Promulgates Ordinance Empowering Govt to Remove Independent Directors of SOEs ISLAMABAD: Hours before the parliamentary sessions began, President Asif Ali Zardari promulgated an ordinance to eliminate a legal barrier preventing the government from dismissing the boards of loss-making power distribution companies (DISCOs). The State-Owned Enterprises Governance and Operations Amendment Ordinance 2024, effective from June 5, 2024, grants the government temporary legal authority to remove independent directors on the boards of state-owned enterprises (SOEs). The ordinance, issued a day before the scheduled National Assembly and Senate sessions, underscores the government’s preference…
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PM Shehbaz Vows to Follow Chinese Development Model
ISLAMABAD: Prime Minister Shehbaz Sharif lauded the Chinese development model on Thursday, asserting that Pakistan could become a great nation by emulating this model through diligent effort and a strong focus on industrial and agricultural growth. “All Pakistanis will also have to pass through this thorny process. There is no other way to earn respect in the world,” the prime minister declared at the 4th Pakistan-China Friendship and Business Reception in Beijing. Earlier, PM Shehbaz met with Ambassador Luo Zhaohui, Chairman of the China International Cooperation Agency (CIDCA), discussing the…
Read MoreNepra Notifies Rs3.33 Per Unit Hike for April
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday notified an additional fuel cost charge of Rs3.33 per unit for April, allowing ex-Wapda distribution companies (Discos) to collect an additional Rs29 billion in June. This notification comes as the government acknowledges a minor impact of solar net metering on electricity sales. Nepra stated that it had reviewed and assessed a national average uniform increase of Rs3.3321/kWh in the applicable tariff for ex-Discos due to variations in fuel charges for April 2024. The total increase in the net tariff, considering…
Read MoreHopewind Powers China’s largest standalone environmental desert control PV project
Hopewind has significantly contributed to the construction of China’s largest standalone environmental desert control photovoltaic (PV) project. Situated in the Kubuqi Desert, Mengxi Base, this 2GW project is groundbreaking in its scale and impact. Project Significance The Kubuqi Desert project is crucial for improving the ecological environment of the “Jiziwan” basin of the Yellow River and the Kubuqi Desert. It sets a valuable precedent for the application of PV sand control technology in desert areas. With an installed capacity of 2GW, the project aims to rehabilitate and control 6,667 hectares…
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