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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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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ISLAMABAD: Federal Minister for Planning and Development Asad Umar on Monday set deadlines to put into operation two mega transport projects in Karachi — the Rs300 billion Karachi Circular Railway and Rs25bn Green Line Bus Rapid Transport — later this year. The ministry in a statement said that the deadline for signing of first package (A) of the Integrated Transport…
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Created by startup Vortex Bladeless, the 3m-high cylindrical turbines are designed to oscillate within the wind range, generating electricity from the vibration. The bladeless design recently won the approval of Norway’s state energy company Equinor, which named Vortex on a list of the 10 most exciting startups in the energy sector. It will also offer the firm development support through…
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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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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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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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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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Sindh Governor Imran Ismail on Sunday launched an urban forest project at the Governor House to mark International Day of Forests. The urban forest would be developed on an acre inside the Governor House using the famous Japanese Miyawaki technique. Saplings of 1,260 different plant and trees species would be planted under the project conceived to further the 10 billion…
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LAHORE: On the eve of World Water Day being observed around the world on Monday under the theme for 2021, “Valuing Water”, the Water and Power Development Authority (Wapda) has pledged to add 11 million acre feet water to the gross storage of the country by completing eight mega water conservation and electricity generation projects in as many years. “Cognisant…
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