You are here

Month: October 2024

Pakistan’s Federal and Provincial Officials Trained on Integrating Carbon Markets into Government Projects

Admin
New-Project

To strengthen Pakistan’s efforts in meeting its Nationally Determined Contributions (NDCs) under the Paris Agreement, federal and provincial planning and development officials participated in a two-day training workshop aimed at integrating carbon markets into government project approval processes. Organized by the Supporting Preparedness for Article 6 Cooperation (SPAR6C) programme, the workshop was held from September 30 to October 1, 2024,…

Read More

Energy Planning Critical for Driving Just Transition Investments in Global South: IRENA Reports

Admin
renewable-energy

Abu Dhabi, UAE/Foz do Iguaçu, Brazil – October 3, 2024:The International Renewable Energy Agency (IRENA) has highlighted the crucial role of energy planning in unlocking investment opportunities in emerging markets and developing economies (EMDEs). In new reports commissioned by Brazil’s G20 presidency, IRENA calls for de-risking strategies and leveraging public finance to drive a just and inclusive energy transition in…

Read More

Local Refineries Urge Resolution of Key Issues Before Committing to Upgrades

Admin
refinery

KARACHI: Pakistan’s five local refineries have linked the signing of Upgrade and Escrow Agreements with the Oil & Gas Regulatory Authority (Ogra) to the resolution of critical issues facing the sector. With the October 22 deadline approaching, the refineries have expressed concerns that unresolved matters are jeopardizing their operations and upgrade plans. In a letter to Ogra, the refineries highlighted…

Read More

IMF Mission Director: If Pakistan Implements Reforms, This Could Be Its Last IMF Programme

Admin
pak-imf

KARACHI: Nathan Porter, Director of the International Monetary Fund (IMF) mission for Pakistan, has indicated that the ongoing IMF programme could be Pakistan’s last, provided the country implements the recommended economic reforms in full. In an interview with Voice of America, Porter emphasized that genuine commitment to these reforms could lead to lasting economic stability. Following the IMF’s approval of…

Read More

Protected Electricity Consumers to Receive Subsidy via E-Vouchers

Admin
power-tariff

ISLAMABAD: The Ministry of Poverty Alleviation and Social Safety (MPA&SS) has announced plans to provide direct subsidies to protected domestic electricity consumers through E-vouchers. According to sources, the Benazir Income Support Fund (BISP) will collaborate with the Power Division to implement the scheme. In a meeting, several key decisions were made: BISP will share PMT-based (Proxy Means Test) data with…

Read More

Experts Urge Simplified Power Tariff Structure for Consumer Relief

Admin
power-subsidy

Webinar Highlights Need for Clearer Policies and Public Awareness ISLAMABAD: Experts at a webinar organized by the Sustainable Development Policy Institute (SDPI) on Tuesday emphasized the urgent need to simplify Pakistan’s electric power and tariff structures to ease the burden on consumers. The session highlighted that the National Electric Power Regulatory Authority (NEPRA) and the Ministry of Energy set electricity…

Read More

Gas suspension to CPPs under IMF’s agreement to trigger widespread closure of industries, warns Bilwani

Admin
Gas-tariff

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani, while expressing sheer dismay over the government’s decision to suspend gas supply to Captive Power Plants (CPPs) by 2025, warned that this decision taken under IMF’s agreement would lead to widespread closure of medium and large-scale industries as significant investments made in these plants would go down the…

Read More

PPIB Approves Three-Year Extension for Kohala Hydropower Project’s Financial Close

Admin
Kohala-Hydropower

ISLAMABAD: The Board of the Private Power and Infrastructure Board (PPIB) has granted a three-year extension to the financial closing deadline for the 1,124 MW Kohala Hydropower Project, a key China-Pakistan Economic Corridor (CPEC) initiative. The extension, which spans from October 1, 2024, to September 30, 2027, comes without an extension fee, recognizing the project’s strategic importance and significant foreign…

Read More

Denmark to Support Pakistan’s Green Energy Transition: Envoy Discusses Tech Transfer and Sustainability

Admin
climate

ISLAMABAD: Denmark’s Ambassador Jakob Linulf met with Coordinator to the Prime Minister on Climate Change, Romina Khurshid Alam, on Tuesday to discuss support for Pakistan’s transition to green energy, climate resilience, and environmental sustainability. Ambassador Linulf emphasized Denmark’s expertise in renewable energy, offering knowledge-sharing and technology transfer to assist Pakistan’s sustainability goals. He also highlighted ongoing and future collaborations to…

Read More

Massive Fire Engulfs Solar Panel and Cosmetics Warehouses in Karachi

Admin
solar-panel

KARACHI: A massive fire broke out in two warehouses storing solar panels and cosmetics in Karachi’s Hawkesbay area on Tuesday. Officials reported that the blaze at the solar panel warehouse was controlled after 12 hours, but efforts continued late into the night to extinguish the fire at the cosmetics warehouse. DIG-South Syed Asad Raza stated that the cause of the…

Read More