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Day: October 3, 2024

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

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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,…

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

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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…

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Local Refineries Urge Resolution of Key Issues Before Committing to Upgrades

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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…

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

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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…

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Protected Electricity Consumers to Receive Subsidy via E-Vouchers

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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…

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Experts Urge Simplified Power Tariff Structure for Consumer Relief

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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…

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