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Month: November 2024

IMF Seeks Progress on Pakistan’s Digital Revenue Overhaul, Eyes Power Sector Reforms

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pak-imf

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…

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Empowering Homes: The Growth of Low-Voltage Energy Storage and Solis’s S6-EH3P (8-15) K Inverter in Pakistan

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Solis-Project

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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Net Metering’s Unseen Consequences

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Solar-Panels

Seeking Equity in Renewable Energy Transition By Asim Javed  The National Electric Power Regulatory Authority (NEPRA) implemented Distributed Generation and Net Metering Regulations in September 2015, which enable consumers to connect photovoltaic systems to the grid. The objective of these regulations was to encourage the use of renewable solar energy and to allow consumers to lower their electricity bills by…

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NFEH, Energy Update’s joint visit to SECMC

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AEEA-NFEH

Empowering Thar: Sustainable Coal Mining and Community Welfare In a notable initiative underscoring the growing emphasis on sustainable development, a joint team from the National Forum for Environment and Health (NFEH) and Energy Update recently visited District Tharparkar in Sindh province.  Hosted by the Sindh Engro Coal Mining Company (SECMC), the visit centered around Pakistan’s largest open-pit coal mining site, located in…

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Oil prices steady ahead of OPEC report, China stimulus limit gains

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oil prices

Oil prices were little changed on Tuesday, awaiting further price direction from OPEC’s monthly report, while investor disappointment over China’s latest stimulus plan and oversupply concerns limited gains. Brent crude futures rose 38 cents, or 0.5%, to $72.21 a barrel, by 0944 GMT. U.S. West Texas Intermediate crude futures were up 36 cents, or 0.5% at $68.40 a barrel. “In…

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Bitcoin nears a record $90,000

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bitcoin

Global stocks came under pressure on Tuesday from investor concern about U.S. President-elect Donald Trump’s policies, while bitcoin neared a record $90,000 as traders piled into assets they believe could benefit from the new administration. Investors have been funneling cash into assets they think will get a boost from Trump’s second four-year term in office, in which he has vowed…

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Gold price per tola falls massive Rs7,000 in Pakistan

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gold

Gold prices in Pakistan saw a massive decrease on Tuesday in line with their drop in the international rates. In the local market, the price of gold per tola lost Rs7,000, clocking in at Rs270,500. Similarly, 10-gram gold was sold at Rs231,911 after it recorded a decrease of Rs6,000, according to rates shared by the All-Pakistan Gems and Jewelers Sarafa Association…

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Petroleum Division Misses SIFC Deadline to Address Refinery Challenges

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Petrol-Diesel

ISLAMABAD: The Petroleum Division failed to meet the November 10 deadline set by the Special Investment Facilitation Council (SIFC) to resolve critical issues faced by Pakistan’s oil refineries, a delay that may hinder progress on plant upgrade agreements outlined in the 2023 Brownfield Refinery Policy, sources revealed. In a November 3 SIFC working group meeting, oil refineries expressed concerns regarding…

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Power Division Seeks ECC Approval for Riali-II Hydropower Project Security Package

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Hydropower

ISLAMABAD: The Power Division is set to present a summary to the Economic Coordination Committee (ECC) for approval of the security package documents for the 7.08 MW Riali-II Hydropower Project under the Power Generation Policy, 2015. The Finance Division advised that the Power Division should ensure the documents align with the policy, without imposing additional obligations or guarantees. The 7.08…

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