Author: Admin

Bank Alfalah Wins Dual Honors at Pakistan Banking Awards 2024

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Bank-Alfalah

Karachi, December 2, 2024 – Bank Alfalah has achieved a remarkable milestone at the Pakistan Banking Awards 2024, securing the ‘Best Bank for Digital Excellence’ award for the third consecutive year and the ‘Best Bank for Customer Engagement’ award for the sixth time since 2016. These accolades reflect the Bank’s commitment to innovation and customer-centricity. The recognition for digital excellence highlights its advanced technological solutions, including the recently relaunched Alfa app and pioneering initiatives like Pakistan’s first Digital Cheque Deposit Kiosk. Commenting on the achievement, Atif Bajwa, President and CEO…

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Pakistan-Türkiye Celebrate 77 Years of Diplomatic Ties in Ankara

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Pakistan-Turkiye

Ankara, Türkiye – A celebratory event was held at Pakistan House in Ankara to mark the 77th anniversary of diplomatic relations between Pakistan and Türkiye. The occasion was graced by prominent Turkish leaders, including Former Foreign Minister and Member of Parliament Mevlut Cavusoglu, Chairperson of the Human Rights Investigation Commission of the Turkish Parliament MP Derya Yanik, Former Deputy Prime Minister Recep Akdag, MP Burhan Kayaturk, and dignitaries from academia, business, and media sectors. Strengthening a Historic BondSpeaking at the event, Former Turkish Foreign Minister Mevlut Cavusoglu lauded the enduring…

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Thar Coal produces affordable electricity, but transmission challenges hold back the promise of low-cost power: Murad Shah.

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Thar-Coal

Thar coal produces power for Rs 4.8/KWh compared to imported coal at Rs 19.5/ KWh KARACHI (Dec 2): Sindh Chief Minister Syed Murad Ali Shah stated that Thar Coal is the most affordable source of electricity generation in the country, however, due to transmission constraints, there are instances when the delivery of this inexpensive power is hindered, preventing the full potential of Thar Coal from being realised. “Since 2019, 27000 GWh of electricity has been generated from Thar Coal Block-II at a significantly lower fuel price of Rs 4.8 per…

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Govt to transit major coal power plants to Thar coal

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coal power plants

Aimed to reduce energy costs and reliance on imported coal, the federal government has decided to shift the coal-based power plants at Jamshoro, Thal, and Sahiwal to utilize locally sourced Thar coal. The decision was finalized during the 28th meeting of the Thar Coal and Energy Board, chaired by Sindh Chief Minister Syed Murad Ali Shah. Key federal and provincial officials, including Energy Minister Nasir Hussain Shah and Federal Finance Minister Senator Aurangzeb, participated in the meeting. The Sindh Chief Minister highlighted that electricity from Thar coal costs just Rs…

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Qatar Energy signs long-term LNG deal with Shell for delivery to China

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qatar energy

SINGAPORE: State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with liquefied natural gas (LNG) for delivery to China. The deal is for the supply of three million metric tons per annum year of LNG, said QatarEnergy in a statement on Monday, adding that the agreement will start in January 2025. QatarEnergy added that the agreement highlights the continued growth of China’s LNG market, but did not say how long the duration of the supply deal with Shell would be.…

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