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Month: January 2025

Sindh Energy Minister Pledges Support to Thar Coal Project-Affected Communities

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Thar-Coal

KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah, during a meeting with a delegation of Thar Coal project-affected individuals on Friday, assured them of the government’s unwavering support in addressing their grievances. The delegation, comprising Bhim Raj, Leelaram, and other community representatives, raised concerns about employment, access to clean water, and basic amenities. Minister Shah reaffirmed the Sindh government’s commitment…

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Ministry Flags Financial Mismanagement in Oil and Gas Sector, Highlights Circular Debt Crisis

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oil-and-gas

ISLAMABAD: The Ministry of Finance has raised concerns over the poor financial management in Pakistan’s oil and gas sector, attributing it to the rising circular debt and operational inefficiencies. In its report, the ministry identified key weaknesses in the business strategies of major state-owned enterprises (SOEs), including Pakistan State Oil (PSO), Pakistan Petroleum Limited (PPL), Oil and Gas Development Company…

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China Faces Rise in Flu-Like Illnesses with Human Metapneumovirus Prominence

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Flu-Like

BEIJING: Recent news reports and social media alerts have highlighted a potential outbreak of human metapneumovirus (HMPV) in China. However, Chinese officials have yet to confirm these claims. Instead, data from the Chinese Center for Disease Control and Prevention (CDC) up to the last week of 2024 indicates a surge in various flu-like illnesses across the country. The latest statistics…

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Govt Unveils 100 MW Solar Project and Development Initiatives for Gilgit-Baltistan

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soalr energy

ISLAMABAD: The government has announced plans to establish a 100 MW solar power project in Gilgit-Baltistan (GB) under the Public Sector Development Programme (PSDP), a move aimed at boosting sustainable energy and regional development. In a meeting chaired by the Minister for Kashmir Affairs and Gilgit-Baltistan, officials outlined a phased approach to implementing the project, pending a feasibility study conducted…

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Senator Seeks Accountability for Corruption in World Bank-Funded Grid Station Project

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Power genration

ISLAMABAD: Senator Saifullah Abro, Chairman of the Standing Committee on Economic Affairs, has urged Federal Minister for Power Sardar Awais Leghari to take action against National Transmission and Despatch Company (NTDC) officials over alleged financial irregularities in the World Bank-funded 765kV Grid Station project at Islamabad West (Lot-IV). In a letter to the minister, Senator Abro highlighted serious concerns over…

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Nepra Criticizes Power Policies for Inflating Consumer Costs

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KE’S- 7-YEAR- INVESTMENT-ROADMAP

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has sharply criticized government power generation policies, identifying overinvestment in peak demand capacity, delays in expanding Thar coal projects, and hindrances to rooftop solar adoption as primary drivers of escalating electricity costs and financial strain on the power sector. In a special report on generation sector challenges, Nepra highlighted the inefficiency of…

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Norway Leads the EV Revolution: 90% of New Cars Sold in 2024 Fully Electric

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electric-vehicles

OSLO: Nearly nine out of ten new cars sold in Norway in 2024 were fully electric, according to registration data released on Thursday. This achievement brings the country closer to its ambitious goal of exclusively selling electric cars by 2025. Fully electric vehicles (EVs) accounted for 88.9% of new car sales, up from 82.4% in 2023, as reported by the…

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Senate Proposes EV Charging Units at Fuel Stations to Promote Green Transport

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Pak-China

ISLAMABAD: The Senate Standing Committee on Industries and Production has recommended the installation of electric vehicle (EV) charging units at all fuel stations nationwide to encourage eco-friendly transportation. During the session, committee chairman Senator Aon Abbas raised concerns about the regulatory oversight of renewable energy and new energy technologies. He questioned the mechanisms governing solar panel prices and the factors…

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Petroleum Product Sales Rise 3% YoY in December 2024, Totaling 1.28 Million Tons

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Petrol-Diesel

KARACHI: Pakistan’s petroleum product sales increased by 3% year-on-year (YoY) to 1.28 million tons in December 2024, driven by reduced petroleum prices, macroeconomic stability, and a decline in smuggling, experts observed. Cumulatively, sales for the first half of FY25 reached 8.0 million tons, a 4% YoY increase compared to 7.7 million tons during the same period last year. Excluding Furnace…

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NEPRA Demands Recovery Plan from TESCO Amid Tax Relief Withdrawal and Metering Issues

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Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has sought a comprehensive recovery plan from the Tribal Areas Electricity Supply Company (TESCO) in anticipation of potential government withdrawal of tax exemptions for industrial consumers and the metering of domestic consumers. This inquiry arose during NEPRA’s review of TESCO’s five-year (2025-26 to 2029-30) Investment and Business Plan, which includes an approved…

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