Category: Recent Post

It is the government’s priority to ensure provision of uninterrupted and affordable energy to industries, remarked Minister of State and Board of Investment (BOI) Chairman Atif R Bokhari. Keeping the prime minister’s vision in view, he said, the BOI had taken the initiative to establish the first-ever solar captive power plant for the Special Economic Zones (SEZs) in the country. In this regard, the BOI facilitated the signing of a tripartite memorandum of understanding (MoU) between state-owned enterprises including the Faisalabad Industrial Estate Development and Management Company (FIEDMC), Power China…

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The Aviation Division on Thursday said that the credentials of almost all Pakistani pilots working for foreign airlines have been confirmed, as the government continues to manage the fallout from a scandal over aviator licences. Airlines in 10 countries had demanded proof of valid flying licences for their Pakistani pilots after it emerged about a third of Pakistan International Airlines (PIA) aviators were holding “bogus or suspicious” licences. In all, the foreign airlines asked for proof of 176 Pakistani pilot licences. Of these, 166 “have been validated as genuine and…

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ISLAMABAD: Prime Minister Imran Khan decided during a meeting of the Cabinet Committee on Energy (CCoE) Thursday to defer a move to hike up the electricity tariff in Karachi. In the CCoE meeting chaired by PM Imran here in Islamabad, it was decided not to go ahead with the Economic Coordination Committee’s (ECC) proposed move to jack up the power tariff by Rs2.89 for the K-Electric’s customers. The ECC had earlier approved the recommendation to increase the tariff. The premier’s decision came on the back of disagreements in the Cabinet…

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National Accountability Bureau Chairman Justice (retd) Javed Iqbal has ordered an inquiry against power supply company K-Electric over excessive billing and loadshedding, according to a statement issued by the anti-graft body on Thursday. “The chairman has taken notice of media reports and public protests against overbilling and prolonged power outages in the metropolis,” read the statement. The accountability watchdog said that the power supply company was supposed to make investment according to a pact with the federal government. The NAB statement said that K-Electric is accused of not keeping its…

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China may have amassed a debt pile of as much as $42 billion in renewable energy subsides that have still gone unpaid to solar and wind power capacity developers, Bloomberg reports, citing a BOCI Research analyst, Tony Fei. “Without structural change to address the issue, the subsidy receivables in the whole industry would continue to grow and drag companies’ balance sheets and investment capabilities,” Fei said in a note earlier this month. China announced last year that it would cut the size of its clean energy subsidies for 2020 to…

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