Day: August 10, 2024

PM Shahbaz, CM Murad discuss K-IV, KCR, solar projects at CM House

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KARACHI (Aug 9): Prime Minister of Pakistan Mohammad Shahbaz Sharif and Sindh Chief Minister Syed Murad Ali Shah, in their one-on-one meeting at CM House, discussed different projects the federal government has initiated in the province and decided to speed up their timely completion.The CM thanked the prime minister for his visit and get the progress and issues of the federal-funded development projects.Mr Shah told the PM that the provincial government with the assistance of donor agencies have started work on BRT Redline and Yellow Line projects. “The work on…

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Experts Advocate for Solar Adoption to Bolster Pakistan’s Energy Resilience

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KARACHI: Energy experts are urging greater adoption of solar energy in Pakistan, emphasizing its potential to reduce dependency on fossil fuels, lower energy costs, and improve electricity access in remote regions. They argue that solar energy also promotes job creation, environmental sustainability, and contributes to a more resilient energy sector. The experts praised the government’s efforts to incentivize solar energy through net metering but cautioned against over-reliance on solar power, which, as seen in developed countries, can only sustainably contribute up to 20% of total grid capacity without harming grid…

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FPCCI Urges Accountability for IPPs as High Tariffs Strain Pakistan’s Economy

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LAHORE: Zaki Aijaz, Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called for urgent action from the task force on Independent Power Producers (IPPs) and Pakistan’s Power Sector Reforms to hold the country’s 40 IPPs accountable. In a statement on Friday, Aijaz underscored the increasing frustration among the public and business sectors over soaring electricity costs, which he attributed to unfavorable power purchase agreements with IPPs. Aijaz criticized the government’s substantial payments to non-operational or underutilized IPPs, highlighting that some plants…

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OCAC urges OGRA to thoroughly probe into unnecessary HSD imports to ensure oil industry’s survival

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OGRA

The Oil Companies Advisory Council (OCAC) has urged the Oil and Gas Regulatory Authority (OGRA) to thoroughly investigate the issue of unjust and unnecessary imports of High-Speed Diesel to ensure the survival of Pakistan’s petroleum industry.The demand to this effect is contained in a recent letter sent by the OCAC Chairman, Adil Khattak, to the OGRA Chairman.The OCAC Chairman informed the OGRA chief in the letter that the unjustified HSD imports by an Oil Marketing Company, which started at 15,000 MT per month have alarmingly increased to 40,000 MT per…

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