ISLAMABAD: To meet another target before a meeting of the executive board of the International Monetary Fund (IMF), the government on Thursday approved an increase of 26 paisa per unit in electricity tariff, instead of 15 paisa allowed by the power regulator. This decision was made at a meeting of the Economic Coordination Committee (ECC) of the Cabinet that also…
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BYD, the Chinese multinational company and world’s largest electric vehicles manufacturer with turnover of $250 billion, is all set to enter Pakistan. The development was announced by Pakistan Electric Vehicles & Parts Manufacturers and Traders Association (PEVPMTA) General Secretary Shaukat Qureshi while talking to local media. “Toyota, the world auto giant, for the first time signed an agreement on November…
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ISLAMABAD, Nov 29 (APP):Federal Minister for Power and Petroleum, Omar Ayub Khan on Friday said that the Petroleum sub-Sector offering huge oil and gas exploration opportunities of around 40 new sites for which auction will be conducted in the month of December 2019. In a meeting with German Ambassador Bernhard Schlangheck who called on him at his office, he said…
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ISLAMABAD: Pakistan State Oil (PSO) has scuttled the move of Power Division seeking end to utilisation by RLNG power plants minimum 66 percent supply of imported gas on annual basis guaranteed in the deal saying it is simply not acceptable as it will lead to huge financial losses to the national exchequer and public sector companies involved in LNG supply…
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KARACHI: The use of electric vehicles will reduce fuel cost by 60 percent and it will also resolve environmental issues caused by pollution, Malik Amin Aslam, Advisor to Prime Minister for Climate Change, said on Thursday. Addressing at a press conference, Amin Aslam said that the government had approved first ever Electric Vehicle Policy and the industry would start working…
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