Author: Admin

Solar PV projects under G2G mode: PM allows PD to seek approval of summary from Cabinet

Admin
solar-energy

ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq Kakar has allowed Power Division to seek approval of a summary on draft G2G framework agreements with Saudi Arabia, United Arab Emirates (UAE), Qatar and Kuwait, etc, from the federal cabinet through circulation, well-informed sources told Business Recorder. Sharing the details, sources said the cabinet on October 18, 2022 approved several interventions under the Framework Guidelines for Fast-Track Solar PV Initiatives 2022 for fast-track deployment of solar PV projects including, inter alia, substitution of expensive imported fossil fuels with solar PV Energy Initiative. Under this initiative,…

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Energy sector: Major step taken towards reducing circular debt

Admin
Power-generation

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar directed the Ministry of Energy to prepare and submit a comprehensive and sustainable plan after consultation with the Finance Ministry to reduce the circular debt of power and gas sectors. The caretaker prime minister directed this during a review meeting he presided over on the action plan to reduce the circular debt in the energy sector. He stated that soon after coming into government, the caretakers have taken steps to restore the economy on a priority basis. He further stated that the caretaker government…

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Ready to upgrade CPEC, says Beijing

Admin
CPEC-likely

BEIJING / ISLAMABAD: China has said it is ready to work with Pakistan to upgrade the China-Pakistan Economic Corri­dor (CPEC) and accelerate the building of an even closer China-Pakistan community with a shared future in the new era. Separately, caretaker Prime Minister Anwaarul Haq Kakar said after having achieved the first phase of CPEC, Pakistan is benefiting from its early harvest projects while remaining engaged with China to execute the next phase. Chinese foreign ministry’s spokesperson Wang Wenbin while answering a question during a briefing on Wednesday said, “China stands…

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Role of AI in everyday life needs interdisciplinary discourse for promotion of unconventional thinking: Jutice Baqar

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Jutice-Baqar

KARACHI (Jan 24): Caretaker Sindh Chief Minister Justice (Retd) Maqbool Baqar has said that technological advancement, energy conservation, alternate energy resources, and the pivotal role of artificial intelligence (AI) in everyday life have made it essential to carry out such interdisciplinary discourse for promotion of unconventional thinking, breaking the silos and challenging the norms which are gradually becoming obsolete. This he said while speaking at a Two-day international conference organised by Dawood University of Engineering & Technology on Blurring the Barriers: Interdisciplinary of Architecture at the University auditorium on Wednesday.…

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E&P companies will be investing over USD 33.3 million in three years in eight blocks

Admin
New-OGDCL

Government of Pakistan on 24th January, 2024 in Prime Minister’s Secretariate, Islamabad, executed Petroleum Concession Agreements (PCAs) and Exploration Licences (ELs) over block no. Kotra East (2867-8), Murradi (2767-7), Sehwan (2667-19) and Zindan-II (3271-9) with Oil & Gas Development Company Limited (OGDCL), Multanai (3168-3) with Pakistan Oilfields Limited (POL), Sawan South (2668-26) with United Energy Pakistan Limited (UEP) – a Chinese Exploration & Production Company, Gambat-II (2668-25) with Joint Venture of Pakistan Petroleum Limited (Operator) and OGDCL and Saruna West (2666-1) with Joint Venture of POL (Operator), PPL and OGDCL.Signing…

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