Category: News & Announcement

February 11, 2020: Pakistan Cricket Board (PCB) and the Pakistan Water and Power Development Authority (WAPDA) will jointly organise a cricket-exhibition match in Tribal District Mohmand of Khyber Pakhtunkhwa. The match is scheduled to be played in March as part of ‘Pakistan Day’ celebrations at Mohmand Dam Hydropower Project. Renowned players of the Pakistani cricket team will feature in the match along with other national and local cricketers. This was decided in a meeting held at WAPDA House between WAPDA Chairman Lt Gen Muzammil Hussain (Retd) and PCB Chief Executive Wasim…

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SECMC, IUCN launch first ever Fauna-Flora Survey of TharparkarISLAMKOT: (Tuesday, February 11, 2020) Aiming at long-term biodiversity conservation in an ecologically rich region of Tharparkar, the Sindh Engro Coal Mining Company (SECMC) through Thar Foundation and Pakistan’s top environmental body International Union for Conservation of Nature (IUCN) has launched the first-ever survey of the fauna and flora of Tharparkar.The survey will assess the existing state of biodiversity and produce a fauna and flora inventory of the target area with occurrence, distribution, relative abundance and diversity of species along with their conservation status. The…

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ISLAMABAD: The government has finalised National Electricity Policy 2020 that seeks ‘balanced development’ of power generation, transmission and distribution through full cost recoveries at every stage and to gradually bring an end to use of all imported fuels. The draft policy that would pass through the next meeting of the Council of Common Interests for approval also envisages that “the agreed upon amounts owed by Provinces and/or their departments to the power sector, shall be automatically adjusted from the NFC award and departmental budgets”. Under the policy, the National Electric…

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Investors started to dump shares as panic gripped the market, making the Shanghai Composite index close nearly eight per cent lower, its biggest one-day drop in more than four years. Losses spread to the US and European markets. The Pakistan stock market fell 2.4pc in the preceding week and the KSE-100 index suffered a steep drop of 1,222 points or nearly 3pc last Monday, representing the steepest single-day decline in 14 months. But the meltdown was largely on the inflation figure for January, which came out at an alarming 12-year…

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ISLAMABAD: The government has planned to recover from the National Finance Commission (NFC) Award the outstanding amount owed by the provinces or their departments to the power sector. The full cost of service that also includes full general cost will also be passed on to consumers. The incumbent government will also reduce reliance on imported fuel for electric power generation and will move towards optimal utilisation of local resources such as coal, water, renewable sources, local gas and nuclear. This intention of the Power Division has been included in the…

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