Nippon Energy’s COO and Board of Director, Haris Khan, has approved $100 million financing for 2023, and an investment plan of $1 billion until 2030, to address the energy crisis in Pakistan. The investment is a significant step towards promoting renewable energy solutions in the country and providing sustainable, reliable, and affordable electricity to the people. The energy crisis in Pakistan has been a major challenge, with frequent power outages and a negative impact on the economy and daily life. Nippon Energy’s investment in renewable energy solutions could help to…
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Saudi Fund for Development contributes $240 million to support Pakistan’s energy transition via Mohmand Multipurpose Dam project
The Saudi Fund for Development (SFD) has signed a US$240 million loan agreement to support Pakistan’s Mohmand Multipurpose Dam Project, a major hydropower complex that will contribute to Pakistan’s energy security, increase sustainable water supply for agriculture and human consumption and improve resilience to floods.
Read MoreCM Sindh urges fed govt to revisit gas distribution policy to redress Sindh’s grievances
Sindh Chief Minister Syed Murad Ali Shah and Federal State Minister for Petroleum Musadik Malik have agreed to revisit the gas distribution policy to redress the grievances of the province that produces over 60 percent of the national gas.
Read MoreFutile Monetary Policy: Economy Will Collapse at 2100 bps Irfan Iqbal Sheikh
Karachi President of FPCCI – country’s apex body – Mr. Irfan Iqbal Sheikh, has categorically apprised the government that the entire business, industry and trade community of Pakistan has refused to accept a key policy rate of 21 percent
Read MorePlanning Commission Refused to Provide Funds for 600MW Solar Project
The government’s project of 600-MW solar plant at Muzaffargarh (South Punjab) is reportedly in jeopardy as Planning Commission (PC) has refused to extend funding due to resources constraint during the current fiscal year.
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