Category: News & Announcement

Successful commissioning of a few hydro projects in last two years has added 2487 MW of cheap and clean energy in Pakistan’s Grid and is reducing our reliance on expensive IPPs. After Mohmand Dam and Dasu Project as Pakistan is all gear up for a cracker of Diamer Basha Dam to commence in a few weeks time (despite Corona crisis) anti dam lobbies and IPPs-lead foreign vested groups have unleashed a propaganda against the Technical design of the dam. Diamer Basha Dam with capacity of 4500 MW power generation and…

Read More

ISLAMABAD: The Petroleum Division has removed Director General Petroleum Concession (DGPC) Imran Ahmed from his post following the initiation of an inquiry against him by the National Accountability Bureau (NAB). According to sources, Ahmed is currently involved in a $50-million worth scam; he had allegedly caused a massive loss to the national exchequer by deliberately delaying the injection of 30 Million Cubic Feet per Day (MMCFD) gas of Badin IV South Gas Fields into the country’s gas transmission system. Owing to the eight-month delay in the injection of 30MMCFD gas into…

Read More

The phone is constantly ringing in a small dark room furnished only with chairs and a desk with a register lying open on the top. On any other Saturday, the phone attendant would be jotting down the details received on the phone in the register. But today, he is just busy answering every call with — “The main grid station has tripped and we don’t know how long it will take for the electricity supply to be restored.” Bang! The receiver is put back before the voice on the other…

Read More

ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 8th Apr, 2020 ) :Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan said that a delegation of China Machinery Engineering Corporation and Zonergy Company Limited China called on Prime Minister Imran Khan here on Wednesday. In a tweet, she said that the delegation handed over goods worth Rs 3 million and a donation of Rs 5 million cash for Prime Minister‘s Corona Releif Fund.

Read More

Economic growth in Pakistan is expected to slow to 2.6 percent this year due to ongoing stabilization efforts, slower growth in agriculture and the impact of the COVID-19 outbreak, before recovering to 3.2 percent in 2021 according to the Asian Development Bank’s (ADB) latest annual flagship economic publication, Asian Development Outlook (ADO) 2020. “Pakistan’s strong and decisive policy measures have started to yield positive results in reversing macroeconomic imbalances and narrowing current account deficits,” said ADB Country Director for Pakistan Xiaohong Yang. “Although Pakistan’s economy is in better shape than before,…

Read More