The aim is to diversify the energy mix and enhance sustainability, reducing the country’s reliance on traditional energy sources. This move is expected to boost the solar industry in Pakistan, creating new opportunities for investment and job creation.
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In a significant move to enhance energy efficiency, the federal government has decided to replace 88 million old and inefficient fans across the country. This initiative aims to address the issue of high electricity consumption by outdated fans. The National Energy Efficiency and Conservation Authority (NEECA) has designed a scheme to replace these fans in the first phase. Under this scheme, consumers will receive new, energy-efficient fans at a cost of PKR 1,500 each. The cost will be paid in easy monthly installments, which will be included in the electricity…
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PESHAWAR: Khyber-Pakhtunkhwa (K-P) has made a significant advancement in water management by installing Indus Telemetry, an innovative system designed for real-time data acquisition of water flow in canals. The Indus Telemetry system, a sophisticated technological solution, automates the process of monitoring water flow, providing a significant upgrade to the province’s water management capabilities. This initiative, implemented by the International Water Management Institute (IWMI) under the USAID Water Management for Enhanced Productivity activity, sets a new standard for water management in Pakistan. A ceremony to officially hand over the technology to…
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ISLAMABAD: The current government continues the flawed policies of previous administrations, resulting in independent power producers (IPPs) receiving an annual windfall of over Rs2.8 billion in capacity payments from electricity consumers. As of March 2024, Pakistan’s total installed power generation capacity stood at 42,131 megawatts, with less than half being utilized. Consequently, regular bill-paying consumers are forced to cover 70% of the capacity charges for power plants that do not generate electricity. This revelation came from the Pakistan Economic Survey 2023-24, released on Tuesday. The report highlighted that the Private…
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ISLAMABAD: Finance Minister Muhammad Aurangzeb is set to present an Rs18 trillion federal budget for the fiscal year 2024-25 in the National Assembly today. Official sources indicate that the budget will emphasize fiscal consolidation to manage the budget deficit. Key objectives of the budget include addressing public issues, transforming the agriculture sector, promoting information technology (IT), boosting exports, fostering industrial growth, and supporting businesses. The budget formulation took into account the current economic challenges both domestically and internationally. On the revenue front, the government is expected to set a revenue…
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