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Day: January 27, 2025

HBL Champions Sustainability and Social Impact with 2023 Report

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New-HBL

HBL (Habib Bank Limited) reaffirms its dedication to sustainability and positive social change through its 2023 Impact Report, which reflects the bank’s commitment to addressing climate change, promoting financial inclusion, and combating poverty. Embracing the values of the Aga Khan Development Network (AKDN), HBL believes that true impact extends far beyond charitable contributions. With ambitious goals, HBL is targeting Net…

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Chinese Official Criticizes Pakistan Over “False Rhetoric” and Security Challenges in CPEC Projects

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CPEC-Projects

ISLAMABAD: Wang Shengjie, China’s political secretary to Pakistan, has expressed grave concerns about the future of the $62 billion China-Pakistan Economic Corridor (CPEC), citing Pakistan’s “false rhetoric” and inadequate security measures. In an interview with The Guardian, Wang highlighted growing tensions over unmet expectations and security risks jeopardizing China’s flagship Belt and Road Initiative project. “Without improved security, who would…

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Pakistan Urges Global Support for Clean Energy Transition at UN Event

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New-Project27

ISLAMABAD: Pakistan has called for enhanced global policies and concessional financing to help developing countries, struggling with limited fiscal space, transition to clean energy. This appeal was made during an event co-hosted by Islamabad to mark the ‘International Day of Clean Energy’ at the United Nations (UN) headquarters in New York, as reported by state media on Sunday. Observed annually…

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China’s Solar Sector Update: NEA Finalizes Distributed Solar Rules, Longi Secures Major Deal

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Solar-Modules

BEIJING: The National Energy Administration (NEA) has issued the final Administrative Measures for the Development and Construction of Distributed Solar Power Generation, replacing the interim regulations from 2013. These comprehensive rules outline standards for all stages of distributed solar projects, including definitions, oversight, project filing, construction management, grid integration, and operations. Effective May 1, 2025, the new framework will apply…

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Solar Citizen Hosts Event to Promote Sustainability and Renewable Energy

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Solar-Panel

KARACHI: Solar Citizen, a prominent solar solutions provider, organized the Solar Circle event at Bagh Ibne Qasim, Clifton, uniting community leaders, environmentalists, and families in a mission to advance renewable energy and sustainability. As part of their ambitious ‘A Tree for Every Kilowatt’ initiative, Solar Citizen aims to plant one tree for every kilowatt of solar energy installed across Pakistan,…

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Ogra Hikes Gas Tariff for Captive Power Plants, Textile Industry Expresses Alarm

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Gas-Tariffs

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a hike in gas tariffs for Captive Power Plants (CPPs), raising the price from Rs 3,000 to Rs 3,500 per MMBtu, effective February 1, 2025. A notification clarified that the increase does not apply to commercial tandoors, domestic consumers, CNG stations, fertilizers, or the power and cement sectors. The decision…

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Shehbaz Orders Rs 7/unit Electricity Tariff Cut to Boost Economy

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power-unit

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Power Division to reduce electricity tariffs by Rs 7 per unit across all consumer categories, including the industrial sector, following consultations with the International Monetary Fund (IMF). An IMF delegation is expected to visit Islamabad next month to finalize discussions. The directive emerged as the Prime Minister expanded the “Tariff Reduction Committee,”…

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World Bank Team Arrives to Advance Power System Stability Plan

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world-bank

ISLAMABAD: A World Bank Support Mission is visiting Pakistan from January 27–28, 2025, to finalize a work plan and outline next steps for the preparation of the Reactive Compensation Devices (STATCOMs) project. This initiative is vital for ensuring system stability and the reliability of north-south bidirectional power flows in the short to medium term, according to sources in the National…

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