Sindh Holds Workshop to Discuss 500 MW Floating Solar Power Project at Keenjhar Lake

Solar-group

KARACHI: The Sindh Energy Department, in collaboration with the United Nations Development Programme (UNDP) and the United Nations Department of Economic & Social Affairs (UN DESA), hosted a stakeholder engagement workshop on Thursday to deliberate on the 500 MW Floating Solar Power Project at Keenjhar Lake in Thatta district. Held at a hotel in Karachi, the workshop is part of…

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Arshad Nadeem Makes History with Olympic Gold, Sets New Record

Arshad-Nadeem

ISLAMABAD: Pakistan’s Arshad Nadeem has made history by winning the country’s first-ever Olympic gold medal in athletics, setting a new Olympic record in the javelin throw with a remarkable distance of 92.97 meters. This historic achievement marks Pakistan’s first Olympic gold since 1984 and its first medal in athletics, a monumental milestone for the nation. Nadeem’s victory came after he…

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HCSTSI Demands Transparency in Hesco’s Tax Collection and Utilisation

Power-sector

KARACHI: Muhammad Farooq Shaikhani, President of the Hyderabad Chamber of Small Traders and Small Industry (HCSTSI), has formally requested Hyderabad Electric Supply Company (Hesco) to provide detailed information on the collection and utilisation of various taxes, including extra charges and late surcharges on electricity bills. In a letter addressed to Hesco CEO Roshan Ali Otho, Shaikhani demanded comprehensive data on…

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Government Launches Probe into Rs135 Billion Fuel Scam; Committee Formed to Investigate Hazardous Fuel Import

Fuel-Import

ISLAMABAD: The government has initiated an investigation into a Rs135 billion scam involving the illegal import and sale of highly inflammable and hazardous fuel, disguised as an industrial chemical. A fact-finding committee, consisting of seven members and led by Additional Secretary Petroleum Hasan Mehmood Yousufzai, has been established to probe the scandal and provide recommendations within a week. The committee,…

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Nepra Increases Power Tariff by Rs2.56 per Unit Amid Rising Energy Costs

NEPRA-KE

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has announced a power tariff increase of Rs2.56 per unit, resulting in an additional burden of over Rs33 billion on consumers’ electricity bills in August. This hike, revealed as part of the June fuel cost adjustment (FCA), will be reflected in the August billing cycle. Lifeline consumers and K-Electric users will be…

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Mari Petroleum Achieves Record Profit of Rs77 Billion in FY24

mari-petrolium

KARACHI: Mari Petroleum Company Ltd (MPCL) has reported its highest-ever earnings, posting a record profit of Rs77 billion for FY24, marking a 38% increase from Rs56 billion in FY23. The company declared a final cash dividend along with an interim dividend of Rs232 per share for FY24, reflecting a payout ratio of 40%, up from 35% in the previous year.…

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World Bank Urges Balochistan to Tap Renewable Energy Potential for Economic Growth

world-bank

ISLAMABAD: The World Bank has recommended that Balochistan capitalize on its vast renewable energy resources to generate surplus electricity, which could be exported to other provinces or internationally, thereby reducing its reliance on power imports. This proposal is outlined in the World Bank’s recently released “Balochistan Renewable Energy Development Study.” The study highlights that Balochistan possesses significant untapped potential for…

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