The aim is to diversify the energy mix and enhance sustainability, reducing the country’s reliance on traditional energy sources. This move is expected to boost the solar industry in Pakistan, creating new opportunities for investment and job creation.
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ISLAMABAD: Prime Minister Shehbaz Sharif has directed provincial governments to intensify efforts against power theft and reduce load shedding as temperatures rise. Chairing a review meeting on load shedding, power theft prevention, and energy sector reforms, the premier emphasized the need for effective complaint registration systems within distribution companies to address power outages promptly. “With the rising heat, load shedding should be minimized,” Shehbaz stated, highlighting the necessity of adhering to international standards in purchasing new transformers. He also urged the adoption of globally recognized modern systems for energy sector…
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The government is set to present its first budget since its inauguration in March, facing stringent conditions imposed by the International Monetary Fund (IMF). Local economists predict the budget will result in heavy taxation and increased inflation. Negotiations between the finance ministry and the IMF are ongoing as the government grapples with the loaning agency’s tough demands. These include increasing the tax revenue target, withdrawing subsidies, taxing the agriculture sector, raising levies and taxes on power, gas, and oil sectors, privatizing struggling government organizations, and improving administrative efficiency. Last fiscal…
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On June 8, 2024, Awais Leghari, the Federal Minister for Power of the lslamic Republic of Pakistan, visited LONGi’s headquarter, in Xi’an. Mr. Li Zhenguo, founder and President of LONGi, attended and led his Excellency to visit the LONGi Green Energy Smart Energy Exhibition Hall, introducing in detail, the development history of the photovoltaic industry, LONGi’s history, business segments, R&D innovation, overseas layout and the company’s vision and mission.It is very suitable for the development of solar power in Pakistan, given its large population and abundant sunshine resources of 2800-3000…
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Promulgates Ordinance Empowering Govt to Remove Independent Directors of SOEs ISLAMABAD: Hours before the parliamentary sessions began, President Asif Ali Zardari promulgated an ordinance to eliminate a legal barrier preventing the government from dismissing the boards of loss-making power distribution companies (DISCOs). The State-Owned Enterprises Governance and Operations Amendment Ordinance 2024, effective from June 5, 2024, grants the government temporary legal authority to remove independent directors on the boards of state-owned enterprises (SOEs). The ordinance, issued a day before the scheduled National Assembly and Senate sessions, underscores the government’s preference…
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