Author: Admin

Electric bikes gain traction

Admin
Electric-bikes

Experts urge govt to formulate comprehensive policy for EVs KARACHI: Electric bike assemblers and dealers in Pakistan are striving to make electric two-wheelers more appealing than the decades-old 70cc petrol versions, with an ultimate goal of replacing combustion engines in a few years. However, questions about the viability of these electric bikes persist due to the lack of proper infrastructure in both urban and rural areas. While electric bikes have been gaining popularity in countries like India, China, Thailand, Vietnam, and Malaysia due to rising fuel costs and environmental concerns,…

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Pakistan eyes $600m Chinese loans

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IMF-Funds

Negotiations at advanced stage, financing may be released by next month ISLAMABAD: Pakistan has sought $600 million in fresh loans from two Chinese banks to bridge a big financing gap and also bets on successful completion of International Monetary Fund (IMF) talks for improvement in its credit rating to borrow from non-Chinese foreign banks. Sources told The Express Tribune that the federal government was in negotiations with the Industrial and Commercial Bank of China (ICBC) and the Bank of China for a total loan of $600 million. Each bank has…

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Discos to seize appliances, impose fines for power theft

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power-fleet

ISLAMABAD: The government has decided to allow electricity distribution companies (Discos) to confiscate electric appliances and equipment besides imposing heavy penalties like ‘detection bills’ equivalent to five years of power consumption against consumers and premises found in electricity theft to make up for the energy losses. The government has sent its decision to the National Electric Power Regulatory Authority (Nepra) for amendments to the Consumer Service Manual (CSM) for notification and implementation. The regulator is expected to wind up the process within a month based on comments from the stakeholders in 10…

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‘Reko Diq deal with Saudi firm this year’

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reko

ISLAMABAD: Care­taker Prime Minister Anwaarul Haq Kakar on Tuesday hoped to conclude a deal for selling a stake to Saudi Arabia in the Reko Diq, one of the world’s biggest gold and copper mining projects, by December. “We are quite excited at the Saudi offer, and we would be very much encouraging their participation, not just in this project but otherwise also,” Mr Kakar said in an interview with Arab News. It is the negotiation part, which is happening between the three parties, and let’s see what sort of outcome comes of…

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Govt making all-out efforts to provide energy to people, industries through LNG: Muhammad Ali

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Muhammad-Ali

ISLAMABAD, Nov 7 (APP): Caretaker Minister for Energy, Power and Petroleum, Muhammad Ali on Tuesday said that to ease the lives of people and businesses, the government was making all-out efforts to provide energy to the people and industries through imported LNG, especially during winters.He was addressing the 29th edition of the Annual Technical Conference (ATC) jointly organized by the Society of Petroleum Engineers (SPE) and the Pakistan Association of Petroleum Geo-scientists (PAPG).The conference was attended by Faheem Haider, Chairman ATC and Chairperson SPE Pakistan Section, Mr Mohamed Al Marzouqi…

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