Category: Recent Post

KARACHI: Water management is one of the biggest issues that Pakistan has been facing in recent decades. At the moment, our water storage capacity is close to 10 per cent, which is very low compared to the world, where the average is about 40pc. This was stated by Malik Amin Aslam, special assistant to the prime minister and federal minister for climate change, during a virtual dialogue organised by the World Wide Fund for Nature-Pakistan (WWF-P) on Thursday. The event participated by government officials and national and international experts was…

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Water and Power Development Authority has successfully completed construction works to clear sedimentation by raising the intakes of two tunnels at Tarbela Hydel Power Station ahead of schedule. According to the spokesman of Authority, these construction works funded by the World Bank are aimed at increasing reliability of electricity generation from Tarbela Dam. He said with the completion of these works and increased level in Tarbela reservoir, two more units of the hydel power station have started electricity generation 21 days earlier than the schedule, increasing power generation of Tarbela…

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Special Assistant to Prime Minister on Power and Petroleum, Tabish Gauhar has termed new Pakistan Stream gas pipeline project critical to the country’s energy supply ecosystem. In a tweet on Wednesday, the SAPM said, “A recently signed protocol to the intergovernmental agreement (IGA) with Russia is a step forward.” He further said, “Our local companies (SNGPL, SSGC, PAPCO) are also working on a complementary/alternative proposal to expedite construction and lower total project cost.” Earlier last week, Russian Energy Minister Nikolay Shulginov said that construction works on the Pakistan Stream gas…

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The government has announced a cut in sales tax rates on kerosene oil and light diesel oil in order to absorb the price hike on petroleum products. In this regard, the Federal Board of Revenue (FBR) has issued SRO 726(I)/2021 to comply with the decision of the government for keeping the POL prices intact by absorbing a hike in prices through downward adjustment in sales tax rates. The sales tax rate on kerosene oil has been reduced to 10.07 percent from the previous rate of 15.44 percent. Similarly, the sales…

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Parliamentary Secretary for Textile, Commerce, Industries and Production and Board of Investment, Aliya Hamza Malik on Wednesday said that Pakistan Tehreek e Insaf (PTI) government under the leadership of Prime Minister Imran Khan, was working on projects to generate electricity at cheaper rates. “Various Hydro power projects are under consideration to generate electricity at cheaper rates,” she said while responding to PPP Leader, Saleem Mandviwala’s press conference. She said, National Accountability Bureau (NAB) had recovered Rs 300 billion from Omni Group. The International Monetary Fund (IMF) recently released its report…

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