Author: Admin

KP Prioritizes Timely Completion of Hydropower Projects: CM Gandapur

Admin
CM-Gandapur

PESHAWAR: Chief Minister Khyber Pakhtunkhwa, *Sardar Ali Amin Gandapur, has declared the *timely and high-quality completion of hydropower projects a top priority for the provincial government to harness KP’s significant renewable energy potential. Chairing a high-level meeting of the *Energy and Power Department, the chief minister reviewed progress on various hydropower schemes under the **Annual Development Programme (ADP). He emphasized that *100% financial progress must be achieved by the end of the current fiscal year, along with meeting the scheduled physical progress targets. Officials presented detailed briefings on the status…

Read More

Indigenization of Power Sector Crucial for Export-Led Growth: Awais Leghari

Admin
Awais-Leghari

LAHORE: Federal Minister for Energy (Power Division), *Sardar Awais Ahmad Khan Leghari, has emphasized that *indigenization of Pakistan’s power sector is critical for transitioning to an export-oriented economy and reducing reliance on imports. Speaking via video link at the *National Consultative Workshop on Power Sector Indigenization Road Map, jointly organized by the *National Grid Company (NGC) and LUMS Energy Institute, Leghari reiterated the government’s commitment to structural reforms and self-reliance. He noted that significant progress is being made in the power sector, with the Independent System and Market Operator (ISMO)…

Read More

FPCCI Unanimously Approves One-Year Extension for Office Bearers to Align Tenures with Trade Bodies

Admin
FPCCI-Project

KARACHI: In a landmark move, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has unanimously approved a one-year extension in the tenure of its current office bearers to align with the election cycles of other trade bodies across Pakistan. The resolution was passed during a joint session of FPCCI’s *Executive Committee and Extraordinary General Body Meeting, chaired by *Atif Ikram Sheikh, President FPCCI, ECO-CCI, and Vice President of CACCI. The hybrid meeting was held simultaneously at FPCCI’s Capital Office, Head Office Karachi, and Regional Offices in Lahore, Peshawar,…

Read More

FY26 Budget May Allocate Rs1.079 Trillion Power Subsidy Amid Fiscal Constraints

Admin
New-Budget1

ISLAMABAD: The federal government is expected to allocate Rs1.079 trillion in power sector subsidies for the fiscal year *2025-26, slightly down from the *Rs1.190 trillion earmarked for FY 2024-25, according to sources in the Finance Division. This proposed allocation was finalized during recent discussions between Pakistan’s economic team and the International Monetary Fund (IMF) Mission as part of ongoing economic reforms under the Extended Fund Facility (EFF) 2024-27. The Finance Division has issued revised *Indicative Budget Ceilings (IDCs), earmarking *Rs636.136 billion for recurrent power sector subsidies in FY26—an increase from…

Read More

Minister Wattoo Inaugurates Mohmand Dam Phase-II, Declares Water Blockade an “Act of War”

Admin
Mohmand-Dam

PESHAWAR: Federal Minister for Water Resources Muhammad Moin Wattoo on Sunday inaugurated *Phase-II of the Mohmand Dam Project, issuing a strong warning against any attempt to disrupt Pakistan’s water supply, calling such actions an *”act of war.”** Speaking at the inauguration ceremony, Wattoo stressed the strategic and existential importance of water for Pakistan, warning that any violation of the country’s water rights will provoke a firm response. “No one has the right to take our water. Blocking it is equivalent to waging war against us,” he stated. Referencing the *Indus…

Read More