Category: Highlights

A delegation of German investors will visit in June for investment potential in sindh CG Germany

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Murad-Ali

KARACHI (April 5): Sindh’s Chief Minister, Syed Murad Ali Shah, has extended an invitation to investors from Gulf countries and Germany to consider investing in Sindh province.He believes that Sindh is a province rich in resources and well-connected to the world via sea routes, which makes it an ideal location for trade and commerce to thrive. The Chief Minister believes that investors can expect good returns on their investment in Sindh.This he said during his meeting with German Consul General Mr Rudiger Lotz, Consul General of Qatar Mr Nayef Shahein,…

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Engro announces ending its 16-year presence in Pakistan’s conventional energy sector

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Engro-Corp

Engro Energy Limited, a subsidiary of Engro Corporation Limited, has finalized a Share Purchase Agreement with Liberty Power Holding (Pvt.) Limited and a consortium for the sale of its thermal energy assets portfolio.The consortium comprises Liberty Mills Limited, Soorty Enterprises, and Procon Engineering through Master Group of Industries. The sale of these thermal assets aligns with Engro’s ongoing efforts to streamline and optimize capital and resource allocation. The Share Purchase Agreement covers the sale of Engro Energy’s entire shareholding in Engro Powergen Qadirpur Limited (EPQL), Engro Powergen Thar (Private) Limited…

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Country does need new IMF programme: PM

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pak-imf

ISLAMABAD: The federal cabinet has abolished the National Commission for Child Welfare and Development (NCCWD), the National Child Protection Centre (NCPC) and the implementation of the National Line of Action and decided to include employees of these departments in the surplus pool. While speaking to the participants of the meeting, Prime Minister Shehbaz Sharif also highlighted the importance of a new International Monetary Fund (IMF) programme for the revival of the economy. The finance minister is leaving for Washington to attend the World Bank and the IMF spring meetings where…

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Fines imposed on five power firms for ‘illegal loadshedding’

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power-breakdowns

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday imposed a fine of Rs50 million each on five power distribution companies including K-Electric for carrying out commercial-based excessive loadshedding in violation of laws penalising honest consumers. It is for the first time the regulator has moved from issuing warnings against collective punishments in the power sector which started more than a decade ago in Karachi and was adopted by public sector companies with the tacit approval of the federal government and penalised power companies for revenue-based loadshedding. In its…

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PM Shehbaz Sharif Pushes for Accelerated Completion of Hydropower Projects

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Karot-Hydropower

In Islamabad, Prime Minister Shehbaz Sharif has instructed authorities to expedite work on two crucial hydropower projects located in Attaabad and Harpo. Additionally, he has called for an action plan regarding solar energy projects in Gilgit-Baltistan, emphasizing the government’s commitment to addressing the region’s energy needs. Following a meeting with Gulbar Khan, Chief Minister of Gilgit-Baltistan, PM Shehbaz formed a committee to tackle the challenges faced by the region. This committee is tasked with providing comprehensive recommendations after thorough consultations on various issues affecting Gilgit-Baltistan. During the meeting, discussions centered…

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