Year: 2024

Neelum-Jhelum Project’s Faulty Tunnel to Undergo Rs23bn Repairs

Admin
Neelum-Jhelum

ISLAMABAD: The government has approved Rs23 billion in repairs for the compromised Headrace Tunnel (HRT) of the 969-megawatt Neelum-Jhelum Hydropower Project (NJHP), keeping it offline for an estimated eight more months. At a recent meeting chaired by Planning Minister Ahsan Iqbal, international consultant James Stevenson outlined that a full reconstruction of the HRT would exceed Rs222 billion and take years. Instead, the targeted repairs will focus on the damaged section between kilometers 13 and 16, accessible via horizontal entry points (adits), using concrete lining as a viable, cost-effective solution. Officials…

Read More

Liberal Import Policy Set to Challenge Local EV Assembly

Admin
Electric-Vehicle

KARACHI: The upcoming National Electric Vehicle Policy (NEVP) 2025-30 aims to reshape Pakistan’s automotive industry with a shift from fossil fuel vehicles to electric alternatives through notable tax breaks on imports. However, local EV assemblers are concerned that these liberal import measures will hinder domestic manufacturing efforts. A key feature of the policy draft offers reduced customs duties for imported NEV category vehicles, including cars, SUVs, and light commercial vehicles. Completely Built-Up (CBU) units will enjoy a 25% customs duty until June 30, 2027, increasing to 50% after that, with…

Read More

Government and IMF Face Stalemate Over Energy Sector Challenges

Admin
pak-imf

ISLAMABAD: The government and the International Monetary Fund (IMF) are grappling with unresolved energy sector issues, raising concerns of potential defaults among major public-sector entities. These challenges are casting doubt on the stability of the $7 billion loan program signed just two months ago. The IMF, led by mission chief Nathan Porter, also expressed concern over missed provincial cash surplus targets, especially due to Punjab’s overspending of about Rs160 billion. Despite other provinces meeting targets, the national provincial surplus target of Rs350 billion was missed. In response, the Punjab Assembly…

Read More

FrieslandCampina Engro and Reon Energy Launch 3.4 MW Solar Project to Boost Sustainability in Pakistan’s Dairy Industry

Admin
power-system

Karachi, 14 November 2024 – FrieslandCampina Engro Pakistan Limited (FCEPL), a major player in Pakistan’s dairy industry, has partnered with Reon Energy to establish a 3.4 MW solar power system at FCEPL’s Sahiwal manufacturing facility. This initiative marks a substantial step toward sustainability, enabling FCEPL to generate 5,013.6 MWh of clean energy annually and reducing CO2 emissions by approximately 2,506 tonnes per year. FCEPL CEO Kashan Hasan highlighted the importance of the project, stating, “Our collaboration with Reon Energy strengthens our environmental goals, making dairy production more sustainable and financially…

Read More

amfori Asia Sustainability Summit 2024: Asia’s Role in Shaping Responsible Supply Chains for a Sustainable Future

Admin
amfori-Asia

HONG KONG SAR – amfori, a global leader in sustainable trade, successfully concluded its flagship event, the “amfori Asia Sustainability Summit 2024,” at Hotel ICON in Hong Kong SAR, China. The summit gathered over a hundred stakeholders from Asia and Europe, including policymakers, business leaders, and sustainability advocates, to explore Asia’s pivotal role in global trade resilience and sustainability. Under the theme “Shaping Responsible Supply Chains for a Sustainable Future,” the summit facilitated in-depth discussions on sustainable practices, regulatory compliance, and ESG (Environmental, Social, and Governance) challenges within Asian supply…

Read More