Karachi, February 9, 2024 Simi Kamal, one of Pakistan’s leading geographers, has recently been appointed as Chair of the Board of International Water Management Institute (IWMI). With 40 years of experience in water, environment, food security, and related sectors, Ms Kamal is also well-known globally and nationally in social development and women empowerment circles.Headquartered in Sri Lanka, IWMI is a…
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Province has solar energy potential of 2,900 gigawatts ISLAMABAD: Balochistan Caretaker Chief Minister Mir Ali Mardan Khan Domki has inaugurated an extensive solarisation project to shift various public department buildings including educational institutions, healthcare facilities and civic departments onto renewable energy that will provide clean, affordable and uninterrupted power supply to public facilities in the province. The Balochistan government, with…
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Move aims to streamline trade processes, involves amendments to Customs Rules, 2001 ISLAMABAD: The federal government has announced plans to permit the import, local sale, and re-export of petroleum products facilitated by foreign suppliers. This decision, aimed at streamlining trade processes, involves amendments to the Customs Rules, 2001, introducing the Customs Bonded Facilitation Rules, 2024. The Federal Board of Revenue…
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ISLAMABAD: Amid ongoing engagement with the International Monetary Fund (IMF) for further electricity tariff reforms involving increases for residential and reductions for industrial consumers, the country’s power sector regulator, Nepra, has warned the government that its compulsions to pass on full costs coupled with historically highest inflationary spree in the country was diminishing the purchasing capacity of the consumers. Last…
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WASHINGTON: The US State Department on Thursday expressed concern over election-related violence and restrictions on internet and cellular access in Pakistan on the polling day. At a daily news briefing, Vedant Patel, the principal deputy spokesperson, also underscored the importance of a transparent and unrestricted electoral process. When asked if the United States would accept the results of a tainted…
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FRANKFURT/COPENHAGEN, Feb 7 (Reuters) – The world’s three biggest wind power groups – Siemens Energy (ENR1n.DE), opens new tab, Orsted and Vestas (VWS.CO), opens new tab – on Wednesday gave a sober view of the year ahead for an industry buffeted by project delays, equipment problems and inflation. Siemens Energy, the world’s largest maker of offshore wind turbines, expects a 2024 loss before…
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ISLAMABAD: True to general perception, the country’s power generation plants and transmission systems in the public and private sectors are below par in terms of their respective performance standards affecting the quality of service despite higher consumer tariffs, according to National Electric Power Regulatory Authority (Nepra). According to the regulator’s Performance Evaluation Reports (PERs) of power plants for 2022-23, the…
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ISLAMABAD: Saudi company ACWA Power is reportedly ready to offer low tariff for solar project of 600 MWp subject to minimum project risk in Pakistan as it has installed solar projects at Cents 2 per unit in UAE and Oman, well informed sources told Business Recorder. The ACWA Power has been interested to invest in the renewable energy sector in Pakistan…
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CCoP increases Privatisation Commission budget by Rs2.2b or 175% ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) on Wednesday approved handing over the management control of the two loss-making power distribution companies to the private sector aimed at stemming their losses and improving efficiency. Headed by Privatisation Minister Fawad Hasan Fawad, the CCoP also approved revising the budget of the Privatisation…
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Ministry of Water Resources once again addresses crisis caused by Neelum-Jhelum project ISLAMABAD: The Ministry of Water Resources (MoWR) has once again addressed the issue of water shortage caused in the Azad Jammu and Kashmir’s (AJK) capital after the completion of the 969 MW Neelum Jhelum Hydropower Project (NJHPP) in a recent meeting of the Cabinet Committee on Energy. The…
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