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Day: June 7, 2024

PM Highlights Huge Investment Potential in Alternative Energy Sector

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alternative-energy

Commits to Strengthening Pakistan’s Energy Infrastructure BEIJING: Prime Minister Shehbaz Sharif reaffirmed his government’s commitment to bolstering the alternative energy system in Pakistan, emphasizing the vast investment opportunities within the sector during a meeting with the Chairman of Power China on Wednesday. The prime minister detailed his administration’s extensive efforts to combat power theft nationwide. The Power China chairman praised…

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President Removes Hurdle to Sacking DISCOs’ Boards

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Asif-Zardari

Promulgates Ordinance Empowering Govt to Remove Independent Directors of SOEs ISLAMABAD: Hours before the parliamentary sessions began, President Asif Ali Zardari promulgated an ordinance to eliminate a legal barrier preventing the government from dismissing the boards of loss-making power distribution companies (DISCOs). The State-Owned Enterprises Governance and Operations Amendment Ordinance 2024, effective from June 5, 2024, grants the government temporary…

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PM Shehbaz Vows to Follow Chinese Development Model

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Pakistan-China

ISLAMABAD: Prime Minister Shehbaz Sharif lauded the Chinese development model on Thursday, asserting that Pakistan could become a great nation by emulating this model through diligent effort and a strong focus on industrial and agricultural growth. “All Pakistanis will also have to pass through this thorny process. There is no other way to earn respect in the world,” the prime…

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Nepra Notifies Rs3.33 Per Unit Hike for April

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NEPRA-KE

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday notified an additional fuel cost charge of Rs3.33 per unit for April, allowing ex-Wapda distribution companies (Discos) to collect an additional Rs29 billion in June. This notification comes as the government acknowledges a minor impact of solar net metering on electricity sales. Nepra stated that it had reviewed and assessed…

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