Author: Admin

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has officially exonerated the Water and Power Development Authority (Wapda) from any blame in the delayed restoration of Pakistan’s power system following the countrywide blackout on January 23, 2023. According to Nepra’s report, the total power system collapse occurred at 07:34:43 hours, plunging the nation into darkness. Full restoration was achieved almost 20 hours later, on January 24, 2023. Nepra immediately constituted an Inquiry Committee (IC) to investigate the incident, which included site visits to powerhouses, grid stations, and offices, along with…

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday called on Azerbaijan’s state-owned energy giant SOCAR to seize promising investment opportunities in Pakistan’s oil and gas sector, as the country seeks to attract critical foreign capital amid ongoing energy challenges. During a meeting with Mikayil Jabbarov, Azerbaijan’s Minister of Economy, who led an official delegation to Pakistan, Sharif highlighted Azerbaijan’s strategic interest in the White Oil Pipeline Project, a key infrastructure initiative expected to enhance regional energy connectivity. The discussions focused on strengthening economic ties and exploring a Pakistan-Azerbaijan Joint Investment Company…

The Asian Development Bank (ADB) has approved an additional $48 million in financing for the Balochistan Water Resources Development Sector Project, aimed at addressing prolonged delays and strengthening water security in Pakistan’s largest province. In a statement issued Wednesday, ADB confirmed that the new funding will help complete key components previously stalled due to budget constraints. These include the Churi Infiltration Gallery, the development of the Siri Toi Dam command area, and crucial watershed management interventions. These elements are essential for improving irrigation efficiency, promoting sustainable water use, and curbing…

Barrick Mining Corp remains firmly committed to developing the massive Reko Diq copper and gold project in Balochistan, its interim CEO said on Tuesday, dispelling reports suggesting a potential withdrawal from Pakistan. The $7 billion project — one of the world’s largest undeveloped copper deposits — is jointly owned by Barrick and the Government of Pakistan. Production is expected to begin by the end of 2028. Recent Reuters reports indicated that Barrick’s board had discussed the possibility of restructuring or splitting assets, including a potential sale of Reko Diq and…