Month: May 2024

PPIB Proposes 10% Duty on Solar PV Module Imports for a Decade

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solar-panel

The Private Power and Infrastructure Board (PPIB) has recommended imposing a 10 percent duty on the import of solar PV modules for the next 10 years and beyond. This proposal aims to boost domestic manufacturing of PV panels, as per sources familiar with the matter. The proposal, part of the “Solar Panel & Allied Equipment Manufacturing Policy 2024” draft, suggests a constant 10% duty over the specified period. PPIB argues that this strategy will support new manufacturers and incentivize consumers to opt for local products, gradually reducing dependence on imports.…

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CM Gandapur Urges Federal Government to Clear Hydel Power Profit Arrears for KP

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CM-Gandapur

Chief Minister Ali Amin Gandapur of Khyber Pakhtunkhwa emphasized the critical need for the federal government to settle the outstanding arrears in hydel power profits owed to the province. Addressing key priorities of his administration, he highlighted efforts to tackle the energy crisis and maintain law and order during a press conference. Gandapur encouraged citizens to consider starting livestock businesses and reaffirmed his government’s commitment to providing free healthcare through the Sehat Sahulat Card. He also emphasized developmental initiatives for merged districts and announced plans for a people-centric budget. Regarding…

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President Zardari Calls for Global Action on Climate Change and Green Investment

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In a recent meeting with Azerbaijan’s Minister of Ecology and Natural Resources and COP29 president-designate, Mukhtar Babayev, President Asif Ali Zardari emphasized the urgent need for global collaboration to combat climate change. He highlighted the importance of adopting green technologies, promoting afforestation, and reducing greenhouse gas emissions to address environmental challenges effectively. President Zardari noted that climate change is impacting glaciers and causing water scarcity, stressing that a united effort is crucial to mitigate these adverse effects. He congratulated Azerbaijan on hosting COP29 in November and expressed hope that the…

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Pakistan Extends Invitation to Swiss Investment in Renewable Energy and IT Sectors

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SLAMABAD – Deputy Prime Minister and Foreign Minister Ishaq Dar extended a warm invitation to Swiss companies to invest in Pakistan, focusing particularly on the renewable energy and IT sectors. This invitation came during a courtesy meeting with Ambassador of Switzerland Georg Steiner at the Ministry of Foreign Affairs. During the meeting, Dar emphasized Pakistan’s strong interest in bolstering ties with Switzerland, highlighting the potential for expanded cooperation in various areas such as trade, investment, climate initiatives, tourism, and migration. Dar praised the existing presence of Swiss companies in Pakistan…

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Pakistan’s Balancing Act: Encouraging Solar Adoption Amid Grid Challenges

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solar-panel

KARACHI – Pakistan’s government finds itself in a delicate position, aiming to promote renewable energy, particularly solar power, while grappling with constrained grid capacity and economic challenges. The government’s recent consideration to reduce buyback rates for net-metering electricity has sparked debates regarding the balance between incentivizing solar installations and managing grid constraints. The introduction of net-metering was a significant move to encourage households and businesses to generate their electricity and sell excess power back to the grid. However, the proposed rate cuts have raised concerns among solar users who viewed…

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