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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ISLAMABAD: A probe has been initiated into allegations of corruption surrounding a coal procurement contract at the Sahiwal Power Plant, a critical project under the China-Pakistan Economic Corridor (CPEC). Former Energy Minister Muhammad Ali raised concerns about the procurement process, prompting the inquiry. Ali’s inquiry, initiated just before he left office as caretaker minister, was prompted by stakeholders’ worries over…
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Red Solar, a leading provider of smart PV solutions, made waves at the recent PV EXPO in Tokyo, Japan, showcasing its cutting-edge products aimed at revolutionizing the PV industry. Among its standout offerings were flexible photovoltaic modules, heralded for their versatility and reliability. These flexible modules offer a range of advantages, including enhanced adaptability to various surfaces and environments, making…
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In a bid to accelerate solar panel production in Pakistan, the Ministry of Commerce (MoC) has proposed a joint venture (JV) between Chinese firm Sinotec Solar (Pvt) Ltd and local company Ghani Glass. This initiative was put forth during a recent inter-ministerial meeting chaired by Rashid Mahmood Langrial, the Additional Secretary Incharge of the Ministry of Industries and Production. Langrial,…
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March 11, 2024: The Water and Power Development Authority (WAPDA) has unveiled the Hydel Museum at the Tarbela 4th Extension Hydel Power Station, showcasing vintage electro-mechanical equipment from various hydropower plants. This initiative aims to preserve and showcase the rich heritage of WAPDA’s hydel power stations. The museum features equipment and parts from hydropower plants such as Jabban, Warsak, Tarbela,…
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ISLAMABAD: The Saudi Ministry of Energy has reportedly questioned the necessity of a new agreement for the development of renewable energy projects in light of an existing Memorandum of Understanding (MoU) with Pakistan. According to informed sources within the Ministry of Foreign Affairs (MoFA) speaking to Business Recorder, the Saudi authorities have raised doubts over the need for a new…
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