Day: February 10, 2021

ISLAMABAD (Web Desk) – Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar has said that the government has made significant progress towards energy reforms despite challenges caused by the COVID-19 Pandemic. He said this during a virtual meeting with Asian Development Bank team in Manila. The Special Assistant informed the forum that government has prepared framework of regulatory…

Prime Minister Imran Khan is leading a historic effort aimed at developing a strong knowledge economy. Projects worth about Rs120 billion are in various stages of approval. Some have already been approved and their implementation begun. These include a Rs12 billion scholarship project of the Knowledge Economy Task Force that is chaired by the prime minister and of which I…

ISLAMABAD: Chair-man, National Electric Power Regulatory Authority (Nepra) on Tuesday gave his consent to the establishment of power regulators at the provincial level for provision of better service to people and resolution of electricity issues. He made these remarks during a hearing on issuance of transmission licence to Khyber Pakhtunkhwa Transmission Grid Company (KP-PGC) which the provincial government intends to…

KARACHI: Pakistan plans to ask China for relief on payments for power projects Beijing financed over the past eight years, the latest developing nation that’s struggling to repay debt under President Xi Jinping’s Belt and Road Initiative, Bloomberg reported on Tuesday. In informal talks, Pakistan and China have discussed easing terms on the repayment of debt on about a dozen…

Starting with the 1994 private power policy, Pakistan has seen a streak of energy policies, introduced at regular intervals by successive governments in their bid to fuel the growing economy and serve the demands of the burgeoning population. Most of these policies, however, failed to deliver their intended outcomes during implementation. Often, these policies have also led to serious unintended…

ISLAMABAD: The Asian Development Bank (ADB) has reaffirmed its support for energy sector reforms in Pakistan. Special Assistant to Prime Minister on Petroleum Nadeem Babar on Tuesday held a virtual meeting with the ADB team in Manila together with ADB Country Director Xiaohong Yang and the energy team, said a statement issued by the Petroleum Division. The meeting was aimed to…