Gwadar holds seminar on blue economy

A one-day seminar titled “Gwadar Development and the Growth of Blue Economy in Pakistan” was held at the Pak-China Business Centre in Gwadar on Monday. The seminar was organised by Friedrich Ebert Stiftung Pakistan in collaboration with Parliamentary Committee on the China Pakistan Economic Corridor. The dialogue was attended by members of the National Assembly, Provincial Assembly, Gwadar Development Authority,…

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Ehsaas averted catastrophe during pandemic: report

ISLAMABAD: A report released by an international organisation based in Brazil has found that Pakistan’s innovative emergency cash programme (Ehsaas) helped avert an economic catastrophe during the Covid-19 pandemic. The report, “What’s next for social protection in light of Covid-19: country responses” released by the International Policy Centre for Inclusive Growth (IPC-IG), focuses on experiences from countries in Asia, including…

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New policy to extend incentives for setting up refineries

ISLAMABAD: The government has finalised a new policy for petroleum refining under which an incentive package will be extended for setting up of deep conversion refineries. The package will provide a 20-year tax holiday and up to nine-year cascading customs duty reduction in pricing provided the investors sign construction agreements before Dec 31, 2021. The policy framework has been finalised…

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Arbitration Agreement

ISLAMABAD: The government and Karachi Electric (KE) are said to have narrowed down differences on Terms of Reference (ToRs) on Arbitration Agreement (AA) but there is a bumpy road ahead as influential “spoilers” are making last ditch effort to create confusion at the top level, well informed sources told Business Recorder. “We are making our best effort to sort out…

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201 to 300 electricity units

ISLAMABAD: The government is likely to withdraw subsidy available to electricity consumers using 201 to 300 units monthly gradually on the plea that provision of subsidy is not possible due to power sector’s financial woes, well informed sources told Business Recorder. According to the proposed subsidy plan for FY 21, residential consumers with an average of 300 units of monthly…

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16 wind, solar projects with capacity of 860 MW achieve financial closing

As many as 16 wind and solar power projects with a cumulative capacity of 860 MW have  successfully achieved Financial Closing which will expected to be fully operationalized by  2021. Official sources told APP here that in compliance with the CCOE’s decision, Alternative Energy Development Board (AEDB) has actively been facilitating the Alternative Renewable Energy (ARE) projects that were discarded…

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Forest restoration helps out biodiversity, local communities’ development: Amin

Special Assistant to the Prime Minister (SAPM) on Climate Change Malik Amin Aslam Sunday said forest restoration was killing two birds with one stone as it helped in biodiversity conservation and local communities’ well-being and development.  In his message on World Forests Day, he said Prime Minister Imran Khan’s vision of Ten Billion Tree Tsunami Plantation (TBTTP) project aimed at…

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