Category: Shortcode

As many as 51 Renewable Energy (RE) projects having accumulative capacity 2,634 MW have been commissioned so far and supply clean energy to the national grid. Official sources told APP here that the government was actively promoting and facilitating deployment of RE projects across the country as these projects were being pursued in Independent Power Producers (IPPs) mode through private sector investors under policies. Utilization of solar energy technology at consumer ends across domestic, commercial, industrial sectors was also being encouraged. Several other initiatives were being taken for fast-track development of RE projects. They…

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The Economic Coordination Committee (ECC) of the Cabinet has approved the allocation of Rs8.109 billion through a technical supplementary grant to the power sector for the execution of development schemes in the provinces –with the highest amount of Rs6.554 billion in Punjab – under “Sustainable Development Goals Achievement Program” (SAP) during the current fiscal year. The ECC meeting presided over by Finance Minister Ishaq Dar deliberated upon a summary submitted by the Ministry of Energy (Power Division) and stated that the Cabinet Division has surrendered Rs8,109.772 million in favour of…

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OGDCL-sponsored students graduated from IBA Karachi December 05, 2022: Under the Oil & Gas Development Company’s National Talent Hunt Program another batch of students have completed their graduate studies at the Institute of Business administration (IBA) Karachi. Studies of these students were sponsored by the Oil & Gas Development Company Limited (OGDCL). The batch which was consist of 15 students were awarded degrees in the disciplines of Business Administration, Accounting & Finance, Mathematics, Economics, Computer Science, Economics, and Mathematics. MD/CEO OGDCL Mr. Khalid Siraj Subhani along with Executive Director Services…

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Federal Minister of Planning and Development Ahsan Iqbal on Thursday said that the country needed a ten-year economic framework with the consensus of all the stakeholders to steer it out of the crisis. Speaking at the Karachi Chamber of Commerce and Industry (KCCI), Iqbal said that the present government has been focusing on Tax, Investment, Export and Remittances (TIER) policy to achieve real economic growth. “The country can progress only through substantial increase in the export,” he said, and noted that private and public sector has to work jointly to…

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The federal government has increased petroleum levy on High Speed Diesel (HSD) by 98 percent, 17 percent on Kerosene Oil (SKO) and on Light Diesel Oil (LDO) by 94 percent projected to generate Rs 36.199 billion for the first fortnight of December (1-15). The petroleum levy on petrol remained unchanged as it was already at the highest level possible under current legislation – at Rs 50 per litre. The Oil and Gas Regulatory Authority (Ogra) had recommended a decline in prices of all petroleum products as follows: price of petrol…

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