Author: Admin

K-Electric Leadership Meets Government Officials to Address Pending Issues

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K-Electric1

ISLAMABAD, January 17, 2025 – A delegation from K-Electric (KE), led by Chairman of KE’s Board of Directors Mark Skelton, held meetings with key government authorities to address long-standing issues, including unresolved tariffs and financial claims, informed sources told Business Recorder. The discussions focused on KE’s generation tariff proposal, which has faced criticism from Power Minister Sardar Awais Leghari for potentially imposing an additional financial burden of Rs. 500 billion on consumers over a seven-year period. A separate high-level meeting to discuss KE’s issues, initially scheduled for Thursday under the…

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Diamer-Bhasha Dam Project Cost Surges by 119.21% Amid Design Revisions and Security Needs

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Bhasha-Dam

ISLAMABAD – The cost of the Diamer-Bhasha Dam project has escalated by 119.21%, rising from Rs479 billion to Rs1.05 trillion, due to revised designs, enhanced security measures, and other external factors, according to Minister for Water Resources Musadik Malik. In a written reply to the National Assembly, the minister cited the redesign of the main dam to accommodate updated seismic parameters by the International Commission on Large Dams (ICOLD). Modifications also included the diversion scheme, flushing tunnel, hydro-mechanical works, and revised flood safety measures, driven by additional geological investigations. Security…

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Finance Minister Calls for Timely Implementation of NEV Policy 2025-30

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Aurangzeb-ipps

ISLAMABAD – Federal Minister for Finance Muhammad Aurangzeb has emphasized the urgent need for the timely development and implementation of Pakistan’s New Energy Vehicle (NEV) Policy 2025-30 to drive the country’s transition to clean energy in the transport sector. Chairing a high-level meeting, the minister highlighted the importance of coordinated efforts to achieve the policy’s ambitious targets, aligning them with Pakistan’s environmental and economic priorities. The Industries and Production Secretary presented a comprehensive overview of the current state of the EV industry, focusing on key challenges such as infrastructure gaps,…

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Suzuki Motor Taps India as Global Electric Vehicle Production Hub

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New-Suzuki

New Delhi– Suzuki Motor Corporation has declared India its global production hub for electric vehicles (EVs), with plans to export EVs to markets including Japan and Europe. Despite a global slowdown in EV sales, Suzuki Motor President Toshihiro Suzuki expressed confidence in India’s potential for EV growth. India, Suzuki’s largest market by sales and revenue through its subsidiary Maruti Suzuki, will see the launch of Maruti’s first EV, the e-Vitara mid-sized SUV, on Friday. This model will not only serve the domestic market but also be exported globally, including to…

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Pakistan Seeks France’s Green Fund Support for Electric Vehicle Transition

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Electric-Vehicle1

Islamabad – Federal Minister for Power Awais Ahmad Khan Leghari has invited France’s Green Fund to support Pakistan’s transition to electric vehicles (EVs), focusing on small vehicles. The proposal was made during a meeting with French Ambassador to Pakistan Nicolas Galey in Islamabad. The Minister highlighted Pakistan’s recently introduced Electric Vehicle (EV) Policy, which aims to deliver annual fuel savings worth billions of dollars while promoting environmental sustainability. He noted that the transition would also reduce transportation costs, easing the financial burden on the public. Ambassador Galey commended Pakistan’s successful…

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