The 7th Edition of the LEADERS IN ISLAMABAD BUSINESS SUMMIT (LIIBS) 2024 continued its momentum in Islamabad, showcasing a dynamic blend of collaboration and innovation. Co-hosted by Nutshell Group and Unity Foods Limited, in partnership with OICCI and Faysal Bank Limited, the summit underscored the theme of ‘Collaborating for Growth.’ Air Chief Marshal Sohail Aman (Rtd) emphasized the pivotal role…
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Karachi, April 24, 2024: The National Electric Power Regulatory Authority (NEPRA) has given decision on the utility’s Transmission & Distribution Investment Plan till FY 2030 which will catalyze the company’s efforts to reduce losses in transmission and distribution, drive growth in its customer base, and bolster the power utility’s infrastructure to meet current demands and future needs.
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Prime Minister Shehbaz Sharif, after listening to the grievances highlighted by the Karachi Chamber, immediately directed all the relevant Federal Ministers and Secretaries to hold meeting with KCCI so that the issues being faced by business community could be extensively discussed to agree upon solutions whereas he himself would personally review the outcome of discussions and, accordingly, announce relief on 1st May.
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During the meeting, the Prime Minister instructed Planning Minister Ahsan Iqbal, Finance Minister Mohammad Aurangzeb, and the Secretary of Communication to hold meetings with the Sindh Chief Minister or his team to resolve all the pending issues as a matter of priority. He further stated that he was here [in the Sindh CM House] to resolve all the lingering issues, so that developmental projects could move forward, and financial issues could be resolved. To show his commitment, he announced that the provincial government would receive 150 buses to add to its fleet.
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Lahore: Punjab Chief Minister Maryam Nawaz Sharif has announced a groundbreaking initiative to provide 1-kilowatt (1KV) solar systems to 50,000 households across Punjab. This move comes as an alternative to expensive electricity, aiming to alleviate the burden on the common man. The program, titled “Light without Electricity Bill: Chief Minister’s Roshan Punjab Program,” aims to empower low-income families by offering…
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Pakistan Petroleum Limited (PPL) has announced a noteworthy increase in its production output, contributing an additional 17 million standard cubic feet per day (MMscfd) of gas and 530 barrels per day (bpd) of oil/condensate to its portfolio. In a statement released on Tuesday, PPL highlighted that this achievement reflects the company’s steadfast dedication to enhancing the nation’s energy security. By…
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Top refiners in Pakistan have raised concerns over the country’s plans to deregulate fuel prices, warning that this move could jeopardize planned upgrades worth up to $6 billion and even lead to the closure of some refineries. The refiners, including state-run Pakistan Refinery and private domestic refiners Pak Arab Refinery, Attock Refinery, Cinergyco, and National Refinery, expressed their apprehensions in…
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Pakistan has formally requested $3.5 billion in financing from the Kingdom of Saudi Arabia (KSA) for the Diamer-Bhasha Dam project during a recent high-powered delegation visit from KSA on April 15-16. A senior government official mentioned that KSA would respond after input from the financial adviser on the dam project. Both KSA and Wapda, Pakistan’s water and power development authority,…
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Iranian President Dr Seyyed Ebrahim Raisi expressed readiness to enhance energy cooperation with Pakistan during his visit to the country. Commending Pakistan’s stance on the Gaza situation, President Raisi highlighted the enduring bond between the two nations. Speaking at the mausoleum of Allama Dr Muhammad Iqbal, President Raisi emphasized the role of poetry in strengthening bilateral relations. He praised Allama…
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At the 7th Leaders in Islamabad Summit, industry leaders and experts discussed the future of Pakistan’s power sector, emphasizing the need for new roadmaps and privatisation to address challenges and drive progress. KE CEO Moonis Abdullah Alvi highlighted privatisation as crucial for tackling circular debt and advocated for clear long-term strategies to expedite sectoral growth. Federal Minister of Energy Awais…
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