Author: Admin

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday assured the Khyber Pakhtunkhwa government of the federal government’s support regarding National Finance Commission (NFC) releases and related fiscal matters during a meeting with KP Chief Minister’s Adviser on Finance, Muzamil Aslam. The meeting, attended by senior officials from the Finance Division and the Khyber Pakhtunkhwa government, focused on a range of fiscal and development issues, including the timely release of funds for merged districts, financing needs for rehabilitation programmes, and support for temporarily displaced persons. The KP…

Read More

KARACHI: Pakistan’s energy transition narrative is increasingly pulling in two opposing directions, creating a policy and investment dilemma centred on Port Qasim and a Rs90 billion coal-dedicated railway line from Thar. On one side, the government is close to completing a massive rail infrastructure project designed exclusively to transport lignite coal from the Thar Desert to Port Qasim. The stated objective is to reduce dependence on costly imported fuels by utilising domestic coal for power generation and industry. On the other, the same port is being promoted internationally as a…

Read More

San Diego: GE Vernova Inc. (NYSE: GEV) has expanded its Grid Automation portfolio with the launch of GridBeats™ APS (Automation and Protection System), a new solution aimed at helping utilities modernize substations and manage increasingly complex power grids. Part of the GridBeats™ software-defined portfolio, the new system acts as a unified platform for protection and control applications within electrical substations. By leveraging GE Vernova’s patented hardware abstraction technology, GridBeats™ APS significantly reduces hardware requirements, device footprints, and cybersecurity complexity while maintaining high levels of reliability and performance. The solution allows…

Read More

ISLAMABAD: Wafi Energy Pakistan Ltd is considering investing up to $100 million in Pakistan over the next two to three years, as improving macroeconomic stability and stronger foreign exchange buffers help restore investor confidence, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said on Monday. According to a statement issued by the Ministry of Finance, the finance minister held a meeting with a delegation of Wafi Energy Pakistan Ltd at the Finance Division to review the company’s current operations, investment plans and broader issues facing the oil marketing and…

Read More

ISLAMABAD: Pakistan is participating in the inaugural Critical Minerals Ministerial at the US Department of State this week, as Islamabad steps up efforts to attract foreign investment and build strategic partnerships in the minerals and energy sectors. Federal Minister for Energy Ali Pervaiz Malik is representing Pakistan at the two-day conference, which has brought together delegations from more than 50 countries to discuss strengthening and diversifying global supply chains for critical minerals—key inputs for advanced technologies, clean energy transitions and defence industries. Hosted by the US State Department, the ministerial…

Read More