Category: Recent Post

ISLAMABAD: Chief Executive Officers (CEO) Alternative Energy Development Board (AEDB), Dr. Rana Abdul Jabbar, has resigned from his position purportedly in hope of getting the position of MD, NTDC, well-informed sources in Power Division told Business Recorder. The Federal Government is likely to give additional charge of Chief Executive Officer of Alternative Energy Development Board (AEDB) to Managing Director PPIB, Shah Jahan Mirza, the sources added. Alternative Energy Development Board (AEDB) is a statutory organization established under the AEDB Act, 2010. The appointment of Chief Executive Officer of the Board…

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ISLAMABAD: On privatisation of a public sector entity, the consumers expect – and in many cases, also experience – an improvement in services and prices. Not always though, and especially not when the element of competition is missing in the transformation from public to private sector. So, whenever the governments, in their rush to privatise, miss to put in the critical element of competition in their privatisation process, the consumers end up with a private monopoly, which at times is far more disadvantageous than a public sector monopoly. When power…

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The cargo was shipped on board the Al-Salam 2 for Pakistan’s state-owned PSO, KPC said. The vessel departed from Kuwait’s Mina al-Ahmadi on 1 January, according to Vortexa, and is due to arrive at Pakistan’s Port Qasim in Karachi on 6 January. Kuwait completed term deals in early-December to supply both 10ppm sulphur gasoil, or ULSD, and jet fuel to PSO in the first half of this year. KPC will supply 2mn t (14.9mn bl) of ULSD and 150,000t (1.2mn bl) of jet on a delivered basis at premiums of $1.95/bl and…

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ISLAMABAD: As electricity tariffs go out of reach of consumers, a group of foreign investors has sought Prime Minister Imran Khan’s intervention to remove roadblocks to cheap 425mw alternative and renewable energy (ARE) projects of less than 4 cents (Rs6.3) per unit. The Pakistan Foreign Investors Forum (PFIF) — a group of wind and solar energy sponsors — has complained to the prime minister that the National Electric Power Regulatory Authority (Nepra) had cleared their generation tariffs — lowest in the country so far — but the Ministry of Energy…

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MULTAN: Foreign Minister Shah Mahmood Qureshi has said that the incumbent government is making all-out efforts to ensure early completion of the second phase of the China-Pakistan Economic Corridor (CPEC), which will bring a new era of development in the country.Talking to the people of his constituency in Multan on Sunday, Shah Mahmood Qureshi said that the Ministry of Foreign Affairs is pursuing modern trends of economic diplomacy and Pakistani diplomats across the globe have been given certain targets to promote the country’s economy, said a statement.Qureshi welcomed the Intra-Afghan…

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