Federal Minister Leads Shift to Local Coal for Cheaper Electricity


Federal Minister for Energy, Sardar Awais Ahmed Khan Laghari, chaired a meeting focused on transitioning all power plants from imported coal to local coal sources. This initiative aims to reduce electricity costs and benefit consumers across the nation. During the meeting, Minister Laghari emphasized the importance of shifting power plants to locally sourced coal. He highlighted that this move will…

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Govt to procure 24 LNG cargoes from Gunvor Singapore as demand surges


The government currently purchases spot LNG from 23 global companies, including Gunvor Singapore Ltd, through tendering and through long-term contracts from Qatar and Oman Highlights: Gunvor Singapore Pvt Ltd will deliver 24 cargoes of LNG in two years 12 cargoes this year, 12 next year, delivery is subject to demand Govt imported 54 LNG cargoes from spot market from Sept…

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Saudi Fund for Development Backs Hydro Power Projects in AJK


Azad Jammu and Kashmir welcomed a delegation from the Saudi Fund for Development (SFD) as part of the Green Energy Drive, culminating in agreements for financing two Hydro Power Projects in the region. The Saudi delegation, led by the Fund’s CEO, Sultan bin Abdulrahman Al-Marshid, solidified agreements for the Shounter Hydro Project and the Jagran-4 Hydro Project. The Shounter hydro…

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Govt Increases Petrol by Rs9.66, Cuts Diesel Price by Rs3.32


The federal government of Pakistan has announced a significant increase in petrol prices by Rs9.66 per litre, bringing the new rate to Rs289.41 per litre, effective from April 01, 2024. In contrast, the price of high-speed diesel (HSD) has been reduced by Rs3.32 per litre to Rs282.24. The decision follows earlier speculation reported by Headline PK regarding a potential hike in petroleum…

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World Future Energy Summit to Spotlight Regional Electronic Vehicle (EV) Target Viability at New eMobility Forum


Abu Dhabi, UAE; April 1, 2024: In one of three major expansions of its robust knowledge-sharing programme, the World Future Energy Summit, hosted by Masdar, has announced the launch of a dedicated eMobility Forum to debut at the 2024 event, the 16th in the annual series, which runs at Abu Dhabi National Exhibition Centre (ADNEC) from April 16-18. With the…

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Pakistan: Two New World Bank Projects to Support the Digital Economy and Increase Resilience to Floods


WASHINGTON, March 22, 2024—The World Bank’s Board of Executive Directors approved $149.7 million in financing for Pakistan today to support two projects. The Digital Economy Enhancement Project ($78 million)will support the expansion of digitally enabled public services delivery for citizens and firms, while the second Additional Financing for the Sindh Barrages Improvement Project ($71.7 million) will support better resilience to…

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