Category: Highlights

Islamabad, March 07, 2024: A comprehensive workshop aimed at developing a robust mechanism for tariff-based bidding of hydropower projects in Pakistan was arranged by Private Power and Infrastructure Board (PPIB) in collaboration with the Agence Française de Développement (AFD), France today in Islamabad. One of the key highlights of the event was sharing draft generic Request for Proposals (RFP) documents for hydropower IPPs prepared by Joint Venture – Tractebel GmbH, Germany and NDC (the ‘Consultant’) in line with international best practices and applicable local regulations. The event brought together key…

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Islamabad, March 8, 2024: Pakistan Petroleum Limited (PPL) has embarked on a significant milestone by signing a Memorandum of Understanding (MoU) with the Frontier Works Organization (FWO) to foster strategic cooperation and collaboration for the EL 207 Project situated in Eastern Chagai, Balochistan. This endeavor marks PPL’s proactive diversification into the mining sector, aimed at expanding and fortifying its presence within Balochistan. The signing ceremony, held at the Prime Minister Secretariat on March 6, witnessed the participation of key stakeholders. Mr. Imran Abbasy, MD & CEO of PPL, and Major…

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SINGAPORE: Oil prices held steady on Thursday, holding onto overnight gains after upbeat Chinese trade data and after U.S. data showed a smaller-than-expected rise in crude inventories and large draws in fuel stocks. However, expectations that U.S. interest rate cuts could be delayed capped gains. Brent crude futures slipped 8 cents to $82.88 a barrel by 0736 GMT, while U.S. West Texas Intermediate crude futures inched down 7 cents to $79.06 a barrel despite China’s import and export growth beating estimates. “China’s trade balance data is a positive sign for…

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Sindh Chief Minister Syed Murad Ali Shah convened with a high-powered delegation from the World Bank to deliberate on crucial reforms aimed at bolstering the Karachi Water Board and enhancing the province’s irrigation system. Led by Water Global Director Saroj Kumar Jha and World Bank Country Director Najy Binhassine, the discussion underscored the pressing need for sustainable water management in the face of severe scarcity, particularly in Sindh. The meeting, held at the CM House and attended by key officials including Chief Secretary Dr Fakhre Alam and Mayor Karachi Murtaza…

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With ballot-box rigging, arbitrary arrests, politicization of the judiciary, media censorship, and endless internet blackouts, democracy has become a distant memory in Pakistan. The elections held on February 8, after two extremely turbulent political years, were a sad illustration of this. A lacklustre campaign didn’t discourage people from showing up at the ballot box in greater numbers than predicted. This was testimony to their stake in the democratic process, indicating they felt their vote mattered. The turnout defied the narrative that the election outcome was a forgone conclusion. When the…

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