Category: Highlights

Pakistan Extends Invitation to Swiss Investment in Renewable Energy and IT Sectors

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SLAMABAD – Deputy Prime Minister and Foreign Minister Ishaq Dar extended a warm invitation to Swiss companies to invest in Pakistan, focusing particularly on the renewable energy and IT sectors. This invitation came during a courtesy meeting with Ambassador of Switzerland Georg Steiner at the Ministry of Foreign Affairs. During the meeting, Dar emphasized Pakistan’s strong interest in bolstering ties with Switzerland, highlighting the potential for expanded cooperation in various areas such as trade, investment, climate initiatives, tourism, and migration. Dar praised the existing presence of Swiss companies in Pakistan…

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Pakistan’s Balancing Act: Encouraging Solar Adoption Amid Grid Challenges

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KARACHI – Pakistan’s government finds itself in a delicate position, aiming to promote renewable energy, particularly solar power, while grappling with constrained grid capacity and economic challenges. The government’s recent consideration to reduce buyback rates for net-metering electricity has sparked debates regarding the balance between incentivizing solar installations and managing grid constraints. The introduction of net-metering was a significant move to encourage households and businesses to generate their electricity and sell excess power back to the grid. However, the proposed rate cuts have raised concerns among solar users who viewed…

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Pakistan Seeks Chinese Support for Hydropower Projects and Energy Investment

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ISLAMABAD – Pakistan is actively engaging with Chinese leadership to revive over 1800 megawatts of hydropower projects (HPPs) and attract fresh investment from Chinese companies in the country’s transmission and distribution network. This effort is part of the second phase of the China-Pakistan Economic Corridor (CPEC), aimed at bolstering energy infrastructure and collaboration. Efforts are underway to convene a meeting of the Joint Cooperation Committee (JCC) of the cabinet on May 22-23 to ensure the success of Prime Minister Shehbaz Sharif’s upcoming visit to Beijing early next month. A high-level…

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Power Minister Awais Leghari Led delegation today

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Power Minister Awais Leghari today led a delegation of the Power Sector of the Government of Pakistan to meet with its Saudi Energy sector counterpart at Riyadh.The prominent leaders present in the meeting included Mr. Nassir Al-Qahtani, Assistant Minister for Electricity Affairs, and Mr. Nayef Almusehel, Deputy Minister for Policies and Strategic Planning. During the meeting, both sides exchanged detailed information regarding the landscape of the power sector in their respective countries.They agreed to mutually cooperate in the future, in order to benefit each other on the basis of expertise…

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Grid vs Rooftop Solar: Navigating Pakistan’s Energy Landscape

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Grid vs Rooftop Solar: Navigating Pakistan’s Energy Landscape May 8, 2024 In the realm of Pakistan’s power sector, a contentious debate brews between the traditional grid system and the burgeoning rooftop solar initiatives. Dr. Khalid Waleed, an esteemed authority in energy economics, delves into the intricacies of this debate and offers a roadmap for sustainable energy transition. Pakistan witnessed a notable decrease in electricity consumption, a 10% drop from FY2022 to FY2023. While this may seem positive on the surface, it presents challenges for the National Transmission and Dispatch Company…

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