[ ISLAMABAD : May 06,2024 ] Press Release Federal Minister for Petroleum Dr Musadik Malik and Federal Minister for Power Awais Leghari held a meeting with Mr Martin Raiser, South Asia Regional Vice president of World Bank. Both sides exchanged their ideas regarding reforms agenda and discussed in detail the support World Bank is providing to Pakistan in form of…
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ISLAMABAD: Gas companies in Pakistan are facing mounting concerns over the management of natural gas flows, particularly a significant reduction of 350 million cubic feet per day (mmcfd) from local fields since the second week of March. This reduction, aimed at managing gas pressure in the pipeline distribution system, has sparked worries among exploration and production (E&P) companies about potential…
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KARACHI: Minister for Energy, Planning, and Development Syed Nasir Shah unveiled insights from South African experts regarding the versatile potential of Thar Coal Block-II during a recent meeting. Experts highlighted the coal’s suitability for gasification, fertilizer production, and generating gas and diesel. However, their primary recommendation emphasized using the coal for power generation through gasification. Shah announced plans to send…
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KUNRI: Residents of Khalid Colony are living in constant fear due to the hazardous state of Hyderabad Electric Supply Company (HESCO) installations in their densely populated area, posing a severe threat to lives and property. The perilous condition of electricity transformers placed dangerously close to residential buildings, coupled with dangling electric meters and exposed high-voltage lines, including an 11,000-volt mainline,…
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The ongoing debate over solar power pricing in Pakistan underscores a delicate balance between advancing renewable energy goals and ensuring economic feasibility. Net metering, a billing method enabling consumers to utilize self-generated power, particularly from solar panels, has gained prominence. Pakistan, with a solar power potential of 40GW and a target to source 20% of its electricity from renewables by…
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A significant Saudi delegation, led by Deputy Investment Minister Ibrahim Almubarak, has landed in Islamabad for a three-day visit focused on exploring investment opportunities. Pakistan is keen on attracting foreign investments, particularly from Saudi companies, to bolster its exports and economic growth. The delegation received a warm welcome from Commerce Minister Jam Kamal and Petroleum Minister Musadik Malik upon arrival…
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Power Cement Limited (PSX: POWER) has signed a term sheet with Burj Solar (Private) Limited (Burj Solar) for the development and financing of a 9.6 MW wind power project at the Company’s premises, the cement producer told the main bourse on Friday. “This project is an effort to reduce our reliance on fossil fuels and promote sustainable development,” the stock…
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RheEnergise, a UK-based energy startup developing new high-density hydro storage technology, is setting up a 500 kilowatt (kW) demonstrator at a mining site near Plymouth. The first-of-its-kind facility aims to help decarbonize the site’s energy consumption and is supported by the government’s Longer Duration Energy Storage (LODES) Demonstration Programme. Water-based energy storage isn’t a radically new concept. Additional power generated…
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President Asif Ali Zardari has formally approved the appointment of new governors for three vital provinces of Pakistan, namely Punjab, Khyber Pakhtunkhwa (KP), and Balochistan. Faisal Karim Kundi, a prominent figure in the PPP, has been designated as the governor of Khyber Pakhtunkhwa, while Salim Haider Khan, also from the PPP, has been chosen as the governor of Punjab. Additionally,…
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The federal government has taken a significant step in combating cybercrime by establishing the National Cyber Crime Investigation Agency (NCCIA). NCCIA heralds a focused effort to address cybercrimes proliferating on the internet and social media platforms, according to media reports. According to the ordinance, all employees currently serving in the FIA Cyber Wing will be seconded to the newly formed…
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