgrades amid refineries pushback

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oil-refining

PMU will be led by DG (Oil) and will consist of representatives from refineries, OGRA, and a consultant to be jointly engaged by the refineries KARACHI: The government is setting up a project management unit (PMU) to streamline the upgrade of the country’s aging refineries under the oil refining policy, official documents showed. “Pursuant to the Cabinet Committee on Energy (CCOE) decision, a PMU is being established by the ministry of Energy (petroleum division) (MOE) to facilitate the implementation of the upgrade projects as well as assist the committee for…

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