Month: January 2025

Nepra and GIZ Sign MoU to Strengthen Pakistan’s Power Sector

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New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have signed a Memorandum of Understanding (MoU) to advance Pakistan’s energy sector with a focus on regulatory improvements and renewable energy integration. The agreement was signed by Nepra Registrar Waseem Anwar Bhinder and GIZ Cluster Coordinator for Energy and Climate, Wolfgang Hesse. Under the MoU, both organizations will collaborate on: Developing a regulatory framework for Battery Energy Storage Systems (BESS).Enhancing the distribution code to support renewable energy, electric vehicles (EVs), and smart technologies.Revising net metering…

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4th AlBaraka Forum Regional Conference Showcases Sukuk’s Role in Global Sustainable Finance

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Al-Baraka

KARACHI – The 4th AlBaraka Forum Regional Conference, held at Marriott Hotel, Karachi, successfully explored the transformative role of Sukuk in driving sustainable economic growth. Organized by the AlBaraka Forum for Islamic Economy in collaboration with the Islamic Chamber of Commerce and Development (ICCD) and with Al Baraka Bank Pakistan as the platinum partner, the event centered around the theme “Sukuk for Sustainable Development: International Best Practices.” The conference featured distinguished speakers, including Mr. Saleem Ullah, Deputy Governor, State Bank of Pakistan, H.E. Mr. Akif Saeed, Chairman, Securities and Exchange…

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Easypaisa Bank Becomes Pakistan’s First Licensed Digital Retail Bank

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New-Easypaisa

KARACHI: The State Bank of Pakistan (SBP) has granted the country’s first digital retail bank licence to Easypaisa Bank, formerly Telenor Microfinance Bank Ltd, allowing it to commence commercial operations. At a ceremony held at the SBP, Governor Jameel Ahmad awarded the licence, highlighting the bank’s potential to drive financial innovation, expand financial inclusion, and provide affordable digital banking services. He reiterated SBP’s commitment to fostering a robust digital banking framework in Pakistan through a structured licensing process. Easypaisa Bank was among five entities that received NOCs from SBP in…

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Illegal LPG Transfer Triggers Deadly Explosion in Multan

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New-LPG1

MULTAN: A tragic LPG fire and explosion near the Industrial Estate in Multan has claimed multiple lives and caused extensive property damage. The incident was triggered by the illegal transfer of LPG from a bowser to cylinders at an unauthorized facility, where CO₂ was also being mixed with LPG. According to preliminary findings, prolonged LPG leakage led to the accumulation of gas in the surrounding area. As LPG is heavier than air, it spread unnoticed until an ignition source triggered a devastating explosion, resulting in severe casualties and destruction. The…

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Bilawal underlined need for more private investment in Sindh’s solar, wind energy sectors

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Bilawal-Bhutto

Pakistan Peoples Party Chairman, Bilawal Bhutto, while highlighting Sindh’s unmatching potential in the energy sector has underlined the need for increased private investment in Sindh’s solar and wind clean power sectors.Criticizing the determination of electricity tariffs in Islamabad without consulting the business community or the provincial government, he called it a major issue, adding, “It is you and I who bear the consequences of such policies.”Speaking about investment opportunities in the province, Chairman Bilawal Bhutto Zardari said that Sindh has as much coal as Saudi Arabia has oil. He highlighted…

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