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In a major development, the government plans to use indigenous Thar coal, instead of imported coal, for generation of 3,960MW. The three power plants that would be shifted to indigenous coal are Sahiwal Coal Power (Sahiwal), China Hub Coal Power (Hub) and Port Qasim Coal (Port Qasim, Karachi), each of 1,320MW installed capacity. It is indeed a landmark and timely…

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Power Sector’s Transmission & Distribution Losses Soar To Rs473 Billion In 2021

Power Sector’s Transmission , According to Pakistan Institute of Development Economics (PIDE)’s One Year Growth Strategy for Pakistan, energy is a chronic problem that eight governments have not been able to solve. Due to mismanagement and weak governance in the power sector, huge transmission & distribution losses reached Rs. 473 billion during 2021, out of which Rs. 402 billion were…

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Economic Journey of Pakistan’ released: Govt eyes 6-7pc GDP growth in medium-term

The present government’s priorities are to increase GDP growth to 6-7% in the medium term, improve investment climate to attract domestic and foreign investment, promote tourism and information technology, and set up Special Economic Zones (SEZs) for export promotion. This was stated by Finance Ministry in the “75 years’ economic journey of Pakistan” released by it on Saturday to commemorate…

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Oil refineries’ estimates: POL products’ prices may soar by up to Rs16.48 per litre

Petrol-Price

The federal government may increase the prices of petroleum products by up to Rs16.48 per litre with effect from August 16, according to the estimates of oil refineries. In a press conference on Saturday, Minister of State for Energy (Petroleum Division) Musaddiq Malik said that the Oil and Gas Regulatory Authority (Ogra) determines the price of petroleum products on the…

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Iran Signals That Latest Nuclear Deal Proposal Could Be ‘Acceptable’

Iran considers that a European Union proposal for the restoration of the so-called nuclear deal could be “acceptable” if it provides assurances about the key demands of the Islamic Republic, a senior Iranian diplomat was quoted as saying on Friday. Speaking to Iran’s IRNA news agency, the unnamed Iranian diplomat said on Friday, as carried by Reuters: “Proposals by the…

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