The development of C-5, which is the fifth unit of the Chashma Nuclear Power Generating Station, has hit a snag because of the reported refusal by the Ministry of Finance to furnish a sovereign guarantee, sources told Dawn on Monday. The Chinese partner has agreed to provide financing for up to 85 per cent of the $3.7 billion nuclear power…
Read More
The government and the International Monetary Fund (IMF) on Tuesday began discussions on the country’s economic and fiscal policies and the reforms required to complete the much-delayed ninth review of a $7 billion loan programme. A delegation of the international money lender led by IMF Mission Chief Nathan Porter held a meeting with Finance Minister Ishaq Dar and other officials…
Read More
Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating payments for imports due to depleting foreign exchange reserves, traders and industry sources said. The country is facing a balance of payments crisis and the plummeting value of the rupee is pushing up the price of imported goods. Energy comprises a large chunk…
Read More
Islamabad: On 31 January, chapter one of the series, ‘Busting the Myths’, was published by Renewables First (RF), an energy and environment think-tank. The research claims to bust myths about renewable sources and their integration into the energy mix of Pakistan. The first chapter explains the reality behind the myths about baseload energy and the need for transition to renewable…
Read More
Recently around 41 innocent people were burned alive in a bus on Quetta-Lesbela Road.🚑🚒 It is unfortunate that while our priorities are to spend millions on Motorways and Orange/ Red Lines in other provinces, main RCD highway of Baluchistan (which connects Karachi to Afghanistan via Chaman and Iran via Taftan) is still single carriageway and is prone to many traffic…
Read More
