Author: Admin

Govt to Replace All Conventional Power Meters with AMI Smart Meters by December 2026, NA Panel Told

Admin
Power-Plants

ISLAMABAD: The government will replace all conventional electricity meters with Advanced Metering Infrastructure (AMI) smart meters by December 2026 to curb power theft and improve real-time monitoring of the distribution network, the National Assembly Standing Committee on Privatisation was informed on Wednesday. Briefing the committee, chaired by Farooq Sattar, Additional Secretary Power Division Syed Imtiaz Hussain Shah said that 1.5 million AMI meters have already been installed—one million in Islamabad and 500,000 across other regions. He noted that AMI meters, combined with the Asset Performance Management System (APMS), have helped…

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CPEC Power Projects Struggle as Unpaid Dues Surge to Rs 450bn

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CPEC-Projects

ISLAMABAD: The financial challenges confronting power projects under the China-Pakistan Economic Corridor (CPEC) have resurfaced, with their outstanding receivables once again soaring to Rs 450 billion. This comes despite the government’s payment of Rs 100 billion ahead of Prime Minister Shehbaz Sharif’s recent visit to China, sources in the Private Power & Infrastructure Board (PPIB) told Business Recorder. The mounting dues have frustrated Chinese power companies as well as other foreign investors. According to sources, the investment firm of Qatar’s former prime minister — which poured over $1 billion into…

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Pakistan, Bahrain Set $1 Billion Trade Goal as Leaders Deepen Strategic Ties

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New-Project46

Prime Minister Shehbaz Sharif and Bahrain’s Crown Prince and Prime Minister Prince Salman bin Hamad Al Khalifa have agreed to raise bilateral trade to US$1 billion within three years — a significant step toward strengthening economic and strategic cooperation. The agreement was reached during a meeting at Qasr Al-Qudaibiya in Manama, where both leaders placed economic partnership at the forefront. Current trade stands at over US$550 million, with momentum expected to grow through the near-finalisation of the Pakistan–GCC Free Trade Agreement and recent visa relaxations aimed at boosting business mobility.…

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Pakistan Pays a Heavy Price for Climate Inaction, Warns Musadik Malik

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musadik-malik

ISLAMABAD: Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik has cautioned that Pakistan is already bearing severe human and economic costs due to delayed climate action. He was speaking at a panel discussion titled “Climate Resilience: Who Pays the Price for Delay?” organised by the Pakistan Business Council. Malik highlighted the staggering toll of climate-induced disasters, noting that around 4,700 people have lost their lives in the last four major floods — a number exceeding casualties from any war in Pakistan’s history. Nearly 18,000 individuals have suffered…

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Pakistan Nears Financial Close for $3.5bn Reko Diq Copper-Gold Project

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Reko-Diq

ISLAMABAD: Pakistan and its international partners are poised to achieve financial close within the next two weeks for the multibillion-dollar Reko Diq copper and gold mining project, securing $3.5 billion in funding to advance one of the country’s most significant resource ventures. Sources confirmed that Pakistan has devised both Plan A and Plan B to ensure smooth execution of the project. Under the primary plan, financing is being arranged through lenders, while construction at the site has already begun, with machinery deployed even ahead of the financial close. A formal…

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