Karachi: Qurrat Ul Ain, Acting President, FPCCI, has demanded that – while the apex body appreciates the announcement of winter package – the relief in the electricity tariff announced under it should be made available to small & medium enterprises (SMEs) as well through withdrawing the condition of 100,000 units consumption in the corresponding period of last year; and, resultantly,…
Read MoreDay: November 13, 2024
CM Sindh & , fed maritime minister vows to address , tackling sea pollution, revive Keti Bandar port project
KARACHI (Nov 13): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Maritime Qaiser Shaikh, during their meeting, discussed addressing fishermen’s issues, tackling sea pollution and plans to develop Keti Bandar as a new port. The meeting was held at CM House and was attended by Secretary to CM Raheem Shaikh and Chairman Port Qasim Rear Admiral Nasir…
Read MoreOGDCL Commences Gas Production from Uch-35 Well in Balochistan
ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company, has launched natural gas production from the Uch-35 development well in Dera Bugti, Balochistan. The announcement, made to the Pakistan Stock Exchange (PSX) on Wednesday, marks a key step in the company’s strategic growth. OGDCL reported that the Uch-35 well was drilled to a depth…
Read MorePower Division Fails to Meet PMO’s Key Energy Sector Tasks
ISLAMABAD: The Power Division has reportedly fallen behind on a majority of tasks assigned by the Prime Minister’s Office (PMO) through the Task Management System (TMS), including the critical establishment of a competitive electricity market. Of the 147 tasks assigned, only 53 have been completed, with 77 overdue and 17 still in progress, according to PMO sources. The review highlighted…
Read MoreDFIs Request NEPRA to Update Tariff Rates for IPPs Amid LIBOR Replacement
ISLAMABAD: Development Finance Institutions (DFIs) with financial stakes in Independent Power Producers (IPPs) have approached the National Electric Power Regulatory Authority (NEPRA) Chairman to revise tariff determinations, adjusting the benchmark interest rate from the London Interbank Offered Rate (LIBOR) to Term SOFR (Secured Overnight Financing Rate) plus Credit Adjustment Spread (CAS), sources in NEPRA report. DFIs, including the Asian Development…
Read MoreDenmark and SDPI Launch Second Phase to Boost Pakistan’s Carbon Market Potential
ISLAMABAD: The Sustainable Development Policy Institute (SDPI) and the Embassy of Denmark in Pakistan have commenced the second phase of their initiative, Unlocking the Potential of Carbon Markets in Pakistan, aimed at enhancing industry and SME access to carbon markets. At a reception attended by diplomats, policymakers, and industry leaders, Danish Ambassador Jakob Linulf highlighted the project’s achievements in bridging…
Read MoreDebt-Based Climate Financing Must End, PM Shehbaz Stresses at COP29
At the COP29 World Leaders Climate Action Summit in Baku, Azerbaijan, Prime Minister Shehbaz Sharif called for a global overhaul in climate financing, urging that debt-based funding should no longer be the norm. Addressing the Climate Finance Round Table Conference, organized by Pakistan, PM Shehbaz highlighted the need for innovative, debt-free financing solutions to support developing countries in combating climate…
Read MoreIMF Seeks Progress on Pakistan’s Digital Revenue Overhaul, Eyes Power Sector Reforms
Finance minister meets IMF mission chief for introductory talks Pakistan to redirect gas from captive power plants (CPPs) to national grid by January 2025Joint session with power and petroleum divisions to address energy sector challenges ISLAMABAD: The International Monetary Fund (IMF) has requested an in-depth, results-oriented update on Pakistan’s revenue system digitalisation efforts, focusing on AI-driven initiatives to expand the…
Read MoreEmpowering Homes: The Growth of Low-Voltage Energy Storage and Solis’s S6-EH3P (8-15) K Inverter in Pakistan
As the demand for affordable, scalable residential energy storage grows across Asia, Africa, and the Middle East, low-voltage systems are emerging as a leading choice for households in Pakistan. Known for their cost-efficiency, safety, and adaptability, these systems help homeowners manage and store energy effectively, fostering energy independence in residential spaces. This article explores the shift toward low-voltage systems in…
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