Category: Highlights

UK offshore wind farms are set to be the first in the world to have to pay to produce power in what researchers have termed an “astonishing development” for the once-expensive energy technology. A dramatic drop in the cost of offshore wind power, coupled with a slight rise in wholesale power prices, will likely mean the newest wind farms coming online will operate with “negative subsidy”. This means operators effectively paying the Government to generate power. As a leader in offshore wind, UK schemes are likely to be the first…

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ISLAMABAD: China Pakistan Economic Corridor (CPEC) Authority Chairman and SAPM on Information and Broadcasting Lt Gen (R) Asim Saleem Bajwa Tueasday said that Mansehra-Thakot Expressway had been opened for traffic. In a message, he said that constructed with the cost of 136 billion, the 80-kilometer, two-way Mansehra-Thakot Expressway is extension of 40 km Havelian-Mansehra four-lane Motorway. He said that the CPEC had been making progress and so was Pakistan. Highway police and toll staff had been deployed, adding that decision had been taken to add the cost of Security in…

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FOR THE PAST FEW YEARS, THE AIR CONDITIONER INDUSTRY HAD JUST 3 BIG COMPANIES THAT COULD SET ANY PRICES THEY WANTED AND KEPT RIPPING OFF CUSTOMERS.A genius startup is turning this $135 billion dollar AC industry on its head. The company called Blaux has figured out a way to offer a far superior product (even the biggest tech experts agree) at a fraction of the price.With the national weather services reporting that it is going to be a SUPER HOT SUMMER, maybe one of the hottest for decades. Their new…

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ISLAMABAD: Federal Minister for Privatization Muhammad Mian Somroo on chaired a meeting of the privatization board and mulled over selling shares of Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL) and Mari Petroleum Company Limited, ARY NEWS reported. The meeting mulled over the divestment plan for the three companies while deferred a plan to sell shares of Pakistan Engineering Company Limited (PECO) by August 20 and decided to move ahead on it after consultations with industries and commerce ministry. The meeting headed by Muhammad Mian Somroo mulled over…

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July 29, 2020 (MLN): Pakistan State Oil (PSO) has paid an amount of Rs. 224,590,280 to Pakistan Refinery Limited (PRL) for the subscription of 22,459,028 shares which remained unsubscribed as part of the right issue made by the latter. This is in addition to PSO’s subscription of its own 60% portion of Right Shares in PRL. As a result of the aforementioned acquisition, PSO’s shareholding in PRL has increased from 60% to 63.56%. PSO now holds 378,000,000 ‘Class B’ shares and 22,459,028 ‘Class A’ shares in PRL. It is pertinent to…

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ISLAMABAD: A private member bill introduced in the Upper House of the Parliament on Monday sought to amend the law to “enhance the functions and utility” of the Federal Board of Revenue’s (FBR’s) Policy Board. During the Senate session presided over by Chairman Sadiq Sanjrani, Kauda Babar, an independent senator from Balochistan, introduced the Federal Board of Revenue (Amendment) Bill, 2020 which was referred to the relevant standing committee. “The Policy Board of Federal Board of Revenue was conceived as an apex forum for the provision of policy guidance to…

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ISLAMABAD, Jul 27 (APP):Minister for Power Division Omar Ayub Khan on Monday informed the Senate that the government had an integrated plan to generate 100,000 MW by 2047 through indigenous resources to ensure energy security and boost industries.  Winding up discussion on a motion that this House may discuss the issue of increase in circular debt beyond Rs 1660 million, moved by Mushtaq Ahmad, the minister said share of indigenous energy would be enhanced to 80 per cent to get rid of expensive energy based on imported fuel. He said…

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They said coal projects were causing the displacement of people and polluting drinking water and affecting the environment. The Pakistan Fisherfolk Forum organised the conference on ‘air pollution and groundwater’ in the coastal neighbourhood of Ibrahim Hyderi. The moot followed SOPs as the distance of six feet among the seating of participants was maintained. PFF chairman Muhammad Ali Shah said coal power plants at the coastal belt of the country had blocked creeks of fishermen and polluted marine resources. “Pakistan was going behind coal power projects at the time when…

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The $400 billion strategic partnership between Iran and China is a milestone in the rise of the Middle Hemisphere. It’s somewhat like the Monroe Doctrine of 1923 when the US realized that it didn’t need to physically take over other countries when there were less bloody and messy ways of establishing economic dominance in the Western Hemisphere. Through the Belt and Road Initiative (BRI) China has already invested billions in every major South Asian and Middle-Eastern country. Alongside the comprehensive cooperation deal between Iran and China came the news that…

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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 27th Jul, 2020 ) :The Balochistan government has been planning to launch small scale power projects under Roshan Balochistan programme which would be handed over to Quetta Electric Supply Company (QESCO). The energy generated from the small scale power projects could be used for street lights and water supply tube wells, the sources in Balochistan government told APP. Under Roshan Balochistan programme, power supply projects would be formulated at a specific location in off-grid areas which would benefit the people of…

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