Category: Shortcode

The Federal Minister for Energy (Power Division), Khurram Dastgir Khan on Saturday lay the foundation stone of two mega grid stations worth Rs 24 billion in Lahore and Sheikhupura. “The government is focusing on the production of cheap electricity from indigenous resources like Thar coal, wind, solar and hydel,” he said, announcing that, “2000 MW of cheap power from Thar coal alone will be added to the national grid before the end of June 2023.” The federal minister made these remarks while addressing the ground-breaking ceremonies of the 500 kV…

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The State Bank of Pakistan (SBP) is out of dollars. We must bring back the IMF. Pakistan’s access to global capital markets has shut down (read: no one is ready to lend us more dollars). We must bring back the IMF. Our government has no control over its stream of expenditures. We must bring back the IMF. Our power sector keeps on losing Rs500 billion a year, every year. The leakages in our gas sector hover around $4 billion a year, every year. Our Public Sector Enterprises (PSEs), already indebted…

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The oil tankers association staged a protest on Saturday near Bilawal House — the residence of ruling party PPP’s top leadership — in Karachi’s Clifton area against the alleged kidnapping of their colleague, officials said. According to SSP South Syed Asad Raza, Imran Afridi had recently traveled from Peshawar to Karachi. “He was honey-trapped into purchasing an excavator for which he traveled to Ghotki district’s Ranwati Katchi area and was kidnapped.” the officer said. Police suspect the involvement of the infamous “Shar gang” in the incident. The gang has been…

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There is a need to design conducive policies to promote climate-resilient houses in Pakistan that can withstand floods, said Sherry Rehman, Federal Minister for Climate Change, on Thursday at the inaugural session of the First International Housing Expo ‘22 organised by the Ministry of Housing and Works by Islamabad Chamber of Commerce and Industry (ICCI). “The recent floods have brought huge devastation to Pakistan, destroying millions of houses and causing a loss of over Rs1.2 trillion. Therefore, it is crucial that the government focus on making new policies to promote…

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The federal cabinet on Thursday removed the hurdle on the restoration of petroleum exploration activities in the country, green-lighted transit trade with Tajikistan and received the “post-disaster needs assessment (PDNA)” report on the devastating floods. The cabinet, which met with Prime Minister Shehabz Sharif in the chair, approved the restoration of 11 petroleum exploration licences on the recommendation of the Petroleum Division. The decision will pave the way for exploration activities in the country. Media reports claimed that the government had decided to revive the revoked licences as an out-of-court…

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