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Day: January 17, 2024

Pakistan Launches Three Groundbreaking Initiatives Through The Efforts of Hisaar Foundation

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hisaar

Karachi – In the wake of the recently concluded 6th Karachi International Water Conference, organized by Hisaar Foundation (HF) in association with Infra Zamin Pakistan and other partners, Pakistan has taken a significant leap by unveiling three essential initiatives aimed at addressing pressing water and climate challenges. The two-day conference, a testament to Hisaar Foundation’s persistent dedication to water-related issues…

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KCCI DELEGATION MEETS CHAIRMAN KPTZaidi grills Shipping Cos, vows to go tough against exorbitantly high, unlawful charges

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KCCI

KARACHI: Chairman Karachi Port Trust (KPT) Syed Syedain Raza Zaidi, after listening to the grievances being faced by business community due to exorbitantly high and totally unjust charges, grilled Shipping Companies for terribly looting traders by overcharging under various headers without any justification.KPT will go very tough against the highhandedness of shipping companies, hence, they should submit details of their…

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Pakistan’s Strong Condemnation of the Unprovoked Violation of its Air Space

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Foreign-Affairs

Pakistan strongly condemns the unprovoked violation of its airspace by Iran and the strike inside Pakistani territory which resulted in death of two innocent children while injuring three girls. This violation of Pakistan’s sovereignty is completely unacceptable and can have serious consequences. It is even more concerning that this illegal act has taken place despite the existence of several channels…

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Oil and gas firms to be allowed to sell 50pc gas to private sector: minister

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Energy-minister

ISLAMABAD: The government is going to allow the country’s oil and gas exploration and production (E&P) companies — OGDCL, PPL, GHPL, Mari gas, and foreign companies — to directly sell 50 percent of gas to the private sector and 50 percent to state-owned gas companies. This initiative would not only help reduce the financial morass of the E&P companies that…

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Energy sector circular debt hits record Rs5.73tr despite tariff hikes

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power-e-unit

The viability of power and gas sector companies continues to deteriorate due to the circular debt, affecting Pakistan’s borrowing options Pakistan’s energy sector is grappling with soaring circular debt, now reaching a staggering Rs5.73 trillion, as revealed by official documents. This figure has exceeded the previous estimate reported to the International Monetary Fund (IMF) two months ago by Rs1.5 trillion.…

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Govt to cut power tariff for revival of economy

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IMF-board

ISLAMABAD: Ahead of the final review next month with the International Monetary Fund (IMF) of the ongoing $3 billion Stand-By Arrangement, the Power Division on Tuesday confirmed to have finalised a plan to reduce power tariffs for the industrial sector to revive economic activities, create job opportunities and address circular debt challenge. Testifying before the Senate Standing Committee on Power,…

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PMD suggests dams in catchment areas to conserve rainwater

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dam-hydro

ISLAMABAD: The Pakistan Meteorological Department (PMD) has suggested building large and small dams in catchment areas, especially to conserve the rainfall water during the monsoon period in order to cope with the floods and droughts in the country. The Drought Bulletin of Pakistan prepared by the National Drought Monitoring Centre (NDMC) of PMD says Pakistan’s dams’ water storage capacity is…

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PLL Secures Second LNG Cargo from SOCAR under Government-to-Government Framework Agreement

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Pakistan-LNG

Ministry of Energy (Petroleum Division) and Pakistan LNG Limited (PLL) are pleased to announce the successful procurement of a second LNG cargo from the State Oil Company of the Azerbaijan Republic (SOCAR) under the Government-to-Government Framework Agreement between PLL and SOCAR. The cargo is scheduled for delivery in February 2024, further strengthening the energy partnership between Pakistan and Azerbaijan. In…

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