Month: April 2025

Kuwait extended oil credit facility for two years, Ali Pervaiz Malik

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Federal Minister for Petroleum Ali Pervaiz Malik was called on by H.E Nassar Abdulrahman J Almutairi, the Ambassador of the State of Kuwait to Pakistan at the Ministry of Petroleum in Islamabad. Ali Pervaiz Malik expressed gratitude for support of brotherly countries like Kuwait which has been pivotal for the structural reforms that Prime Minister Shehbaz Sharif has been successful to pull off. The Kuwaiti Ambassador commended Pakistan’s significant economic progress under the leadership of Prime Minister Shehbaz Sharif, particularly in stabilizing the economy and improving the investment climate. He…

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Rs 300 Billion Oil Savings to Benefit Balochistan

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Oil prices

Prime Minister Shehbaz Sharif has announced that Rs 300 billion in oil savings will be allocated to Balochistan. This significant development aims to boost the province’s economic growth and development. Key Points: Possible Areas of Focus: This allocation demonstrates the government’s commitment to Balochistan’s development and its efforts to ensure equitable distribution of resources across provinces. Story by Zulfiqar Ahmed

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Industry Backs Early Approval of Solar Projects to Boost Renewable Energy Sector

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Solar-Project1

The industry has expressed strong support for the early approval of solar projects, emphasizing the need to expedite the process to boost the renewable energy sector. This move is seen as crucial for Pakistan’s transition towards sustainable energy solutions and reducing dependence on fossil fuels. Key Points: Benefits of Early Approval: Challenges and Opportunities: By expediting the approval process for solar projects, Pakistan can unlock the potential of renewable energy, drive economic growth, and move towards a more sustainable future.

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Power Consumers Set to Receive Rs 515 Billion Tariff Relief

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electricty

In a significant move aimed at alleviating the financial burden on households and industries, power consumers are expected to receive a substantial relief of Rs 515 billion in terms of electricity tariff reduction. According to sources, this decision is part of the government’s efforts to address the concerns of power consumers and provide relief to those affected by high electricity tariffs. The reduction in tariffs is expected to benefit millions of consumers across the country, particularly middle-class families and industries that have been struggling with high electricity costs. The relief…

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WAPDA Justifies Cost Escalation of Dasu Hydropower Project

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Dasu-Hydropower1

The Water and Power Development Authority (WAPDA) has provided justification for the cost escalation of the Dasu Hydropower Project. Although the exact details of the justification are not available, such projects often face cost increases due to various factors, including: WAPDA’s justification likely addresses these factors and provides a detailed explanation for the cost increase. The Dasu Hydropower Project is a significant undertaking aimed at increasing Pakistan’s power generation capacity. According to Prof Dr Ahsan Iqbal, Minister for Planning, Development and Special Initiatives, Pakistan is poised for economic growth, with…

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