Tag: pakistan energy

Stakeholders push for swift implementation of competitive power market

Admin
power market

KARACHI: Leading stakeholders from Pakistan’s energy and policy landscape convened at a high-level multi-stakeholder dialogue hosted by Renewables First, Pakistan’s think tank for energy and environment, on Wednesday in Islamabad to assess the financial and technical readiness for operationalising a competitive electricity market. The event brought together senior government officials, legislators, regulators, development partners and power sector experts to chart a course for implementing the long-delayed competitive trading bilateral contracts market (CTBCM) reform. The CTBCM, already approved by the Economic Coordination Committee and the National Electric Power Regulatory Authority (Nepra),…

Read More

Pakistan-China Security Cooperation: A Strengthened Partnership for Regional Stability

Admin
Pakistan-China

Pakistan’s commitment to ensuring the safety and security of Chinese nationals in Pakistan has become increasingly significant as terrorist attacks targeting Chinese personnel have intensified in recent years. This commitment was highlighted during the recent visit of Chinese Premier Li Qiang to Pakistan, where the two nations reinforced their determination to combat terrorism, safeguard Chinese nationals, and secure key infrastructure projects associated with the China-Pakistan Economic Corridor (CPEC). As this partnership grows, so does Pakistan’s resolve to protect Chinese citizens, viewing their safety as crucial to the continued progress of…

Read More

NA body on petroleum expresses serious concern over CSR fund misuse

Admin
National-Assembly

ISLAMABAD: National Assembly Standing Committee on Petroleum Division on Thursday expressed serious concern over inadequate regulatory oversight that has led to the misuse of Corporate Social Responsibility (CSR) funds and the underutilization of the Production Bonus and Training Fund by exploration and production (E&P) companies. Chaired by MNA Syed Mustafa Mehmood, the Standing Committee convened to review the CSR initiatives by E&P companies. In a unanimous decision, the committee agreed to form a subcommittee to draft new guidelines aimed at improving the utilization of CSR funds, production bonuses, and training…

Read More

NTDC Restructuring and Transparency Urged for Power Sector Reform

Admin
power sector

ISLAMABAD: Federal Minister for Power Division, Sardar Awais Ahmed Khan Laghari, emphasized the need for restructuring the National Transmission and Despatch Company (NTDC) to enhance grid efficiency and sustainability. During a meeting with the Board of Directors (BoDs) and CEOs of power sector companies, alongside experts from the World Bank, Asian Development Bank, and Islamic Development Bank, Laghari highlighted the impact of outdated infrastructure on system inefficiencies and stressed the urgency of transparent operations. He called for quicker, data-driven decision-making to lower electricity costs for consumers, urging development partners to…

Read More