The government is yet to submit an alternative plan for power sector management to the World Bank, the lead agency in this sector, or demonstrate the generation of an additional Rs 100 billion through enforcement measures prior to re-engaging with the International Monetary Fund for the sixth review under the $ 6 billion Extended Fund Facility (EFF). A senior member…
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To promote and recognize Pakistan’s bright, young entrepreneurs, ‘Shell Tameer Awards 2021’ has been launched, opening the application process from now until August 8th. This initiative is part of Shell LiveWIRE – a global flagship programme, locally named Shell Tameer, for enterprise development, envisioned to strengthen local economies, by promoting entrepreneurship and innovation. Start-ups and innovators in their prototype stage…
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Pakistan and United States of America on Monday pledged to jointly work and boost bilateral cooperation for enhanced global climate action to protect world environmental ecosystems and the life on earth they feed, said the statement. https://www.facebook.com/v2.9/plugins/quote.php?app_id=106170627023&channel=https%3A%2F%2Fstaticxx.facebook.com%2Fx%2Fconnect%2Fxd_arbiter%2F%3Fversion%3D46%23cb%3Dfc30a4346bc8e8%26domain%3Dnation.com.pk%26origin%3Dhttps%253A%252F%252Fnation.com.pk%252Ff10e5051d37f3e4%26relation%3Dparent.parent&container_width=779&href=https%3A%2F%2Fnation.com.pk%2F27-Jul-2021%2Fpakistan-us-pledge-to-work-for-global-climate-action&locale=en_US&sdk=joey Climate Change Ministry media spokesperson Muhammad Saleem told media persons that Special Assistant to Prime Minister Imran Khan on Climate Change Malik Amin Aslam…
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Zi Solar, a leading renewable energy solution provider in Pakistan, has entered into partnership with Aeonus, a Korean global leader in renewable energy, for the deployment of Electric Vehicles (EV) charging and storage equipment in the country. The two companies will also collaborate in research and development to promote electric charging infrastructure and facilities in Pakistan. The collaboration is in…
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The PLL issued a tender for the supply of eight cargoes for September and October, 2021. The lowest offers ranged from $13.78/mmbtu to $16/mmbtu. Gunvor Singapore offered $15.6/mmbtu for two cargoes to be delivered on September 6 to 7 and September 10 to 11, 2021. QP Trading offered $13.78/mmbtu for the delivery on September 16 to 17, and $13.98/mmbtu for…
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The country’s flagship project, Pakistan Stream Gas Pipeline (PSGP), will be financed through the Gas Infrastructure Development Cess (GIDC), an official said on Monday. During a meeting of the Senate Standing Committee on Petroleum, held under the chairmanship of Senator Muhammad Abdul Qadir, Petroleum Division secretary Dr Arshad Mahmood said that this joint venture between Russia and Pakistan is the…
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The government has made electricity 7.5 percent more expensive for domestic non-filer consumers whose monthly consumption is over Rs 25,000 per month. Lahore Electric Supply Company (Lesco), on its website, has intimated its consumers about the new tax (withholding tax) to be charged from July 1, 2021. “Dear customers! Government of Pakistan has imposed 7.5 percent tax on electricity bills…
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The cargo ship that has been stuck at Clifton beach in Karachi will remain stranded till August 15 as the engine of the vessel is too weak to function, said Special Assistant to the Prime Minister on Maritime Affairs Mehmood Moulvi on Monday. Speaking at a press conference alongside the Federal Minister for Maritime Affairs Ali Zaidi, Moulvi said the…
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The Central Power Agency Guarantee (CPPA-G) on behalf of ex-Water and Power Development Authority (Wapda) distribution companies has sought an increase of 80 paisa per unit in the power tariff for June under monthly Fuel Cost Adjustment (FCA) mechanism. The CPPA-G in a petition filed with the National Electric Power Regulatory Authority (Nepra) said the actual fuel charges remained Rs6.739…
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The fishy affairs of Hascol oil marketing company have landed in a parliamentary panel with a member levelling allegations of corruption worth Rs15 billion on the company. Senate Standing Committee on Petroleum member Afnanullah Khan alleged Hascol has been involved in corruption worth Rs15 billion. “Who is responsible for such massive corruption?” Senator Mohsin Aziz, another committee member questioned, adding…
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