KARACHI: Sindh Engro Coal Mining Company (SECMC) is leading the way in biodiversity conservation, sustainable agriculture, and fish farming in Tharparkar, a statement of the company said on Thursday. The company has launched several initiatives to improve food security and livelihood generation for the local communities in the desert region, where it operates the largest open-pit coal mine in Pakistan.…
Read More
ISLAMABAD: Chinese firm, CIHC Pak Power Company (Pvt) Limited (CPPCL) is said to have shown willingness to commence work on 330 MW imported coal power project at Gwadar with stringent conditions, to be met by the Private Power & Infrastructure Board (PPIB) and National Electric Power Regulatory Authority (NEPRA), well-informed sources told Business Recorder. This project has been firmed up, after…
Read More
ECC decides to recover local, imported gas price difference from urban consumers ISLAMABAD: Days after burdening gas consumers with an additional Rs400 billion cost, the government on Thursday decided to recover Rs5 billion per month more from them on account of imported gas supply to fertiliser plants at lower rates after the finance ministry refused to provide funds. The Economic…
Read More
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday gave in to a demand of the Power Division to impose for 12 months an additional special surcharge at a flat rate of Rs1.52 per unit on all K-Electric consumers, except lifeline category with less than 100 units per month on a permanent basis. The additional surcharge will come into force from…
Read More
ISLAMABAD, Nov 23: Caretaker Minister for Energy Muhammad Ali Thursday said the future of renewable energy in Pakistan holds great promise as the country seeks to address its growing energy demands while mitigating the environmental impact of traditional energy sources.While addressing a seminar titled Renewable Energy the Way Forward jointly organized by Information Service Academy and Alliance for Good Governance…
Read More
ISLAMABAD: Knowing the fact that this time the government will collect revenue of Rs980 billion in the ongoing FY24 on account of the massive hike in gas prices by up to 193 percent, the IMF has still asked the government to further increase the sale price of natural gas from January 1, 2024 to slash the circular debt that currently…
Read More
ISLAMABAD: Pakistan has applied for BRICS membership and sought Russia’s support, the country’s envoy to Moscow Muhammad Khalid Jamali has said. There has been no comment from the Foreign Office without whose approval Jamali (who is yet to present his credentials) would not have made this revelation. According to media reports, Jamali was talking to the Russian news agency TASS…
Read More
ISLAMABAD: Dr Hafeez Pasha, former finance minister, Wednesday, while identifying key areas which undermine human security in Pakistan has said that the black hole in Pakistan’s economy is the energy sector, due to unbelievable levels of line losses and rising energy prices. He said this while speaking at the launch of his report titled, “Human Security in Pakistan” on the…
Read More
ISLAMABAD: Almost all the provinces and distribution companies as well as the power regulator have raised questions over the revised Rs510 billion investment plan for transmission system to be implemented by the National Transmission and Despatch Company (NTDC) over three years (2023-25). Similar objections were raised by provinces in January this year over insufficient allocations for evacuation of power from…
Read More
ISLAMABAD: While adopting a strategic fast-track strategy, the Oil & Gas Development Company Limited (OGDCL) has successfully completed the Khewari (Suleman 1 & 2) Development Project. The Khewari Development Project has potential of 10 million standard cubic feet per day (MMSCFD) which is being processed at the Sinjhoro Plant in the Sanghar district of Sindh province. Currently, the wells are…
Read More
