Category: Shortcode

Delays Plague 10 Major Hydropower Projects in Khyber Pakhtunkhwa

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Hydropower

PESHAWAR, January 17, 2025 – Ten major hydropower projects with a combined capacity of 781 MW in Khyber Pakhtunkhwa (KP) are facing significant delays, sparking concerns over missed deadlines and potential cost overruns. Three projects, including the Koto, Jabori, and Karora Hydropower Projects, have already surpassed their completion timelines despite nearing final stages of construction. Seven other projects, including the 300MW Balakot and 84MW Gorkin Matiltan projects, have also failed to meet their scheduled targets. The Pakhtunkhwa Energy Development Organization (PEDO), responsible for overseeing these initiatives, has come under fire…

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Over 40 Pakistanis Feared Dead in Boat Tragedy Near Morocco

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Boat-Tragedy

ISLAMABAD, January 17, 2025 – A boat carrying 80 passengers, including several Pakistani nationals, capsized near the Moroccan port of Dakhla, leaving over 40 Pakistanis feared dead, the Foreign Office (FO) confirmed on Thursday. FO Spokesperson Shafqat Ali Khan stated that the ill-fated vessel had departed from Mauritania before the tragedy occurred. Several survivors, including Pakistani nationals, have been rescued and are currently housed in a camp near Dakhla. Pakistan’s Embassy in Rabat is actively coordinating with local authorities, and a dedicated team has been dispatched to provide on-ground assistance…

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K-Electric Leadership Meets Government Officials to Address Pending Issues

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K-Electric1

ISLAMABAD, January 17, 2025 – A delegation from K-Electric (KE), led by Chairman of KE’s Board of Directors Mark Skelton, held meetings with key government authorities to address long-standing issues, including unresolved tariffs and financial claims, informed sources told Business Recorder. The discussions focused on KE’s generation tariff proposal, which has faced criticism from Power Minister Sardar Awais Leghari for potentially imposing an additional financial burden of Rs. 500 billion on consumers over a seven-year period. A separate high-level meeting to discuss KE’s issues, initially scheduled for Thursday under the…

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Diamer-Bhasha Dam Project Cost Surges by 119.21% Amid Design Revisions and Security Needs

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Bhasha-Dam

ISLAMABAD – The cost of the Diamer-Bhasha Dam project has escalated by 119.21%, rising from Rs479 billion to Rs1.05 trillion, due to revised designs, enhanced security measures, and other external factors, according to Minister for Water Resources Musadik Malik. In a written reply to the National Assembly, the minister cited the redesign of the main dam to accommodate updated seismic parameters by the International Commission on Large Dams (ICOLD). Modifications also included the diversion scheme, flushing tunnel, hydro-mechanical works, and revised flood safety measures, driven by additional geological investigations. Security…

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Finance Minister Calls for Timely Implementation of NEV Policy 2025-30

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ISLAMABAD – Federal Minister for Finance Muhammad Aurangzeb has emphasized the urgent need for the timely development and implementation of Pakistan’s New Energy Vehicle (NEV) Policy 2025-30 to drive the country’s transition to clean energy in the transport sector. Chairing a high-level meeting, the minister highlighted the importance of coordinated efforts to achieve the policy’s ambitious targets, aligning them with Pakistan’s environmental and economic priorities. The Industries and Production Secretary presented a comprehensive overview of the current state of the EV industry, focusing on key challenges such as infrastructure gaps,…

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