Category: Highlights

ISLAMABAD: Andrew Forrest, Chairman of Australian company Fortescue Metals Group Ltd, has expressed a keen interest in making investments in Pakistan’s renewable energy sector and green industry. In a meeting with Prime Minister Imran Khan on Monday, Forrest said the investment by Fortescue Group would help create employment opportunities for Pakistanis, besides introducing new technology solutions for a host of industries. The PM appreciated the interest of Fortescue Group in Pakistan and assured all possible facilitation in undertaking business ventures in the country. He also shed light on the government’s investment-friendly…

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ISLAMABAD: The National Accountability Bureau’s (NAB) Executive Board on Wednesday approved four separate investigations into Khyber Pakhtunkhwa’s Billion-Tree Tsunami Project, a spokesperson for the anti-graft buster said. According to the spokesperson, the anti-corruption watchdog also approved six separate inquiries into the project. The decision was taken in a meeting presided over by NAB Chairman retired Justice Javed Iqbal. The meeting also approved filing one reference, conducting seven investigations, 12 inquiries and closing some investigations for want of evidence. The NAB’s Executive Board Meeting (EBM) accorded approval for filing a reference…

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K-Electric could not issue electricity bills to its consumers in various regions as its billing system became non-functional after the attack. K-Electric, the sole electricity provider for Karachi has suffered a ransomware attack that led to the disruption of billing and online services. As per details, amid the attack K-Electric customers have been unable to access the online services for their account, and the company appears to be trying to reroute users through a staging site. Furthermore, K-Electric could not issue electricity bills to its consumers in various regions as…

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ISLAMABAD: Warning of an impending serious gas shortage, the federal government on Tuesday said the Article 158 of the Constitution that promised priority rights to gas producing provinces was becoming irrelevant and all stakeholders would have to reach a consensus on a workable way forward. “We will be going towards massive (gas) load shedding in the coming days. We have to find a solution today how to increase supplies”, said Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar at a news conference with Federal Energy Minister Omar…

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Amid a growing gas crisis in the country, Pakistan Petroleum Limited (PPL) has stumbled upon what can easily be deemed as fairly decent gas reserves deep in the Balochistan province. The discovery of hydrocarbons, though significant in itself, promises to usher in a new chapter in the country’s oil and gas exploration sector. More than 70 years on, the energy crisis has been persistently eating into Pakistan’s growth. Power and gas outages plaguing the domestic and industrial sectors, coupled with a ballooning circular debt, have largely hindered progress. As the…

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