Category: Shortcode

PM Shehbaz to Unveil Economic Liberalisation Plan on August 14

Admin
Shahbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif is set to reveal a new economic plan on August 14, aiming to drive real-time export-led growth and dismantle longstanding economic barriers. The plan, developed by a task force in collaboration with Oxford University’s Professor Stefan Dercon, focuses on economic liberalisation and reducing government intervention in subsidies. Key elements of the “Home-grown Economic Plan” include phasing out tariff protections and subsidies, encouraging local producers to compete globally, and prioritising export expansion over import restrictions. The plan seeks to overcome structural challenges and shift Pakistan’s economy…

Read More

Government Considers Price Equalisation Levy to Sustain Gas Sector

Admin
oil price

ISLAMABAD: The government is contemplating the introduction of a price equalisation levy on wellhead gas as part of a broader initiative to reform the petroleum sector. The proposed surcharge aims to cross-subsidise protected residential consumers and key industrial sectors, potentially relieving a burden of Rs10-15 billion annually from the federal budget, which is currently allocated to subsidies within the gas sector. This measure is part of the Integrated Energy Plan spearheaded by the Prime Minister’s Office, in collaboration with international lending agencies, to transform the country’s inefficient gas companies into…

Read More

Chinese Firm to Establish Solar Panel Manufacturing Plant in PunjabProducts to Supply Punjab Markets and for Export

Admin
Chinese-Firm

LAHORE: A major development in Punjab’s renewable energy sector took place as a Chinese company signed an agreement with the provincial government to establish a solar panel manufacturing and assembly plant in the region. The agreement was signed by Provincial Minister of Industries and Commerce, Chaudhry Shafay Hussain, and Alex Hang, President of the South Pacific Region of AIKO, a leading Chinese solar energy firm. The new facility will be the first of its kind in Punjab, aimed at supplying solar panels to local markets and for export. Minister Chaudhry…

Read More

Experts Advocate for Solar Adoption to Bolster Pakistan’s Energy Resilience

Admin
solar-panel

KARACHI: Energy experts are urging greater adoption of solar energy in Pakistan, emphasizing its potential to reduce dependency on fossil fuels, lower energy costs, and improve electricity access in remote regions. They argue that solar energy also promotes job creation, environmental sustainability, and contributes to a more resilient energy sector. The experts praised the government’s efforts to incentivize solar energy through net metering but cautioned against over-reliance on solar power, which, as seen in developed countries, can only sustainably contribute up to 20% of total grid capacity without harming grid…

Read More

Arshad Nadeem Makes History with Olympic Gold, Sets New Record

Admin
Arshad-Nadeem

Arshad Nadeem Makes History with Olympic Gold, Sets New Record August 9, 2024 ISLAMABAD: Pakistan’s Arshad Nadeem has made history by winning the country’s first-ever Olympic gold medal in athletics, setting a new Olympic record in the javelin throw with a remarkable distance of 92.97 meters. This historic achievement marks Pakistan’s first Olympic gold since 1984 and its first medal in athletics, a monumental milestone for the nation. Nadeem’s victory came after he bested India’s defending champion Neeraj Chopra, securing the top spot with his record-breaking throw. “When I released…

Read More