Category: Shortcode

PPIB Urges K-Electric to Accelerate Feasibility for 300MW Thar Coal Project

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Sahiwal-Power

ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has called on K-Electric (KE) to expedite the feasibility, power evacuation, and load flow studies for the 300MW Thar coal-fired project, to initiate the Request for Proposal (RFP) and meet the project’s deadlines, according to sources close to the MD of PPIB. The Special Investment Facilitation Council (SIFC) has mandated PPIB to begin competitive bidding for the project. Despite delays in feasibility progress, KE has committed to completing the study by September 2024, while power evacuation issues are being jointly addressed with…

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PM Orders Inclusion of Diamer Bhasha Hydropower Project in CPEC

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Bhasha-Dam

ISLAMABAD: Prime Minister Shehbaz Sharif has instructed authorities to incorporate the $8 billion Diamer Bhasha Hydropower Project (DBHP) into the China-Pakistan Economic Corridor (CPEC), sources from the Ministry of Water Resources revealed. The project promises significant benefits, including 6.4 MAF water storage and the generation of 18.1 billion units of electricity annually. While $500 million in foreign financing is secured, $3.5 billion more is needed. WAPDA, responsible for the project, is funding it through hydropower tariffs and aims to recover the power generation costs from consumers. Chinese firm PowerChina, already…

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3 Killed, Including 2 Chinese Nationals, in Karachi Airport Blast

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Chinese-Nationals

Three people, including two Chinese nationals, were killed and 11 others injured in a massive explosion near Karachi’s Jinnah International Airport on Sunday night. Conflicting reports initially described the blast as either an IED explosion or an accident involving a vehicle and an oil tanker. The Baloch Liberation Army’s Majeed Brigade claimed responsibility, though this remains unverified. Footage showed vehicles ablaze at the scene. The Chinese Embassy condemned the attack, urging Pakistan to investigate and enhance security for Chinese citizens. Airport operations continued without disruption as authorities worked to determine…

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CM Sindh says his govt spending Rs218bn on Karachi’s developmentCM interacts with Islamabad journalist

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CM-House

KARACHI (Oct 5): Sindh Chief Minister Syed Murad Ali Shah, during a meeting with the elected body of the National Press Club Islamabad, said that approximately Rs1000 billion is needed for the development of Karachi every year, however, the resources are limited, despite this, the city is set to receive Rs218 billion for development this year. The meeting was held at the CM House after the Islamabad journalists visited various districts of the province, including Thar, Sukkur, and Gambat, where they commended the government’s development efforts. Murad Shah mentioned in…

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NBP won the ADB Disability Inclusion Champion Award 2024

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National-Bank

National Bank of Pakistan has won the prestigious Disability Inclusion Award 2024 from the Asian Development Bank (ADB). This is a historic moment, as NBP is the first bank from Pakistan to receive this award, competing against top banks from Asia and the Pacific. This achievement positions NBP as a leader in disability inclusion, both nationally and internationally. The commitment from NBP’s BoD, the President, HRMG, and group chiefs is commendable and reflects the organization’s ongoing dedication to fostering an inclusive workplace for all.Mr. Mirza Muhammad Asim Baig, Group Head…

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