ISLAMABAD: The circular debt in the power sector currently standing at Rs2,219 billion is to swell up to Rs4,000 billion in 2025 that will have a catastrophic impact on the economy. The power tariff in 2025 will surge by Rs5.1 per unit, driven mostly by the CPP (Capacity Purchase Price), unfolds a study titled “Fixing Pakistan’s Power Sector” prepared by…
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In a recent tweet by the Minister of Science and Technology Fawad Chaudhry, it has been revealed that Attock Petroleum Limited is setting up an Electric Vehicle (EV) charging point at Jinnah Avenue, Islamabad. The tweet further stated that its inauguration is another milestone achieved by the Ministry of Science and Technology in pursuit of introducing electric vehicles in Pakistan.…
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As the world makes a push towards the Great Reset, there is considerable talk about powering our future with renewable energy (RE). However, the allure of harnessing the wind and sun as sources of sustainable source of energy is not new. In 1931, Thomas Edison told his friend, Henry Ford, “I’d put my money on the sun and solar energy.…
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The joint delegation of LPG Industry Association called on Mr. Nadeem Babar, Special Assistant to Prime Minister on Petroleum at Ministry of Energy—Petroleum Division in this afternoon. The delegation included Chairman LPG Distributor Association, Chairman LPG Marketing Companies Association, LPG importer, Spokesperson and member of LPGAP. The SPAM stated that the government would design the long-term liquefied petroleum gas (LPG)…
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ISLAMABAD: Chairman Special Parliamentary Committee on Kashmir, Shehryar Khan Afridi has strongly denounced the Indian occupation regime for enacting new laws to enable illegal military cantonments in the disputed area of Indian Occupied Kashmir (IoK) and urged United Nations to take action to stop this illegal process.Addressing a seminar here at National Press Club on Sunday, organised to mark Kashmir…
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KARACHI: The federal government of Pakistan People’s Party (PPP) in 2009 had written off Rs31 billion owed by K-Electric.An agreement between K-Electric and Pakistan People’s Party government has emerged through which the government wrote off billions of billions owed by the power utility. The amended 2009 agreement allowed for Rs31 billion in arrears to be written off as government losses.The…
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Chairman CPEC Authority Lt. General (retd) Asim Saleem Bajwa has said that the 306 kilometers Sukkur-Hyderabad Motorway (M-6) will promote the socio-economic development of interior Sindh. The M-6 motorway is approved in the Executive Committee of the National Economic Council (ECNEC) on BOT basis. Chairman further underlined that M-6 will enhance motorway connectivity by linking East Balochistan to entire Motorway…
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Ongoing development of new liquefied natural gas (LNG) projects in Russia will allow it to seize a 15-percent share of the global LNG market, Russian Energy Minister Alexander Novak wrote in an article in the Russian magazine Energy Policy. Since Russia began LNG exports in 2009 with the Sakhalin-2 project, its exports of LNG have increased 4.5 times, Novak said.…
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PAKISTAN heavily depends on groundwater to sustain its agricultural production and to ensure food security. However, it is feared that the on-going unsustainable groundwater abstractions might have serious repercussions to the sustainability of the agrarian economy of Pakistan. After the green revolution of the 1960s, groundwater use in irrigation has been increasing steadily in Pakistan. Between 1960 and 2010, the…
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The recently signed agreements in Pakistan for hydropower projects under the China-Pakistan Economic Corridor (CPEC) marked the beginning of a mature new phase for the program, which is under the China-proposed Belt and Road Initiative (BRI), experts told the Global Times on Thursday. The concessional agreement for the 700.7-MW Azad Pattan Hydropower Project was signed last week, a breakthrough for the implementation…
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