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Year: 2024

Government Proposes Carbon Tax on Fuel to Secure IMF Support

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New-IMF

Insiders say move will facilitate green bonds, cheaper loans from multilateral institutions Withholding tax on bank transactions for non-filers likely to be hiked; carrot-and-stick approach to broaden tax baseFiscal adjustment of Rs1.6 trillion likely through additional revenue measures, privatisation ISLAMABAD: In a bid to secure continued support from the International Monetary Fund (IMF), the government is considering introducing a carbon…

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PM Shehbaz Facilitates Historic Energy Agreement in AJK

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Shahbaz-Sharif

In a significant stride towards bolstering Pakistan’s energy infrastructure, Prime Minister Muhammad Shehbaz Sharif presided over the signing of a momentous Memorandum of Understanding (MoU) between the Governments of Pakistan and Azad Jammu and Kashmir. The agreement, inked on 16 May 2024, paves the way for the ambitious 960 MW Dudhnial Hydropower Project. The ceremony, graced by dignitaries and officials…

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Time to Act: Accelerating Renewables for a Sustainable, Reliable, Affordable Energy Future

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K-Electric

Karachi, May 16, 2024: Although Pakistan continues to grapple with its energy challenges, the nation has been actively incorporating renewable energy into its energy strategy. To delve deeper into this critical topic, Nutshell Group hosted the most recent iteration of their webinar series, ‘The Future of Energy’ in collaboration with K-Electric, titled The Trajectory of Renewable Energy in Pakistan. K-Electric’s…

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No Fixed Tax on Solar Panels: Owais Leghari

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solar-panel

Karachi (TV Report): In the Geo TV program “Aaj Shahzeb Khanzada Ke Saath,” Federal Minister for Power Division Owais Leghari clarified that there are no plans to impose a fixed tax on solar panels. He emphasized that the determination of electricity tariffs for the next year is independent of the IMF’s influence. Leghari expressed a desire for more people to…

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Chinese Technology JI Acquires Licenses for LONGi Solar Panels and Huawei Inverters in Pakistan

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solar-panel

LAHORE – Chinese Technology JI has obtained licenses to distribute LONGi solar panels and Huawei inverters in Pakistan and Afghanistan. Operations commenced following an inauguration ceremony led by CEO Mr. JI from China. During the opening ceremony, Mr. JI highlighted the rising demand for solar panels in Pakistan. “We will provide comprehensive solar panel solutions with substantial financial backing, utilizing…

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UAE Introduces 10-Year Blue Visa for Environmental Experts

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Blue-Visa

ABU DHABI: The United Arab Emirates (UAE) has introduced the Blue Visa, a special ten-year residency permit tailored for environmental experts. This initiative, approved by the UAE cabinet, underscores the government’s commitment to environmental conservation. The Blue Visa is aimed at individuals dedicated to environmental improvement through research, advocacy, conservation efforts, and other initiatives. It acknowledges the critical work these…

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PPIB Urges SECMC to Supply Thar Coal to LEPCL

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Thar-Coal

ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has called on Sindh Engro Coal Mining Company (SECMC) to provide a detailed schedule for Phase 3 of the Thar coal project, including key milestones such as financial close and Commercial Operation Date (COD). Additionally, PPIB has requested the supply of local coal to Lucky Electric Power Company Ltd (LEPCL) for its…

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PM Directs NEPRA, Power Division to Revise Net Metering Rules

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solar-energy

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the National Electric Power Regulatory Authority (NEPRA) and the Power Division to amend net metering regulations to rationalize buyback rates, sources told Business Recorder. The decision came during a recent meeting on the power sector chaired by the Prime Minister, with top officials from relevant authorities in attendance. The increasing adoption of solar…

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KPOGCL Signs PCA with Government for Miran Petroleum Block

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New-KPOGCL

PESHAWAR: Khyber Pakhtunkhwa Oil & Gas Company Limited (KPOGCL) has signed a Petroleum Concession Agreement (PCA) with the Government of Pakistan for the Prospective Miran Petroleum Block, located in North Waziristan and Kurram Districts of Khyber Pakhtunkhwa. In a statement issued on Wednesday, KPOGCL’s Chief Executive Officer, Nasir Khan, hailed the agreement as a significant milestone in KPOGCL’s strategic expansion…

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