Category: Highlights

Federal Minister Leads Shift to Local Coal for Cheaper Electricity

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electricity-cheaper

Federal Minister for Energy, Sardar Awais Ahmed Khan Laghari, chaired a meeting focused on transitioning all power plants from imported coal to local coal sources. This initiative aims to reduce electricity costs and benefit consumers across the nation. During the meeting, Minister Laghari emphasized the importance of shifting power plants to locally sourced coal. He highlighted that this move will not only generate cost-effective electricity but also significantly reduce the country’s import bill. The Minister emphasized engaging all stakeholders to chart a comprehensive plan of action for a smooth transition…

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Saudi Fund for Development Backs Hydro Power Projects in AJK

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AJK-Pak

Azad Jammu and Kashmir welcomed a delegation from the Saudi Fund for Development (SFD) as part of the Green Energy Drive, culminating in agreements for financing two Hydro Power Projects in the region. The Saudi delegation, led by the Fund’s CEO, Sultan bin Abdulrahman Al-Marshid, solidified agreements for the Shounter Hydro Project and the Jagran-4 Hydro Project. The Shounter hydro project, with an estimated cost of $66 million, is projected to generate 48 megawatts of electricity, while the Jagran-4 hydro project, costing $41 million, will yield 22 MW of electricity…

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Govt Increases Petrol by Rs9.66, Cuts Diesel Price by Rs3.32

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Petrol-price

The federal government of Pakistan has announced a significant increase in petrol prices by Rs9.66 per litre, bringing the new rate to Rs289.41 per litre, effective from April 01, 2024. In contrast, the price of high-speed diesel (HSD) has been reduced by Rs3.32 per litre to Rs282.24. The decision follows earlier speculation reported by Headline PK regarding a potential hike in petroleum product prices. The recent surge in petrol prices is attributed to a rise in the premium, increasing from $12.15 per barrel to $13.507 per barrel, marking a $1.45 per barrel…

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World Future Energy Summit to Spotlight Regional Electronic Vehicle (EV) Target Viability at New eMobility Forum

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World-future

Abu Dhabi, UAE; April 1, 2024: In one of three major expansions of its robust knowledge-sharing programme, the World Future Energy Summit, hosted by Masdar, has announced the launch of a dedicated eMobility Forum to debut at the 2024 event, the 16th in the annual series, which runs at Abu Dhabi National Exhibition Centre (ADNEC) from April 16-18. With the Middle East and North Africa (MENA) EV market predicted to reach a US$4.3 bn valuation by 20281, the first-ever eMobility Forum on April 18 will feature expert local and global…

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Sindh CM, fed finance minister discuss at-source deduction, gas price hikes.

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Gas-Prices

KARACHI (March 30): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Finance Mohammad Aurangzeb have agreed to collaborate in order to attract foreign investment and boost exports, thereby enhancing the financial stability of the province in general and of the country in particular.This emerged in a meeting between the two here at CM House on Saturday. The meeting was attended by PSCM Agha Wasif, Additional Secretary Ministry of Finance Amjad Mahmood, and Provincial Secretary Finance Fayaz Jatoi.The chief minister said the FBR and other federal entities were…

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