LAHORE: The Karot Hydropower Plant, a key project under the China-Pakistan Economic Corridor (CPEC), has added around 3.64 billion units of clean and cheap electricity to the national grid in its first year of operation, the company said on Thursday. The 720MW plant, which was inaugurated in June 2022, uses indigenous resources and has no carbon emissions. It contributed more…
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ISLAMABAD: Finance Minister Ishaq Dar chaired a meeting on reforms in the energy sector at the Finance Division, Friday, says a press release. Minister of State for Petroleum Division, Musadik Masood Malik, SAPM on Finance, Tariq Bajwa, SAPM on Revenue, Tariq Pasha and senior officers from the Finance and Petroleum Divisions attended the meeting. PM for making energy sector reforms…
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PM to preside over the meeting on Monday to grant final approval ISLAMABAD: In a bold move to achieve 100% local diesel production, the Cabinet Committee on Energy (CCoE) is poised to sanction incentives to existing refineries for the establishment of upgradation plants. Prime Minister Shehbaz Sharif is slated to preside over the CCoE’s meeting on Monday to grant final…
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Gwadar Port and the completed Phase one of the Gwadar Free Trade Zone, stand as testaments to CPEC’s achievements BEIJING: The Pakistan Ambassador to China, Moinul Haque, extolled the China-Pakistan Economic Corridor (CPEC) as a transformative force for Islamabad and the entire region, fostering peace, prosperity, and growth. Haque highlighted CPEC’s alignment with Pakistan’s development agenda, lauding it as an…
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ISLAMABAD: A National Assembly panel has raised questions over the transparency of over $3 billion loans under the concessionary Temporary Economic Refinance Facility (TERF) to some businesses during the Covid-19 pandemic and expressed concern over the central bank’s weak oversight of how the cheaper financing was utilised. Meanwhile, Finance Minister Ishaq Dar told the Standing Committee on Finance and Revenue…
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