Day: October 21, 2024

Ahsan hopes Pakistan economy volume to reach $3 trillion in 23 years

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ahsan-iqbal

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal on Monday hoped that the annual volume of Pakistan’s economy will be $ 3 trillion and the country will be counted among the top 10 economies of the world in 100 years of independence in 1947. In the current era, data-driven, knowledge economies are ruling the world, and data sets, data integration and Artificial Intelligence are significant for the sustainable economic development of any country, the Minister said. Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal said…

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Prime Minister of Kazakhstan Welcomes WPC Energy President as Preparations Begin for 2028 Energy Congress in Astana

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Kazakhstan-01

In preparation for the 26th WPC Energy Congress set to take place in Astana in 2028, Mr. Pedro Miras, President of WPC Energy, paid a working visit to Kazakhstan’s capital. Organized by the Kazakhstan National Committee of WPC Energy, represented by the KAZENERGY Association, the visit included meetings with Prime Minister Olzhas Bektenov and a tour of the EXPO International Exhibition Centre, the future venue for the Congress. During talks, the Prime Minister reaffirmed Kazakhstan’s commitment to hosting the “Energy Olympics,” which will mark the first time this prestigious event…

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“Pakistan’s Solar Panel Imports Drop, Prices Set to Rise Soon”

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Solar-Power

Due to a dramatic drop in solar panel prices, residential, commercial, and industrial consumers had been installing panels at an increasing rate. However, after a prolonged period of price decreases, market experts now suggest that the reduced volume of imports could either stabilize prices or lead to an increase in the coming months. According to a report, the sharp drop in solar module prices over the past few months led to a surge in imports, as consumers gravitated toward renewable energy solutions. However, by September 2024, Pakistan’s solar panel imports…

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Ogra Seeks Clarification from SSGC Over Geyser Charges in Gas Bills

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OGRA

KARACHI: The Oil and Gas Regulatory Authority (Ogra) has requested an official explanation from the Sui Southern Gas Company (SSGC) regarding charges related to geysers appearing on consumers’ gas bills. Ogra has asked SSGC to provide a detailed written response concerning the pricing of geysers and associated installation fees. The authority emphasized that consumers are not required to use SSGC’s contractors for installation and can handle it independently. Recently, SSGC began charging Rs2,085 for ‘conical baffles’ under its geyser campaign, aimed at improving safety and reducing gas consumption. Ogra advised…

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World Bank, ADB, and IsDB Express Willingness to Finance NTDC Projects

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Asian-bank

ISLAMABAD: The World Bank (WB), Asian Development Bank (ADB), and Islamic Development Bank (IsDB) have conveyed their readiness to finance three key projects of the National Transmission and Despatch Company (NTDC), while advising private sector participation for the Ghazi Brotha to Faisalabad West Transmission Line, sources from the Economic Affairs Division (EAD) informed Business Recorder. During a meeting chaired by Secretary EAD, Dr. Kazim Niaz, it was revealed that both ADB and WB committed $500 million each, while IsDB pledged $200-320 million. The financing will be directed toward the Matiari-Moro-Rahim…

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