Author: Admin

ISLAMABAD – The Central Power Purchasing Agency-Guaranteed (CPPA-G) has proposed refunding Rs 2.6 billion to power Distribution Companies (Discos) consumers for October 2024 under the monthly Fuel Charges Adjustment (FCA) mechanism. During a public hearing chaired by NEPRA Chairman Waseem Mukhtar, CPPA-G representative Naveed Qaisar revealed that the FCA variation for October was recorded at Rs 9.2583 per unit, compared to the reference rate of Rs 10.2752 per unit. This indicates a reduction of Rs 1.0159 per unit, resulting in a financial impact of Rs 10.14 billion. Qaisar explained that…

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LAHORE – Zafar Iqbal, Vice President of the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), revealed during a meeting with the executive body that approximately 2,300 Chinese companies are actively operating in Pakistan. These companies, ranging from small to large-scale enterprises, are investing across diverse sectors, including the China-Pakistan Economic Corridor (CPEC). Expanding Investment HorizonsIqbal highlighted Chinese interest in key sectors such as electronics, automotive, education exchange programs, insurance, agriculture, textiles, chemicals, real estate, and battery recycling. He emphasized that these collaborations could boost Pakistan’s industrial capabilities and…

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NEW DELHI – Gautam Adani’s ambitious renewable energy project, a cornerstone of India’s clean energy goals, is under scrutiny following a US indictment accusing Adani and key executives of paying $265 million in bribes to secure power supply contracts in India. The Vision:Adani Green’s energy park in Gujarat, set to be five times the size of Paris, aims to produce 50 gigawatts by 2030—approximately 10% of India’s clean energy target. Described by Adani as a “symbol of sustainability and national pride,” the park is central to Adani Group’s $100 billion…

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