Day: September 8, 2025

Chairman WAPDA, World Bank’s Country Director discuss financial matters of Dasu, Tarbela 5th Extension HPP

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Hydro-Project

September 8, 2025: Chairman WAPDA Lt Gen Muhammad Saeed (Retd) was called on by World Bank’s Country Director for Pakistan Ms. Bolormaa Amgabbazar to review financial matters of Dasu and Tarbela 5th Extension hydropower projects. It is important to note that World Bank is providing financial support worth US$ 1517 million for under-construction Stage-I of Dasu Hydropower Project and US$ 390 million for Tarbela 5th Extension Hydropower Project. Besides, the World Bank is also funding Institutional Assessment and Reforms Consultancy Services (IARC) for WAPDA. During the meeting, the Chairman appreciated…

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GoodWe Sign Strategic MoU with ZNC, Witnessed by Pakistan’s Prime Minister

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New-Project14

Beijing, September 4, 2025  At the 2nd Pakistan–China Business-to-Business (B2B) Investment Conference in Beijing, GoodWe signed a landmark Memorandum of Understanding (MoU) with its Pakistani partner, CEO of ZNC Solar, Mr. Anees Arif, witnessed by Prime Minister Muhammad Shehbaz Sharif and his delegation. This high-level endorsement underscores the strategic importance of GoodWe’s continued role in advancing Pakistan’s energy transformation. At the conference, GoodWe, represented by Founder and CEO, Mr. Daniel Huang, Head of Southeast & South Asia Sales, Mr. James Hou, and Country Manager at GoodWe Pakistan, Mr. Fahad Ali,…

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Audit Reveals Rs6.5m Solar Panels Stolen from 50 Punjab Schools

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Solar-Panels

LAHORE: An audit report submitted to the Punjab Assembly’s Public Accounts Committee-III has uncovered theft of solar panels worth over Rs6.5 million from 50 government schools in Rajanpur district during 2022–23. The revelation sparked strong concern from the committee, which directed police to expand investigations across Punjab, warning that similar incidents could be occurring in other districts. Committee member Tanveer Aslam Malik pressed for strict directives to be issued to district police officers in the affected areas. He also called for a detailed record of all targeted schools and an…

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Floods 2025 Inflict $1.4bn Blow on Pakistan’s Economy, Agriculture Sector Worst Hit

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Floods-2025

KARACHI: The devastating monsoon floods of 2025 are set to inflict losses of around Rs409 billion ($1.4 billion) on Pakistan’s fragile economy, equivalent to 0.33% of GDP, according to initial estimates by Arif Habib Limited (AHL). Agriculture, the backbone of the economy, is expected to absorb the heaviest blow, with damages of nearly Rs302 billion ($1 billion) — almost three-fourths of the total. AHL warned that the sector’s vulnerability to climate shocks is once again threatening food security and rural livelihoods. The floods have submerged 1.3 million acres of farmland…

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Power Division Seeks PM Shehbaz’s Nod for Rs1.225tr Loan Deal to Ease Circular Debt

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Energy-Debt

ISLAMABAD: The Power Division has requested Prime Minister Shehbaz Sharif to personally witness the signing of agreements with 18 banks for raising Rs1.225 trillion in loans aimed at partially retiring the power sector’s circular debt, which currently stands at around Rs1.7 trillion, down from Rs2.5 trillion, official sources confirmed. All codal formalities for the massive financing package have been completed. The boards of Discos, the Central Power Purchasing Agency-Guarantee (CPPA-G), Power Division, and Finance Division have cleared the agreements, while all requisite documents and guarantees are now in place. Sources…

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