Category: Recent Post

ISLAMABAD: Pakistan launched construction work on the Torkham-to-Nowshera portion of the $1.17 billion Central Asia-South Asia Regional Trade and Transmission Project (CASA-1000) on Wednesday. A virtual launching ceremony was hosted by Dr Bandar Hajjar, president of the Islamic Development Bank (IsDB), and Energy Minister Omar Ayub Khan. The state-run National Transmission & Despatch Company (NTDC) will undertake construction of a 113-kilometre electricity transmission line from the Pak-Afghan border to Nowshera. The project is to be completed by the end of next year. The representatives of development partners, UN agencies and…

Read More

Pakistan is now faced with a new and unfamiliar problem of too much electricity generation capacity after spending decades tackling power shortages, Bloomberg reported. After having too many coal and natural gas-fired plants built – most financed under the Belt and Road Initiative, launched by Chinese President Xi Jinping in 2013 – within a short span of time, Pakistan found its power supply to have been flipped to a surplus last year. According to prime minister’s special assistant on energy, Tabish Gauhar, the country is set to have as much…

Read More

ISLAMABAD: After recent surge in power tariff by Rs1.95 per unit and twice increase in prices of petroleum products in the current month, January, now the government is set to further increase the prices of petrol by Rs1.03 to whopping Rs110.23 per litre and diesel (high speed diesel) by Re0.95 per litre to Rs114.14 per litre. The Petroleum Division has submitted a summary to the Economic Coordination Committee (ECC), scheduled to meet on Wednesday (today), seeking the raise in margins of oil marketing companies (OMCs) on motor spirit (petrol) by…

Read More

ISLAMABAD: Amid falling international market, Pakistan on Wednesday received significantly cheaper bids for three cargoes of liquefied natural gas (LNG) to be delivered in March under an urgent tendering process. The state-run Pakistan LNG Limited (PLL) had last week cancelled bids for LNG deliveries in March for three windows as prices in the international spot market started to crash. For replacement, the PLL went for a revised urgent tender on January 22 with deadline of January 26. The revised bids attracted 26 to 38 per cent cheaper rates when compared…

Read More

The government is considering establishing a separate electric vehicle (EV) board, similar to the Engineering Development Board (EDB), in a bid to promote environment-friendly vehicles in the country. In that regard, Federal Minister for Science and Technology Chaudhry Fawad Hussain met Prime Minister Imran Khan to discuss his ministry’s role in promoting EVs in Pakistan. He apprised the premier of the stance taken by his ministry along with many other ministries for setting up a separate board for EVs, which was an immediate requirement for the success of battery-powered transport…

Read More