Author: Admin

Government to Cut Returns and Boost Investments to Lower Power Tariffs

Admin
Power-sector

ISLAMABAD: In response to growing concerns over unaffordable energy tariffs, the government is planning to reduce the return on equity (ROE) for its power plants and offer improved prices to attract more investments in hydrocarbon exploration and development. Sources informed Dawn that the government has decided to scale down the ROE for public sector power projects, including hydropower. With many ongoing projects’ financials tied to local and international debt, various financial models are under consideration. The trade-off between revising returns on government equity and potential impacts on the budget or…

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“NFEH to Hosts Conference on Nexus of Climate Change and Food Security and 21st Annual Environment Awards on Aug 7”

Admin
Food-Safety

Karachi – The National Forum for Environment and Health (NFEH) is set to host a significant conference focusing on the nexus between climate change and food security at a local hotel on August 7th. The event will feature prominent figures including Minister for Environment, Climate Change and Coastal Development Dost Muhammad Rahimoon, and Sindh Energy and Planning & Development Minister Syed Nasir Hussain Shah as the chief guests. The theme for this year’s conference, “Securing Resilient Livelihoods,” underscores the importance of creating sustainable and robust communities in the face of…

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Timely Action by OGRA, Provincial Government of Sindh, and Law Enforcement Agencies Prevents Catastrophe in Panu Aqil

Admin
Oil-Gas

August 5th, 2024: The Oil and Gas Regulatory Authority (OGRA), in collaboration with the Government of Sindh, the District Government, and law enforcement agencies, has successfully halted the illegal mixing of CO2 gas with LPG in and around Panu Aqil, Sukkur. A decisive action has been taken against those violating the law, with FIRs registered and court proceedings initiated. This prompt intervention has averted a potential catastrophe that could have resulted in massive explosions, significant damage to public property, and a substantial loss of human lives. Recently, OGRA has taken…

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Maritime Minister to leave for Denmark this month to ink MoU for US$2bln investment by Maersk

Admin
New-Project

KARACHI: Federal Minister for Maritime Affairs Qaiser Ahmed Sheikh, while appreciating Karachi Chamber for organizing 19th My Karachi Exhibition in a lively manner, informed that he will be leaving for Denmark this month to sign a Memorandum of Understanding (MoU) with Maersk, a renowned European shipping giant, which intends to invest US$2 billion.“After inking MoU, Maersk will start investing from October 2024 in numerous areas including infrastructure, terminals, warehousing and shipbreaking etc. which would make Karachi a transshipment hub”, he added while delivering his speech after a press briefing at…

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President Zardari Calls for Consensus on IPP Issue

Admin
Asif-Zardari

FAISALABAD: President Asif Ali Zardari has emphasized the need to resolve the Independent Power Producers (IPP) issue through consensus among all stakeholders. During a meeting with the business community of Pakistan, President Zardari proposed forming a committee of business leaders to critically analyze the situation and submit workable recommendations. He assured that his office would fully cooperate with this committee to find a win-win solution for all stakeholders. Dr. Khurram Tariq, President of Faisalabad Chamber of Commerce & Industry (FCCI), highlighted the severe impact of high electricity costs on industrial…

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