Month: July 2024

NEECA Unveils Energy Conservation Building Code (ECBC) 2023 in Islamabad

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NEECA-Project

Islamabad – The National Energy Efficiency and Conservation Authority (NEECA), in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, has launched the Energy Conservation Building Code (ECBC) 2023 in Islamabad. In his keynote address, NEECA’s Managing Director described the ECBC 2023 as a transformative framework set to revolutionize building practices nationwide. He emphasized that this building code is not merely a document but a vigorous, actionable plan aimed at significantly reducing energy consumption and generating substantial cost savings for building owners and occupants. Wolfgang Hesse, Cluster Coordinator from GIZ…

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Urgent Measures Needed to Address Karachi’s Environmental Crisis: Dost Muhammad Rahimoon

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Minister-Metting

Karachi – Karachi faces an urgent environmental crisis, with issues such as pollution, deforestation, and illegal encroachments worsening daily. In response, a delegation from the National Forum for Environment and Health (NFEH) met with Minister for Environment, Climate Change, and Coastal Development, Dost Muhammad Rahimoon, to discuss these critical challenges and propose solutions. The NFEH delegation, led by President M. Naeem Qureshi, Vice President Engr. Nadeem Ashraf, and Information Secretary Mustafa Tahir, emphasized the need for a coordinated effort to tackle environmental degradation in Karachi. “Every individual must play their…

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FPCCI to file petition in Supreme Courtfor ammendments in IPP,s Agreements

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fpcci-afghanistan

Karachi The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) is preparing to file a writ petition in the Supreme Court and appeal to the Special Investment Facilitation Council (SIFC) to seek amendments to the agreements with Independent Power Producers (IPPs). The FPCCI argues that the existing agreements and the tariffs imposed by the IPPs are financially burdensome and harmful to the national economy and businesses. Filing a Writ Petition:                 1.            Supreme Court’s Authority: The FPCCI intends to use the Supreme Court’s jurisdiction to challenge the legality of…

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Electricity Rates Surge by Rs22.53 per Unit in Two Years

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electricity-tariffs

ISLAMABAD: Over the past two years, Pakistan has experienced an unprecedented rise in basic electricity tariffs, amounting to Rs25.76 per unit, as per official sources. This increase includes a fixed surcharge of Rs3.23 per unit, significantly raising costs for all consumer categories. From July to October 2022, the basic tariff rose by Rs7.91 per unit, followed by an additional Rs7.50 hike in July 2023. A fixed surcharge of Rs3.23 per unit was also imposed in July 2023, with another basic tariff increase of Rs7.12 in July 2024. Consequently, the basic…

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Power Division Proposes Support Units for Distribution Firms Amid Management Failures

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power-subsidy

ISLAMABAD: The Power Division has acknowledged its inability to address inefficiencies and mismanagement within the energy sector, leading to a circular debt surpassing Rs2.310 trillion. In response, the division is now proposing the establishment of support units for power distribution companies (DISCOs) comprising officials from intelligence and law enforcement agencies to tackle these challenges and reduce the circular debt. As of the current financial year, DISCOs’ receivables have soared to Rs1.786 trillion, rendering the sector financially unsustainable. It is anticipated that these companies may have incurred losses of approximately Rs589…

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