Category: Recent Post

Adviser to the Prime Minister on Commerce, Textile, Industry and Production Abdul Razak Dawood has said he’s “worried” the ongoing gas shortage may slow down the pace of exports’ growth in December and beyond. Speaking to journalists at the Karachi Press Club on Wednesday, Mr Dawood said industrial units, particularly in the textile industry, that have combined-cycle captive power plants will continue to get uninterrupted gas supplies. These are the efficient power plants that route the heat generated by the gas turbine to a separate steam turbine that produces extra…

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 K-Electric (KE) implemented a ‘Black Start’ capability for the first time in their generation fleet at the Korangi Power Complex (KPC), which is expected to generate 247 MW of electricity for Karachi and curb unexpected black outs, a statement said on Tuesday. The facility augments KE’s ability to secure power supply against unexpected large-scale outages, allowing power plants to go from shutdown mode to generating power without any assistance from the external power grid, making the utility self-sufficient in restoring power in case of black outs. KE’s generation team tested…

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Karandaaz Pakistan, funded by UK’s Foreign, Commonwealth & Development Office (FCDO), announced its plans to fund six green transitional projects as part of its annual innovation challenge, a statement said on Tuesday. With support from FCDO, Karandaaz, this year, invited innovative projects seeking financing to implement plastic waste management and efficient water management solutions. After due diligence, Karandaaz selected Suftech Innovations, Davaam Life, a consortium of 8th Loop and Open Door Design, National Rural Support Program (NRSP), Linked Things, and National University of Medical Sciences (NUMS) as winners to receive…

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Keeping in view the threats of climate change, Pakistani entrepreneurs are taking initiatives to reduce the impact of changing weather patterns on the country. Two businessmen have come up with the idea of weather data analytics and forecasts with the help of artificial intelligence and computer algorithms to increase the accuracy of predictions to 95%. Warning of a 2.5-degree-Celsius rise in temperature over the next two decades, the Asian Development Bank (ADB) and the World Bank have estimated that climate change is costing Pakistan up to $3.8 billion per year.…

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Share prices of the independent power producers (IPPs) soared on Tuesday after the government approved the disbursement of Rs135 billion as part of the tariff renegotiation process aimed at reducing the circular debt. The approval for the final tranche of payments consisting of 60 per cent of the total outstanding dues follows the disbursement of the first instalment amounting to Rs90bn to the same 20 IPPs back in May. This will take the total payments under the Feb 28 tariff renegotiation agreement to Rs225bn. The disbursements are in the form of cash…

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