Category: Shortcode

Pakistan and Turkmenistan to Fund TAPI Pipeline Amid Sanction Hurdles

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TAPI-gas

ISLAMABAD: Pakistan and Turkmenistan have committed to providing the necessary funding for the multibillion-dollar TAPI (Turkmenistan-Afghanistan-Pakistan-India) pipeline project due to a lack of international financial support stemming from the global community’s refusal to recognize the government in Afghanistan, revealed Petroleum Minister Dr. Musadik Malik on Wednesday. Speaking at Pakistan’s Energy Symposium, Malik highlighted Pakistan’s ongoing efforts to advance the TAPI framework. He noted the proposal for an LNG train to transport Turkmen gas to Europe, which could offer a new market for Turkmenistan’s substantial gas reserves. “Turkmenistan is a landlocked…

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Chinese Companies Show Interest in Pakistan Refinery Ltd’s Expansion and Upgrade

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PRL-eyes

KARACHI: Chinese companies have shown significant interest in the expansion and upgrade of Pakistan Refinery Ltd (PRL), signaling a promising development for the country’s energy sector. PRL conveyed its enthusiasm in a notice to the Pakistan Stock Exchange on Wednesday. “In a significant step towards enhancing Pakistan’s refining capabilities, PRL senior management recently visited China to engage with engineering, procurement, and construction (EPC) contractors and financial institutions,” the notification stated. The discussions in China were highly productive, establishing a foundation for the next phases of PRL’s refinery expansion and upgrade…

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No Proposal to Tax Solar Electricity, Minister Informs Sindh Assembly

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solar-energy

KARACHI: The Sindh Assembly was assured on Wednesday that the federal government has no plans to impose a tax on electricity generated through solar panels. This assurance came after the provincial government raised concerns over media reports suggesting such a proposal. During Question Hour, Energy Minister Syed Nasir Hussain Shah stated that the provincial government immediately approached the federal authorities to express its reservations. The federal government responded, ensuring that no such tax proposal was under consideration. “In this era of inflation, imposing a tax on solar panels would be…

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NEPRA approves K-Electric’s power acquisition programme

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Nepra-tariff

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Monday approved Power Acquisition Programme (PAP) of K-Electric (KE) for the period FY 2024-2028. According to a statement, K-Electric’s submission of the PAP on March 20, 2023, outlined a comprehensive plan to ensure a stable power supply by integrating renewable energy, local fuel, and power off-take from the National Grid. This programme aligns with the NEPRA approved IGCEP 2022-2031, National Electricity Policy 2021 and the National Electricity Plan 2023-2027. “The approval represents a pivotal development in KE’s strategy to enhance the…

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Poland-Pakistan trade volume more than US$920 million: Ambassador

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Poland-Pakistan

KARACHI: The Ambassador of Republic of Poland Maciej Pisarski has informed that the overall trade volume between Poland and Pakistan has reached to more than US$920 million, of which Pakistan exported goods worth US$800 million due to GSP Plus arrangement which gives duty free access of Pakistani goods to Polish Market whereas Poland’s exports to Pakistan stood at US$128 million last year.Polish Ambassador, who led a high-level trade delegation from Poland during its visit to the Karachi Chamber of Commerce and Industry (KCCI) on Wednesday, said, “keeping in view the…

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