The newly elected President of the Federation of Pakistan Chambers of Commerce and Industry Irfan Iqbal Sheikh Tuesday urged the government and private sector to join hands for raising forest cover from 5 to 25 percent to meet the ever-growing needs of the furniture industry in the country. Talking to Mian Kashif Ashfaq, CEO of Pakistan Furniture Council (PFC) today…
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National Electric Power Regulatory Authority (Nepra) approved a fuel charge adjustment (FCA) of Rs.1.0751 per kWh for K-Electric (KE) for the month of October 2021, a notification said on Tuesday. NEPRA notified the FCA for KE that had applied for the adjustment, after a hearing held on Nov 30, 2021. The authority approved the FCA of Rs. 1.0751/kWh for Oct…
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Pak-Arab Refinery Limited (PARCO) has received Rs72,000 per tonne bid for export of its high sulfur fuel oil (HSFO) against the ex-refinery price of Rs86,000 per tonne, The News learnt on Tuesday. PARCO floated the tender for sale of its HSFO, which the company has started to store at Port Qasim for export purposes. It has stored 46,000 tonnes of…
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Germany and Austria came out strongly against the European Union proposal to classify some natural-gas and nuclear projects as sustainable investments, with both countries accusing the bloc of “greenwashing.” In Berlin, the Greens — who joined Germany’s new ruling coalition following September’s election — criticized the regulatory plan as damaging the credibility of the EU green rulebook, known as taxonomy,…
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Prime Minister Imran Khan has appointed Azam Jamil as his Special Assistant for Tourism Coordination. With an illustrious career in the hospitality and tourism industry starting with Intercontinental Hotels in the mid-seventies and spanning well over four decades, Azam has been responsible for spearheading some of the key projects and institutions that shape Pakistan’s tourism industry in the present day.…
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Haque Nawaz has joined the Board of Directors of Gas & Oil Pakistan Ltd. He holds master’s degrees in Business Administration and Organic Chemistry. Mr Nawaz is a director at the board of Bank of Azad Jammu & Kashmir since June 2021 and has previously worked as the acting Auditor General of Pakistan. He also served as Joint Secretary as…
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KARACHI: Both the Renewable & Alternative Energy Association of Pakistan (REAP) and the Pakistan Solar Association (PSA) have urged the federal government to immediately withdraw its proposal to impose 17 per cent GST on solar and wind power generation equipment as otherwise Pakistan’s continuing drive to ensure its energy security through clean power sources would be severely compromised. A press…
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There are up to 85 locations across motorways, which are available for the development of DC-fast charging infrastructure for Electric Vehicles (EVs) to prevent ‘range-anxiety’ in adoption of modern electric cars in the country, a report identified. Titled ‘Developing Electric Vehicle Charging Infrastructure Across Highways and Motorways of Pakistan’, the report was prepared to highlight the issues and potential being…
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The most recent wake-up call for the Pakistani elite was last week’s mini budget. Nearly every aspect of this mini budget exposes a profound crisis at the heart of what is and what will be Pakistan for the over 110 million Pakistanis below the age of 23. Let’s count some of the more obvious crises to begin with. Shaukat Tarin,…
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Sui Southern Gas Company Ltd (SSGCL) has said that it is facing a shortfall of around 240-250 million cubic feet per day (mmcfd) of gas primarily because of depleting indigenous supplies and constant increase in demand. Clarifying a news report published in Dawn’s Jan 2 issue under the headline ‘Eight-hour gas supply hampering Karachi export industry’, the gas utility said…
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