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Month: August 2023

MOU between Pakistan Mineral Development Corporation and Miracle Saltworks Collective Inc. for Export Quality Pink Rock Salt Crushing & Packaging Facility

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Pink-Rock

Islamabad, Pakistan – August 11, 2023: As a part of building mineral driven economy by GoP, Pakistan Mineral Development Corporation (PMDC) under the control of Ministry of Energy (Petroleum Division) and Miracle Saltworks Collective Inc. (MSCI), based in Wisconsin, USA, have embarked partnership with the signing of a Memorandum of Understanding (MoU). This non-binding MOU envisages to establish a state-of-the-art…

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KUWAITI-BASED ENERTECH HOLDING EXPLORES COLLABORATION WITH K-ELECTRIC IN ACCELERATING GREEN ENERGY TRANSITION.

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KUWAITI-BASED

Karachi, August 11, 2023: “Pakistan’s energy landscape is rapidly changing, and clean energy is increasingly taking center stage. At EnerTech Holding, we have been exploring various markets and identifying partners in leading utilities with whom we can collaborate and catalyze the transformation. We’re very pleased to see K-Electric’s ambitions for Karachi and its alignment with the country’s renewable energy vision.…

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LONGi’s products have obtained the verification of carbon footprints

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Longi-1

What is a carbon footprint? It generally refers to the total amount of greenhouse gases, either directly or indirectly, emitted from individuals, organizations, activities or products throughout their entire lifecycles. With climate changes becoming the focus of the world, major companies are increasingly concerned about the impact of their carbon footprints on the environment and society. As a global leader…

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WAPDA organizes seminar on impact evaluation of climatic changes on water resources

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WAPDA

August 10, 2023: WAPDA organized a seminar on “Impact Evaluation of Climatic Changes on Water Resources in collaboration with World Bank at WAPDA House today. Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) was the chief guest. The seminar was attended by Vice Chancellor University of Engineering and Technology Lahore Prof. Dr. Habib ur Rehman, Senior Social Development Specialist, World Bank…

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Nepra dismayed by higher Lesco losses

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Nepra-tariff

ISLAMABAD: The power sector regulator, National Electric Power Regulatory Authority (Nepra) has expressed total dissatisfaction over the performance of Lahore Electric Company Limited (Lesco) and stated that its losses are significantly higher against the allowed losses by Nepra. During a public hearing on a petition filed by the Lesco for allowing multi-years’ tariff from the fiscal year 2023-24 to 2027-28…

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Neelum Jhelum Hydropower Project Resumes Electricity Generation Federal Minister for Water Resources inaugurates electricity resumption

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electricity-generation

August 9, 2023: Subsequent to completion of restoration works in the tail race tunnel, Neelum Jhelum Hydropower Project has resumed electricity generation. Federal Minister for Water Resources Syed Khursheed Ahmed Shah visited Neelum Jhelum Hydropower Project and resumed the electricity generation by pressing the button. He also unveiled a plaque to mark resumption of electricity generation from the project. At…

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Conference on climate emergency and urban transportation

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AEEA-2023

World leaders gathering in Dubai for COP-28 this year to fully support Pakistan due to its serious climate risk: UAE Consul General Karachi: The concerned world community assembling at the United Nations Climate Change Conference-2023 (COP-28) to be held in Dubai later this year is sure to provide special financial assistance to Pakistan keeping in view its serious vulnerability due…

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Updated CDMP as per SBA yet to be approved

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CDMP-SBA

ISLAMABAD: The pledge for the Cabinet to approve an updated Circular Debt Management Plan (CDMP) by end-July 2023 as stipulated in the Memorandum of Economic and Financial Policies section of the Stand-by Arrangement (SBA) documents uploaded on the International Monetary Fund website on 12 July 2023 has yet to be met. The updated CDMP envisaged clearance of circular debt stock…

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Tumultuous NA term ends today

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shehbaz-shareef

Prime Minister Shehbaz Sharif on Tuesday confirmed that the term of the National Assembly would be cut short prematurely on August 9 (today), paving the way for a caretaker setup to take up the reins after consultations with the opposition leader. PM Shehbaz Sharif will formally recommend to President Arif Alvi the dissolution of the 15th National Assembly once the…

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ECC okays $3b loan guarantee for N-plant

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dollars

Pakistan on Tuesday approved issuing $3 billion worth sovereign guarantees against a Chinese loan for a nuclear power plant and also stamped an operator-favoured State Support Agreement for the outsourcing of the Islamabad International Airport. The Economic Coordination Committee (ECC) of the outgoing cabinet took these decisions but left a decision for the import of at least one million metric…

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