Author: Admin

BRI drives Pakistan’s green transformation

Admin
solar-panel

Solar energy market expected to grow from 1.3GW in 2023 to 9.77GW by 2028 BEIJING: “The Green Silk Road is an important tool that can help us all pull out of the dead ends of the past and set us on a new pathway that benefits people and planet alike,” United Nations Secretary-General Antonio Guterres emphasised in his speech at the high-level forum on green development of the third Belt and Road Forum for International Cooperation held on October 18. With the theme of Green Silk Road for Harmony with…

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PM returns from China with more pacts under his belt

Admin
China-Pakistan

• Pakistan joins China’s moon programme• Kakar offers Friday prayers in Xinjiang• Khunjerab border crossing to operate throughout the year ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar returned home on Friday evening after a whirlwind five-day China trip that took him to places where only few foreign dignitaries before him visited, and one that saw Islamabad and Beijing ink over 20 agreements, covering areas from currency swapping to building a research station on the moon’s south pole. Although both sides vowed to cement ties in various fields, especially for China-Pakistan…

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K-Electric inks deal to double national grid supply

Admin
power-tariff

ISLAMABAD: K-Electric (KE) has reached an agreement with the federal government for an almost 100 per cent boost in supply from the national grid, the power utility said on Thursday. The announcement comes amid stiff opposition from Karachi-based business leaders who have objected to KE’s push for a higher quarterly tariff. They have also raised concerns over KE’s six-year power acquisition plan, which forecasts an addition of 2,050 megawatts, predominantly from local coal and renewable sources. The National Electric Power Regulatory Authority (Nepra) conducted two public hearings on Thursday and…

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Markets fall again and oil rises on Middle East, Fed fears

Admin
Oil price

Asian markets fell and oil prices extended gains Friday on worries that an expected ground invasion of Gaza by Israel will spark a wider conflict in the Middle East. Risk aversion was compounded by Federal Reserve boss Jerome Powell, who indicated a pause in interest rates at the bank’s next meeting but left open the prospect of another hike later. Traders are keeping a fearful eye on developments in the Middle East as Israel presses on with its bombing of Gaza after Hamas militants killed at least 1,400 people in Israel on October…

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Central Power Purchasing Agency seeks 55-paisa FCA for Discos

Admin
power-subsidy

ISLAMABAD: The Central Power Purchasing Agency (CPPA) on Thursday sought about 55 paise per unit additional fuel cost adjustment (FCA) for ex-Wapda distribution companies (Discos) to mop up another Rs7bn from consumers next month, despite a record 77pc electricity generation from cheaper domestic fuels, on top of a 26pc increase in the annual base tariff and an 18pc hike under the currently in-place quarterly tariff adjustment (QTA). In a petition filed before the National Electric Power Regulatory Authority (Nepra), the CPPA acting as commercial agent of the Discos, demanded an…

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