Category: Highlights

ISLAMABAD: Federal Minister for Power Division Omar Ayub has said the federal government has decided to handover Quetta Electric Supply Company (QESCO) to the provincial government of Balochistan. He said as a part of the privatisation drive, the government had offered Balochistan to takeover the operation of the QESCO, adding that the government was also going to privatise Peshawar Electric Supply Company (PESCO) and the Islamabad Electric Supply Company (IESCO). While briefing the National Assembly Standing Committee on Power, he told that the power distribution system had almost collapsed, and…

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Spanning over decades, Pakistan’s peaceful nuclear programme became a great success story though it has been subjected to a politically motivated narrative all along. The peaceful application of nuclear energy relates to power generation, agriculture, health, mineral exploration, industry and of course is vital for socio-economic uplift of any country. In addition, the nuclear power projects provide employment opportunities to thousands of individuals and contributing towards socio-economic development of adjoining communities with provision of healthcare and education facilities. Pakistan started its civilian nuclear power programme in the early 70s with…

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Islamabad- The Federal government and government of Balochistan have yet to resolve the issue pertaining to the signing of Development and Production of the Sui Lease even after the passage of more than five years of the expiry of the lease in July 2015.  A committee comprising of the Federal and Balochistan government representatives will meet tomorrow (Tuesday) to attempt the resolution of the Sui mining lease issue which is on temporary extensions since 2015, official source told The Nation here. The matter regarding 69 per cent of the Sui…

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Iraq expects the pressure on oil prices to continue through at least the first quarter of 2021, with oil minister Ihsan Abdul Jabbar expecting the average for Brent during January-March 2021 at $45 a barrel, Bloomberg reports, citing an interview of Jabbar for Iraqi daily Al Sabah. As a result of this expectation, Baghdad will be basing its 2021 budget on an oil price level of $42 a barrel, following the fallout from the coronavirus, the report also noted. Brent is currently trading at $42 a barrel, with West Texas…

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The European Union (EU) aims to make buildings more energy efficient to save energy and cut emissions, European Commission President Ursula von der Leyen said on Monday. Public buildings and private homes are currently responsible for 40 percent of the EU’s energy consumption, she said, noting that the process of renovation and retrofitting has already started. “But at the current pace, it would take more than a century to bring emissions from our buildings to zero,” von der Leyen said in a speech today. Regions and cities will be at…

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