Category: Recent Post

LAHORE: The launching of flagship China Pakistan Economic Corridor (CPEC) 4,000mw South-North transmission line project has been delayed to September 2021, making grid stability and power affordability another pipe dream for now, The News has learnt. The delay has been attributed to outstanding work, pending on the part of both state-owned transmission company and the contractor. According to the Memorandum of Understanding signed between National Transmission and Despatch Company (NTDC) and the Chinese company, Pak Matiari-Lahore Transmission Company Pvt Ltd (PMLTC), it is clearly mentioned in the clause 6 that:…

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A funding of $120 million has been approved by the World Bank for Prime Minister’s Green Stimulus Initiative and it can be utilised by Pakistan to boost green jobs for workers who have been laid off due to Covid-19, said World Bank Country Director for Pakistan Najy Benhassine. Talking to Special Assistant to Prime Minister on Climate Change Malik Amin Aslam on Thursday, he recommended the government to engage unemployed people in the country’s green projects, which were being implemented for conservation and protection of the nature. “World Bank is…

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ISLAMABAD: In a monthly price review, the Oil and Gas Regulatory Authority (Ogra) has slashed the prices of domestic and commercial LPG cylinders with effect from Thursday (April 1). On Wednesday, the Ogra notified new LPG prices for domestic and commercial LPG consumers owing to decrease in prices of LPG internationally and low consumption. The regulatory body announced to reduce the price of domestic cylinder by Rs166 and rates of commercial LPG cylinder also came down by Rs640. The prices were reduced following reduction in the production cost also reduced…

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The government is planning to increase the number of hydroelectric power projects in order to take the share of renewable energy to higher levels, said National Electric Power Regulatory Authority (Nepra) Chairman Tauseef H Farooqui. Sharing his views at a webinar titled “Impact of Covid on Energy Sector of Pakistan: Opportunities and Challenges”, organised by the Sustainable Development Policy Institute (SDPI), Farooqui stressed that the target was to increase the share of renewable energy in the country to 60% over the next 10 years. Highlighting the impact of Covid-19 on the sector,…

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ISLAMABAD: Prime Minister Imran Khan on Wednesday called upon the major economies to pursue a holistic approach towards climate change and galvanize supportive finance for Pakistan and other vulnerable countries braving the climatic challenge. “We expect this to be a moment for the world’s major economies to come forward and galvanize supportive finance for responsible countries like Pakistan, that are doing their best to reduce emissions,” the prime minister wrote in his article published in The Times, a British national daily. The prime minister mentioned that the Global Climate Risk…

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