Month: September 2024

COAS Pledges Road Repairs, Tariff Relief for Karachi’s Traders

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Army-Chief

KARACHI: Chief of Army Staff (COAS) General Asim Munir has assured Karachi’s business community of efforts to reduce industrial electricity tariffs and repair roads in key trading areas. During his visit to the city, he emphasized that the economy is gradually improving and acknowledged the role of entrepreneurs in this recovery. Meeting with businesspersons, General Munir expressed optimism about Pakistan’s economic stability, citing the stabilization of the rupee-dollar exchange rate and a decrease in inflation. He also pledged support for road infrastructure improvements in seven industrial estates and hinted at…

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WAPDA Launches Pakistan’s Largest Triaxial Machine at CMTL for Mega Dam ProjectsChairman WAPDA Highlights Expansion of Modern Testing Facilities

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dam-hydro

September 26, 2024: WAPDA’s Central Material Testing Laboratory (CMTL) has successfully launched Pakistan’s largest triaxial machine, designed for geotechnical testing of rock foundations for major dam and hydropower projects. The machine was made operational through collaboration between WAPDA’s Technical Services Division and the University of Engineering and Technology (UET), Lahore. To commemorate this milestone, WAPDA Chairman, Engr Lt Gen Sajjad Ghani (Retd), and UET Vice Chancellor, Prof. Dr. Shahid Munir, visited the facility, accompanied by senior officials from WAPDA and UET. They toured the rock mechanics, soil mechanics, and cement…

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SNGPL Sends SOS to Petroleum Division Over Power Sector’s RLNG Payment Shortfall

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New-RLNG

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has issued an urgent appeal to the Petroleum Division, highlighting severe financial challenges due to underpayment by the power sector for RLNG supplies. Sources reveal that SNGPL has approached the Directorate General of Gas, outlining difficulties in meeting its payment obligations for RLNG and indigenous gas supplies. Since the gas price revision in November 2023, SNGPL has disbursed Rs1,093 billion to Pakistan State Oil (PSO). However, in September 2024, SNGPL expects a payment shortfall of Rs22 billion due to reduced demand from the…

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Govt Poised to Announce Revised Agreements with IPPs Amid Pressure

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power-gride

ISLAMABAD: The government is set to unveil revised agreements with Independent Power Producers (IPPs), promising significant reductions in payments. However, the specifics of amendments to the Implementation Agreements of five key IPPs remain unclear. Negotiations, led by the Special Assistant to the Prime Minister on Power Muhammad Ali, involved private meetings in Rawalpindi with representatives from companies like Hubco, Rousch, and Nishat Group. Some plant owners expressed dissatisfaction over the pressure exerted during discussions, which involved officials from SECP, CPPA-G, and Nepra. The revisions, driven by concerns over exorbitant capacity…

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Sherry Rehman Urges Urgent Climate Action Ahead of COP29

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Sherry-Rehman

ISLAMABAD: PPP Senator Sherry Rehman has stressed the urgent need for bold climate action as Pakistan prepares for the upcoming COP29 summit in Baku. Speaking as the chief guest at an international conference on “Navigating Pakistan’s Climate Action Path: Adaptation, Finance, and Technology,” organized by the Institute of Strategic Studies (ISS) in collaboration with Hanns Seidel Stiftung (HSS), Rehman emphasized Pakistan’s pressing climate challenges. She highlighted that Pakistan, already grappling with extreme weather events and record-breaking heatwaves, is highly vulnerable to climate change. Despite these challenges, the country remains underprepared.…

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