You are here

Month: March 2024

Pakistan loses $4bn annually due to climate change, says TIP report

Admin
Climate-Talks

Pakistan loses $4bn annually due to climate change, says TIP report ISLAMABAD: Pakistan annually loses $4 billion due to climate change-induced events, says a report released by Transparency International Pakistan (TIP). The TIP on Thursday released its report “Financing Climate Action: Enhancing Effectiveness and Transparency in Pakistan’s Climate Governance Frameworks”. According to a TIP press release, the report is an…

Read More

Eyebrows raised over massive tariff hike sought by gas firms

Admin
Gas-tariff

Officials termed the projections in the petitions as highly exaggerated that need to be rationalized ISLAMABAD: The new government functionaries have raised eyebrows over petitions of gas companies submitted to Ogra, seeking up to 380 percent hike in gas tariff for the next financial year 2024-25 applicable from July 1, 2024. Officials termed the projections in the petitions as highly…

Read More

Power, gas theft: FIA asked to launch ‘massive’ crackdown

Admin
gas-prices

ISLAMABAD: Interior Minister Mohsin Naqvi on Thursday directed the Federal Investigation Agency (FIA) to launch a massive crackdown across the country on electricity and gas thieves.The interior minister after presiding over a meeting tweeted that there will be no discrimination during the campaign. “All responsible will be put behind bars”, he said, adding that this proactive initiative aims to curb…

Read More

MYT components and other adjustments: Six Discos seek Rs5 raise in tariff

Admin
power-sector

ISLAMABAD: Six power Distribution Companies (Discos) have sought increase in tariff of about Rs5 to recover about Rs750 billion, from their consumers for the year 2024-25 under indexation of Multi-Year Tariff (MYT) components and other adjustments.According to the petitions, filed with the National Electric Power Regulatory Authority (NEPRA), Quetta Electric Supply Company (QESCO) has submitted revenue requirement of Rs236.945 billion,…

Read More

Economic indicators improve on $3b IMF SBA

Admin
IMF-board

Research house says indicators suggest that overheated economy has stabilised KARACHI:Pakistan’s economic indicators have significantly improved under the ongoing International Monetary Fund (IMF) Stand-By Arrangement (SBA) of $3 billion, suggesting that economic activities have stabilised and are ready to enter a growth phase ahead of the new loan package from the lender.In its latest monthly update released on Thursday, Topline…

Read More

Macroeconomic stability unachievable without another IMF programme: PM Shehbaz

Admin
IMF-board

Prime Minister Shehbaz Sharif on Thursday said that macroeconomic stability in the country needed to be advanced further, which he said would not be possible without another bailout programme with the International Monetary Fund (IMF).A day ago, while announ­c­ing the staff-level agreement (SLA) on the successful completion of an existing short-term facility, the IMF had confirmed that Pakistan was seeking a 24th medium-term bailout…

Read More

Solar panel prices fall in Pakistan; check latest updates

Admin
solar-power

LAHORE – The prices of solar panels have decreased considerably in Lahore just before the onset of summer season.As per the media reports, solar systems of 7 to 15 kilowatts capacity are now Rs100,000 to Rs200,000 cheaper. The price of a 7-kilowatts system has been reduced by Rs100,000 to Rs825,000. Similarly, the cost of a 10-kilowatt system has decreased to…

Read More

NEECA Introduces Energy Conservation Building Code (ECBC-2023)

Admin
power-sector

National Energy Efficiency and Conservation Authority (NEECA) Implements New Building Code for Energy Conservation NEECA, under the Ministry of Energy (MoE) – Power Division, has introduced the Energy Conservation Building Code, 2023 (ECBC-2023) to be enforced nationwide. This code, developed with technical support from international and national organizations, aligns with recommendations from the National Energy Efficiency and Conservation Policy-2023 and…

Read More