Author: Admin

Sindh’s solar power potential to be tapped to fulfil Bilawal poll campaign promise of 300 units of free electricity

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solar-power

Newly appointed Sindh Energy Minister, Syed Nasir Hussain Shah, has said the execution of the ongoing solar power projects will be expedited for fully tapping the clean energy potential of Sindh to fulfil the election campaign promise of PPP Chairman Bilawal Bhutto Zardari to provide 300 units of free electricity to underprivileged consumers.Shah stated this while chairing an introductory meeting with the officials of the Sindh government’s Energy Department after he assumed charge of his ministerial position a day after he took the oath of the office of provincial minister.The…

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Dr. Musadik Malik Assumes Office as Federal Minister of Energy

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Musadik-Malik

ISLAMABAD – Dr. Musadik Malik has officially taken charge as the Federal Minister of Energy, marking the beginning of his tenure at the Ministry of Energy. Upon his arrival, he received a warm welcome from the Secretary of Petroleum and other officials of the ministry. Addressing the gathering, Dr. Malik expressed the government’s dedication to facilitating both local and foreign investment in the gas and minerals sector, emphasizing that the well-being of the people remains the top priority for the current administration. He reiterated the government’s commitment to ensuring uninterrupted…

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Planning Commission’s LEAP Model Targets Pakistan’s Energy Challenges

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renewal-energy

Islamabad – The Planning Commission’s new initiative, centered around a long-term integrated energy demand and supply model based on a long-range energy alternatives planning (LEAP) framework, aims to address Pakistan’s persistent energy challenges. Muhammad Nauman Hafeez Khan, a research analyst on energy policy at the Ministry of Planning, Development, and Special Initiatives, highlighted the critical role of this initiative in providing comprehensive energy planning at the national level. Khan emphasized the need for integrated energy planning to guide various energy-related departments over a span of five to 15 years. He…

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KP Chief Minister Calls for Action on Federal Dues, Emphasizes Hydropower Rights

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Karot-Hydropower

During a meeting at the Chief Minister’s House in Peshawar, KP Chief Minister Ali Amin Khan Gandapur emphasized the significant outstanding dues owed to Khyber Pakhtunkhwa (KP) by the federal government. Under the ‘AGN Qazi Formula’, the federal government owes KP a substantial amount of Rs 1,510 billion as net hydel profit (NHP). Additionally, arrears totaling Rs. 6 billion, pertaining to the province’s electricity supplied to the national grid, remain unsettled. Attendees of the meeting included Advisor to Chief Minister for Finance Muzammil Aslam, Chief Secretary Nadeem Aslam Chaudhry, and…

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SNGPL Proposes Tax Law Amendments to Alleviate Financial Strain

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Gas-Project

In a bid to alleviate financial burdens, the Sui Northern Gas Pipeline Company Limited (SNGPL) has recommended amendments to tax laws, aiming to revise sales tax, income tax, and minimum turnover tax, sources within the Petroleum Division informed Business Recorder. The proposed amendments address various tax issues previously highlighted by SNGPL, which were not addressed in the Finance Act 2023. The company stressed the urgency of providing relief in the upcoming Finance Bill for FY 2024-25, citing adverse effects on liquidity and profitability. Sales tax issues concerning RLNG (Re-gasified Liquefied…

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