ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar on Tuesday hoped to conclude a deal for selling a stake to Saudi Arabia in the Reko Diq, one of the world’s biggest gold and copper mining projects, by December. “We are quite excited at the Saudi offer, and we would be very much encouraging their participation, not just in this project but otherwise…
Read More
ISLAMABAD, Nov 7 (APP): Caretaker Minister for Energy, Power and Petroleum, Muhammad Ali on Tuesday said that to ease the lives of people and businesses, the government was making all-out efforts to provide energy to the people and industries through imported LNG, especially during winters.He was addressing the 29th edition of the Annual Technical Conference (ATC) jointly organized by the…
Read More
ISLAMABAD: The federal government has directed Petroleum Division to prepare a policy paper for amendments to OGRA Ordinance 2002 empowering the Regulator to set and notify gas prices in future, sources close to Secretary Petroleum told Business Recorder. The decision was taken at the meeting of the Economic Coordination Committee (ECC) on October 23, 2023 which was ratified by the Federal…
Read More
ISLAMABAD: The Power Division has reportedly been directed to move a summary to scrap the decision of elected government regarding provincialisation of power Distribution Companies (Discos), fearing that provincial governments might not be able to run Discos due to their limited expertise, well-informed sources told Business Recorder. Former Prime Minister Shehbaz Sharif had directed the concerned Ministries/Divisions to prepare a mechanism…
Read More
Emphasise need to reduce cost of electricity production, revise tariff structure LAHORE: A discussion convened by the Lahore Economic Journalists Association (LEJA) titled ‘Increase in power tariffs – impact on consumers’ affordability, DISCOs recoveries, and circular debt’ brought together experts who emphasised the urgent need to reduce the cost of electricity production, revise the tariff structure, and enhance the efficiency…
Read More
Aims to diversify Karachi’s energy mix, drive down costs and reduce environmental impact ISLAMABAD: K-Electric (KE), the primary electricity provider for Karachi, is advancing a strategic renewable energy plan that could reshape the city’s power landscape. The company has taken significant steps towards adding 640MW of renewable capacity to the local grid. KE’s revised Requests for Proposals (RFPs) submitted include…
Read More
LAHORE: Speakers at a consultative session were unanimous that controlling theft, appointing professionals in Discos, increasing power generation from indigenous and renewable resources, and separating financial recoveries like taxes and fee from electricity bills are crucial to reduce the rising power tariffs for consumers. They were also of the view that there is a need to reduce the cost of…
Read More
KARACHI: Pakistan is the third biggest recipient of Chinese development finance worldwide with a portfolio of $70.3 billion, according to a report released on Monday by AidData, a US-based international development research lab. Only two per cent of China’s portfolio in Pakistan between 2000 and 2021 consisted of grants while the rest was in the form of loans, says the AidData…
Read More
Xi’an, November 3, 2023-The world-leading solar technology company, LONGi Green Energy Technology Co., Ltd. (hereafter as “LONGi”), announced today that it has set a new world record of 33.9% for the efficiency of crystalline silicon-perovskite tandem solar cells. It is reported that the previous world record was 33.7% and conducted by King Abdullah University of Science & Technology (KAUST) in…
Read More
ISLAMABAD: Three key water sector development projects under the Prime Minister’s National Agriculture Emergency Programme and designed to increase crop yields leading to gaining self-sufficiency in food suffer a major setback as funding for these projects has been delayed. The national food security and research ministry — which sponsored these projects costing Rs194 billion and launched in 2019-2020 and due…
Read More
