Author: Admin

ECC Approves Rs200bn Equity Injection for Discos to Ease Power Sector Cash-Flow Crunch

Admin
Asian-bank

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Thursday approved over Rs225 billion in supplementary grants, including a Rs200 billion equity injection for power distribution companies (Discos) to address acute cash-flow constraints in the power sector. The meeting, chaired by Finance Minister Muhammad Aurangzeb, also cleared funds for parliamentarians’ development schemes, eased eligibility criteria for the Prime Minister’s Fan Replacement Programme, approved compensation for families of missing persons, and reviewed inflationary trends, noting a marked improvement in price stability. The ECC approved Rs12 billion for the Sustainable Development…

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IBON International The COP of Half-truths

Admin
climate

The summit closed with its main political outcome, called the Global Mutirão, named after an Indigenous language in Brazil, which translates as “collective efforts.” While the decision calls for tripling adaptation finance and accelerating emissions reductions, developed countries remain unwilling to provide the resources needed to implement these commitments. It failed to reflect roadmaps on fossil fuel phaseout or reversing deforestation that a broad alliance of governments demanded. The outcome also leaned heavily on false ‘solutions.’ These gaps were made even more glaring by the overwhelming presence of corporate lobbyists…

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The Aga Khan Foundation and the Embassy of Denmark Sign Agreement to Boost Climate-Resilient Livelihoods in Gilgit-Baltistan and Chitral

Admin
New-Project96

Islamabad, 17 December 2025: The Aga Khan Foundation, Pakistan and the Embassy of Denmark in Islamabad today signed an agreement to support climate-resilient agricultural livelihoods for vulnerable mountain communities in Gilgit-Baltistan and Chitral. The initiative aims to strengthen food security and income stability by expanding access to diversified and sustainable agricultural opportunities. It will support the adoption of climate-smart and regenerative farming practices, improve water management systems, and promote locally viable green business models suited to mountain environments. The project will directly benefit approximately 5,890 individuals across Gilgit-Baltistan and Chitral…

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World Bank appreciates Petroleum Division for Successful Resolution of LNG Surplus Issue

Admin
New-Project95

Islamabad: December 18,2025 Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, held a meeting today with the World Bank Country Director for Pakistan, Ms. Bolormaa Amgaabazar, to discuss ongoing and future reforms in Pakistan’s energy sector, with a particular focus on gas sector sustainability. During the meeting, Ms. Bolormaa Amgaabazar appreciated the Petroleum Division for successfully resolving the long-standing LNG issue. She noted that resolving the LNG challenge was not an easy task and commended the Minister for personally owning the sustainability of the gas sector. She reaffirmed the World…

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Government Decides to End Net Metering

Admin
Net-Metering

The federal government has made a final decision to discontinue the net metering system for solar consumers and replace it with a net billing policy. For implementation, NEPRA has formally started working on the new framework. What was Net Metering? Under net metering, if a home or shop had a solar system: This policy encouraged millions of consumers to install solar systems and provided relief worth billions of rupees. Why Did the Government End Net Metering? According to the government and the power sector: New System: What is Net Billing?…

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