Category: Shortcode

SNGPL Proposes Tax Law Amendments to Alleviate Financial Strain

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Gas-Project

In a bid to alleviate financial burdens, the Sui Northern Gas Pipeline Company Limited (SNGPL) has recommended amendments to tax laws, aiming to revise sales tax, income tax, and minimum turnover tax, sources within the Petroleum Division informed Business Recorder. The proposed amendments address various tax issues previously highlighted by SNGPL, which were not addressed in the Finance Act 2023. The company stressed the urgency of providing relief in the upcoming Finance Bill for FY 2024-25, citing adverse effects on liquidity and profitability. Sales tax issues concerning RLNG (Re-gasified Liquefied…

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Government Urged to Prioritize Energy Sector Improvement, Says Malik Khuda Bakhsh

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New-fpcci

Karachi (March 13, 2024): Malik Khuda Bakhsh, convener of the FPCCI Central Standing Committee on Energy 2024-2025, emphasized the crucial need for the new government, led by Mian Shahbaz Sharif, to promptly address energy sector challenges. Speaking at the second meeting of the FPCCI Energy Committee, Bakhsh highlighted the committee’s intent to formulate impactful proposals aimed at bolstering the energy industry under the guidance of FPCCI President Atif Ikram Shaikh. Attended by prominent business leaders and technocrats, including representatives from OGRA, PSO, and Shell Pakistan, among others, the meeting delved…

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ADB and WAPDA Deliberate Financial Aid for Water and Hydropower Initiatives

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ADB-WAPDA

On March 12, 2024, a 13-member delegation from the Asian Development Bank (ADB), led by Country Director Mr. Yong Ye, convened with Chairman of WAPDA, Engr Lt Gen Sajjad Ghani (Retd), for discussions on water and hydropower projects. The ADB delegation, currently in Pakistan to conduct a Country Portfolio Review, engaged in a conclusive session with the Chairman concerning various projects. Matters pertaining to financing for WAPDA projects, specifically Kurram Tangi Dam Stage-II, Naulong Dam, and the Pattan Hydropower Project, were deliberated during the meeting. In attendance were key figures…

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Inquiry Launched into Alleged Corruption in Coal Purchase Contract for Sahiwal Power Plant

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Sahiwal-Power

Inquiry Launched into Alleged Corruption in Coal Purchase Contract for Sahiwal Power Plant March 12, 2024 ISLAMABAD: A probe has been initiated into allegations of corruption surrounding a coal procurement contract at the Sahiwal Power Plant, a critical project under the China-Pakistan Economic Corridor (CPEC). Former Energy Minister Muhammad Ali raised concerns about the procurement process, prompting the inquiry. Ali’s inquiry, initiated just before he left office as caretaker minister, was prompted by stakeholders’ worries over transparency in the long-term coal purchase contract for the Sahiwal Power Plant. The National…

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Red Solar’s Flexible PV Solutions Shine at PV EXPO 2024

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Red Solar, a leading provider of smart PV solutions, made waves at the recent PV EXPO in Tokyo, Japan, showcasing its cutting-edge products aimed at revolutionizing the PV industry. Among its standout offerings were flexible photovoltaic modules, heralded for their versatility and reliability. These flexible modules offer a range of advantages, including enhanced adaptability to various surfaces and environments, making them ideal for unconventional installations such as curved or irregularly shaped structures. Their lightweight design also facilitates easier transportation and installation, reducing logistical challenges and costs. Moreover, Red Solar’s tailored…

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