The Petroleum Division told the Public Accounts Committee that the circular debt of the petroleum sector has increased by more than Rs500 billion during one year from Rs1,200 billion to Rs1,700 billion.
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Conference 2023, he said Pakistan was moving fast on path of economic development, said a statement received here from Bangkok.
He said the share of environment-friendly energy in Pakistan had surged to over six per cent of the total country’s energy mix. The government had also plan to switch to 30 per cent electric vehicles by 2030, he added. He said complete ban on coal import by 2030 was also part of the plan.
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Pakistan is facing penalties of as much as $18 billion if it fails to complete a gas pipeline project it is carrying out with Iran, local media have reported.
The project, which should supply some 750 million cubic feet of natural gas to Pakistan daily, has been fraught with difficulties, the chief among them
Ministry of Finance has proposed an Indicative Budget Ceiling for the Public Sector Development Programmed (PSDP) of Rs 700 billion for the upcoming budget 2023-24.It has also decided to slap a ban on incorporating unapproved new projects and provincial projects into the PSDP
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National Electric Power Regulatory Authority (NEPRA) on Tuesday hosted a workshop on “Implementation Roadmap for NEPRA IT/OT Regulations 2022” aimed at creating awareness amongst the electric power licensees for implementation of the same.
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