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Month: February 2024

Cabinet Committee Seeks Legal Opinion on Transfer of OGDCL Shares Held by Privatisation Commission

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ogdcl

The Cabinet Committee on Privatisation (CCoP) has initiated steps to seek legal counsel regarding the proposed transfer of Oil & Gas Development Co. Ltd. (OGDCL) shares currently held by the Privatisation Commission (PC). This move comes as part of a broader strategy to determine the appropriate recipient for these shares, whether the Petroleum Division or the Sovereign Wealth Fund (SWF).…

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US Lawmakers Urge Caution in Recognizing Pakistan Election Results Amid Allegations of Irregularities

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General-Election

In a bipartisan call for vigilance, several United States lawmakers have advised the Biden administration to refrain from recognizing the recent election results in Pakistan until alleged irregularities are thoroughly investigated. This stance, echoed by members from both sides of the aisle, underscores concerns about potential interference and fraud in the electoral process. The US State Department’s spokesperson emphasized the…

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“SIFC Urges Accelerated Progress on Wind Energy Projects to Foster Renewable Growth”

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solar-panel

The Executive Committee of the Special Investment Facilitation Council (SIFC) has issued directives to the Private Power and Infrastructure Board (PPIB) to expedite the competitive bidding process for 300 MW of category-III wind projects within a week. This move comes as part of efforts to enhance Pakistan’s renewable energy sector and reduce dependency on imported fuels. While category-III solar projects…

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“Overhaul of Electricity Act Sought by Government to Modernize Power Sector”

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power-sector

The caretaker government in Pakistan has issued directives to the Power Division to amend the outdated National Electricity Act of 1910 in order to align with the evolving dynamics of the power sector. The aim is to facilitate the introduction of a competitive electricity market, primarily through the implementation of wheeling charges, to enable private consumers to directly access electricity…

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“Barclays Ceases Direct Financing for New Oil and Gas Projects Amid Climate Strategy Overhaul”

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Barclays-Ceases

In a significant move reflecting its commitment to addressing climate change, British bank Barclays announced on Friday that it would no longer provide direct financing for new oil and gas projects. However, despite this shift, the bank faced criticism from campaigners who argued that the measures did not go far enough. As part of its updated climate strategy, Barclays stated…

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“Global Concerns Mount Over Pakistan’s Election Integrity Amidst Allegations of Irregularities”

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Elections-2024

The international community has raised concerns over the integrity of Pakistan’s recent elections, with prominent figures and organizations expressing apprehensions about alleged irregularities and restrictions that marred the electoral process. UN Secretary-General Antonio Guterres expressed worry over the suspension of mobile communications services and instances of violence during the election day in Pakistan. While urging political leaders and society segments…

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“US State Department Expresses Concern Over Allegations of Election Interference in Pakistan”

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Department-Expresses

The US State Department has voiced its apprehension regarding allegations of interference in Pakistan’s electoral process. In a statement issued by spokesperson Matthew Miller, the US has aligned itself with international and local election observers, highlighting concerns about undue restrictions on freedoms of expression, association, and peaceful assembly during the recent elections. The statement unequivocally condemns electoral violence and the…

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Army Chief Calls for Unity and Stability in Pakistan’s Political Landscape”

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Army-Chief

In a significant address delivered today, the Army chief of Pakistan issued a compelling call for unity and stability in the nation’s political sphere. With a backdrop of ongoing challenges and divisions, the Army chief emphasized the urgent need for a unified government that represents the diverse polity and pluralism of Pakistan. Under the banner of the Inter-Services Public Relations…

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Simi Kamal appointed Chair of the board International Water management Institute

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Water-Management

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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