ISLAMABAD – Dr. Musadik Malik has officially taken charge as the Federal Minister of Energy, marking the beginning of his tenure at the Ministry of Energy. Upon his arrival, he received a warm welcome from the Secretary of Petroleum and other officials of the ministry. Addressing the gathering, Dr. Malik expressed the government’s dedication to facilitating both local and foreign…
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Islamabad – The Planning Commission’s new initiative, centered around a long-term integrated energy demand and supply model based on a long-range energy alternatives planning (LEAP) framework, aims to address Pakistan’s persistent energy challenges. Muhammad Nauman Hafeez Khan, a research analyst on energy policy at the Ministry of Planning, Development, and Special Initiatives, highlighted the critical role of this initiative in…
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During a meeting at the Chief Minister’s House in Peshawar, KP Chief Minister Ali Amin Khan Gandapur emphasized the significant outstanding dues owed to Khyber Pakhtunkhwa (KP) by the federal government. Under the ‘AGN Qazi Formula’, the federal government owes KP a substantial amount of Rs 1,510 billion as net hydel profit (NHP). Additionally, arrears totaling Rs. 6 billion, pertaining…
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In a bid to alleviate financial burdens, the Sui Northern Gas Pipeline Company Limited (SNGPL) has recommended amendments to tax laws, aiming to revise sales tax, income tax, and minimum turnover tax, sources within the Petroleum Division informed Business Recorder. The proposed amendments address various tax issues previously highlighted by SNGPL, which were not addressed in the Finance Act 2023.…
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In a ceremony held at the Governor House, a 10-member Sindh Cabinet was inaugurated, presided over by Sindh Governor Kamran Tessori. Notable attendees included Sindh Chief Minister Syed Murad Ali Shah, elected lawmakers, diplomats, and members of various sectors. During the event, Sindh Chief Minister Murad Ali Shah, in consultation with party leadership, assigned portfolios to cabinet members. Of particular…
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Karachi (March 13, 2024): Malik Khuda Bakhsh, convener of the FPCCI Central Standing Committee on Energy 2024-2025, emphasized the crucial need for the new government, led by Mian Shahbaz Sharif, to promptly address energy sector challenges. Speaking at the second meeting of the FPCCI Energy Committee, Bakhsh highlighted the committee’s intent to formulate impactful proposals aimed at bolstering the energy…
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On March 12, 2024, a 13-member delegation from the Asian Development Bank (ADB), led by Country Director Mr. Yong Ye, convened with Chairman of WAPDA, Engr Lt Gen Sajjad Ghani (Retd), for discussions on water and hydropower projects. The ADB delegation, currently in Pakistan to conduct a Country Portfolio Review, engaged in a conclusive session with the Chairman concerning various…
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