Curtain rises on five-year plan for economic revival

Musadik-Malik

Ms Khawaja, who attended the meeting, said the committee, after getting the required information from the ministries and divisions, would prepare a consolidated document carrying five-year targets for all sectors. She said several meetings would be held soon on the five-year roadmap.Earlier, speaking at the meeting, the prime minister said consultation should be held on the plan with all stakeholders…

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FRENCH DEPUTY HEAD OF MISSION EXPRESSES INTEREST IN ENERGY SECTOR INVESTMENT IN PAKISTAN

ENERGY-SECTOR

In a recent meeting, the French Deputy Head of Mission (Guillaume Dabouis) called on the newly appointed Minister of Energy, Dr. Musadiq Masood Malik, to discuss potential avenues of collaboration in Pakistan’s energy sector. During the meeting, French officials expressed France’s keen interest in investing in various aspects of Pakistan’s energy landscape, ranging from LNG cargo provision to energy resource…

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GoodWe Officially Announces Inauguration of First Overseas Manufacturing Base, a Globalization Milestone

New-Goodwe2

GoodWe, a leading player in the solar energy industry, has announced the official commencement of operations at its first overseas manufacturing plant in Haiphong, Vietnam. Representing a significant milestone in the company’s global expansion strategy, this new facility also marks the third in GoodWe’s manufacturing network, reinforcing its dedication to efficiently delivering tailored, high-quality products to its customers worldwide. The…

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Power Division Asserts Full Compliance with IMF Agreements

Power-generation

The Power Division has affirmed its complete adherence to all agreements made with the International Monetary Fund (IMF), stating that it has submitted reports detailing actions taken up to January 2024. An official clarified that the IMF Mission will review these reports and pose queries based on their analysis, which will be addressed during discussions. Moving forward, input from ministries…

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Rising Energy Costs Compound Economic Burden on Consumers

power-sector

The cost of living has surged notably, driven by increasing utility bills and transportation expenses, exacerbating economic challenges for consumers. A mixed trend in food prices during the last Ramazan has contributed to this heightened financial strain. Data from the Sensitive Price Index (SPI) reveals significant changes in food prices. For instance, the average national price of a 20kg flour…

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Government Likely to Maintain Stable Petroleum Prices for Next Fortnight

Petroleum-prices

According to informed sources, petroleum prices are expected to remain steady for the upcoming two weeks starting March 16. Despite a slight increase in the premium on petrol import to $12.15 per barrel, and unchanged premium on high-speed diesel (HSD) import at $6.50 per barrel, the government has room to manage prices. While petrol prices may see a marginal increase…

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Naeem Qureshi appointed as Convener of FPCCI Central Standing Committee on SDGs

EU-NQ.

Karachi: Naeem Qureshi, the President of the National Forum for Environment and Health, has been appointed as the new Convener of the CSR Central Standing Committee of the Federation of Pakistan Chambers of Commerce & Industry on Sustainable Development Goals (SDGs) for the year 2024-25.FPCCI President, Atif Ikram Sheikh, appointed Qureshi as the Central Standing Committee convener keeping in view…

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Sindh’s solar power potential to be tapped to fulfil Bilawal poll campaign promise of 300 units of free electricity

solar-power

Newly appointed Sindh Energy Minister, Syed Nasir Hussain Shah, has said the execution of the ongoing solar power projects will be expedited for fully tapping the clean energy potential of Sindh to fulfil the election campaign promise of PPP Chairman Bilawal Bhutto Zardari to provide 300 units of free electricity to underprivileged consumers.Shah stated this while chairing an introductory meeting…

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Dr. Musadik Malik Assumes Office as Federal Minister of Energy

Musadik-Malik

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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Planning Commission’s LEAP Model Targets Pakistan’s Energy Challenges

renewal-energy

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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