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Day: January 29, 2025

Sindh govt to fully assist launching of EVs, charging facilities under PPP mode to cut transport sector’s fuel expense: Nasir Hussain Shah

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Sindh Energy

Sindh Energy and Planning and Development Minister, Syed Nasir Hussain Shah, has said the provincial government will extend maximum assistance to the private sector willing to invest in the country to introduce electric vehicles and EV charging stations to curtail the fossil fuel consumption in the transport sector. The Sindh Energy Minister stated this on Wednesday while talking to the…

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KE organises awareness march, facilitation camp

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K-Electric

KARACHI: K-Electric hosted an awareness march as part of its Hum Qadam facilitation camp in Liaquatabad FC Area to address customer needs, including new connections, bill payments, meter installations, and other related issues. The facilitation camp aims to provide residents with convenient solutions to their electricity-related concerns while enhancing interaction between power utility and customers. KE organises over 40 ‘Customer…

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Oil prices dip as US crude inventories surge, tariff concerns loom

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Oil prices

Oil prices fell on Wednesday, following a rise in U.S. crude stockpiles and easing worries over Libyan supply, while focus turned to potential U.S. tariffs on Canadian and Mexican imports. Brent crude futures were down 59 cents, or 0.76%, to $77.90 a barrel as of 0916 GMT, while U.S. crude futures had lost 55 cents, or 0.75%, at $73.22. The…

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Nestlé Pakistan wins top Climate Champion Award at the 1st OICCI Climate Excellence Awards

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Nestle

KARACHI: Nestlé Pakistan’s efforts towards climate action, sustainability, renewable energy and regenerative agriculture were recognized at the 1st OICCI Climate Excellence Awards, as it won the top Climate Champion Award, held during the two-day 3rd Pakistan Climate Conference 2025. Chief guest at the conference Chief Minister Sindh Syed Murad Ali Shah, emphasized the importance of climate change and urged organizations…

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SIFC Proposal on Saudi Investment: High-Level Meeting on KE Issues Today

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K-Electric1

ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb has convened an inter-ministerial meeting on Wednesday (Jan 29) to discuss key issues related to K-Electric (KE), following a proposal by the Special Investment Facilitation Council (SIFC), which is addressing Saudi investment-related concerns. Key Issues on the Agenda:Generation tariff approval.Transmission, distribution, and supply tariff under review.KE’s Rs 68 billion write-off claims pending NEPRA verification.Shareholding…

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Nepra and GIZ Sign MoU to Strengthen Pakistan’s Power Sector

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New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have signed a Memorandum of Understanding (MoU) to advance Pakistan’s energy sector with a focus on regulatory improvements and renewable energy integration. The agreement was signed by Nepra Registrar Waseem Anwar Bhinder and GIZ Cluster Coordinator for Energy and Climate, Wolfgang Hesse. Under the MoU,…

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4th AlBaraka Forum Regional Conference Showcases Sukuk’s Role in Global Sustainable Finance

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Al-Baraka

KARACHI – The 4th AlBaraka Forum Regional Conference, held at Marriott Hotel, Karachi, successfully explored the transformative role of Sukuk in driving sustainable economic growth. Organized by the AlBaraka Forum for Islamic Economy in collaboration with the Islamic Chamber of Commerce and Development (ICCD) and with Al Baraka Bank Pakistan as the platinum partner, the event centered around the theme…

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Easypaisa Bank Becomes Pakistan’s First Licensed Digital Retail Bank

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New-Easypaisa

KARACHI: The State Bank of Pakistan (SBP) has granted the country’s first digital retail bank licence to Easypaisa Bank, formerly Telenor Microfinance Bank Ltd, allowing it to commence commercial operations. At a ceremony held at the SBP, Governor Jameel Ahmad awarded the licence, highlighting the bank’s potential to drive financial innovation, expand financial inclusion, and provide affordable digital banking services.…

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Illegal LPG Transfer Triggers Deadly Explosion in Multan

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New-LPG1

MULTAN: A tragic LPG fire and explosion near the Industrial Estate in Multan has claimed multiple lives and caused extensive property damage. The incident was triggered by the illegal transfer of LPG from a bowser to cylinders at an unauthorized facility, where CO₂ was also being mixed with LPG. According to preliminary findings, prolonged LPG leakage led to the accumulation…

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