Category: Shortcode

President Azad Jammu and Kashmir Barrister Sultan Mehmood Chaudhry, while encouraging the American investors to invest their capital in Azad Kashmir on Thursday, has said that the AJK had immense investment potential especially in the tourism sector. While talking to a delegation of investors led by Nick Tuma in US City, the AJK President said, Azad Jammu and Kashmir is one of the most beautiful regions in the world that offers massive investment opportunities to foreign investors in different sectors. “There is vast potential for investors in the hydro, construction…

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The National Electric Power Regulatory Authority (Nepra) on Thursday issued new rules allowing new market players to have non-discriminatory access to existing transmission and distribution networks currently maintained mostly by the public sector entities and K-Electric and provide electricity to bulk consumers. The Open Access (Interconnection and Wheeling of Electric Power Regulations, 2022 would practically end exclusivity rights of the existing transmission and distribution companies in the country as their old licences expire within a year and private entities would be allowed to enter their market. Under the rules network…

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Europe is more or less prepared to face this winter with nearly full gas storage sites and a steady flow of LNG imports. The real concern about gas supply is for the winter after that, the top executives of Europe’s biggest oil and gas majors say.   As of October 31, gas storage sites in Europe were 95% full, with German storage at 99% full, according to data from Gas Infrastructure Europe.  The comfortable storage levels, the high rate of LNG imports, and the mild weather in October and early November have eased…

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Karachi-Electric (KE) has approached Finance Minister Ishaq Dar for release of net receivables, issuance of tariff notifications and verification of claims amounting to about Rs 419 billion. In a letter to Finance Minister, Chief Executive Officer (CEO) KE, Syed Moonis Abdullah Alvi has given the reference of power utility’s earlier correspondence and discussions on this matter including KE’s letter of August 03, 2022 wherein Ministry of Energy, Power Division, was requested to expedite the process of release of pending claims, notification of Schedule of Tariffs (SoTs) determined by National Electric…

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The Art of Giving (AOG) organized its first-ever Open House at the Port Grand to provide an opportunity for the leading non-profits of the country to display their philanthropic and noble social work to prospective donors. The AOG joined hands with the National Forum for Environment and Health and CSR Club Pakistan to combine at one place leading charities, philanthropists, and donors for mobilizing maximum resources for genuine charitable causes in the country. AOG CEO, Raheel Aslam, said the Open House was organized to celebrate the fact that eight out…

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