Category: Highlights

Pakistan to produce 60% clean energy by 2030; run 30% vehicles on electricity: Imran Khan

Admin

Prime Minister Imran Khan Saturday said Pakistan was committed to mitigate impact of climate change and vowed to produce 60 per cent clean energy through renewable resources by the year 2030, scrap its coal based power projects, and run 30 percent of its vehicles on electricity. I assure you that Pakistan will be doing its best to make its contribution to mitigate the effects of climate change,” Prime Minister Imran Khan told the Climate Ambition Summit to mark the fifth anniversary of the signing of the landmark Paris Agreement. The…

Read More

MoC proposes concessionary rates of power to cement industry

Admin

The Commerce Ministry has proposed concessionary rates of electricity to cement industry on exportable quantity of cement and clinker, official sources told Business Recorder. According to the MoC, the cement industry holds immense potential for exports. Pakistan exported cement to the tune of $ 266 million in 2019-20 which is expected to substantially increase in future given the business-friendly policies of the government. Cement and clinkers are exported through sea to major export destinations like Bangladesh, Sri Lanka, Madagascar, South Africa, China, etc. However, the stakeholders are approaching the Ministry…

Read More

Is Red the New Green?

Admin

LAHORE: A couple or more green-flashing economic indicators cannot be termed a sign of a turnaround and with this in mind it’s not hard to surmise that economy, no matter what its managers claim, will continue to remain suspect as long as the system is flawed to its core. We aspire to collect Rs4,900 billion this fiscal from taxes. This would be an uphill task. However even if the target is achieved the government will still be short of over Rs3,500 billion to meet its yearly expenses. Any shortfall in…

Read More

Hubco to provide 600MW power, 300MGD potable water by 2024

Admin

ISLAMABAD: The Hub Power Plant Management has accepted the proposal of the Power Division under which the government will buy it out for Rs65 billion but will not pay Rs260 billion as capacity payment due till 2027 under the remaining period of Power Purchase Agreement. In return, Hubco will provide 600MW of cheaper electricity to K-Electric by 2024 based on Thar coal and will also provide 300 MGD water daily to Karachi, Special Assistant to PM on Power Tabish Gauhar confirmed to The News. The SAPM told The News that…

Read More