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Month: March 2025

Danish Company to launch training program for Hundred Pakistani Engineers during the Pakistan Minerals Investment Forum next month

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Pakistan Minerals Investment

Islamabad, March 28,2025 Federal Minister for Petroleum, Ali Pervaiz Malik, held a meeting with His Excellency Jakob Linulf, the Ambassador of Denmark to Pakistan, today at the Petroleum Division. The discussions focused on enhancing bilateral cooperation in the energy sector, with special emphasis on mining sector and technological collaboration. The meeting highlighted the critical role of Danish expertise in Pakistan’s…

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“FPCCI Urges Govt to Take Business Community into Confidence in Policymaking”

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fpcci-afghanistan

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has emphasized the need for the government to take the business community into confidence while making economic policies. This move is aimed at promoting transparency and consultation in policymaking, ultimately benefiting the entire business, industry, and trade community of Pakistan ¹. FPCCI President has questioned the government’s seriousness in bringing…

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“Govt to Unveil National Minerals Harmonisation Framework on April 8”

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National-Minerals

The government of Pakistan is set to unveil the National Minerals Harmonisation Framework on April 8, aimed at streamlining the country’s mineral sector and promoting investment. The framework is designed to harmonize the legal, regulatory, and institutional frameworks governing the mineral sector, ensuring a more conducive environment for exploration, extraction, and trade of minerals. The unveiling of the framework is…

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“NEPRA to Hear KAPCO’s Tariff Revision Plea Next Month”

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NEPRA-Office

The National Electric Power Regulatory Authority (NEPRA) is set to hear the tariff revision plea of Kot Addu Power Company (KAPCO) next month. This development is significant, as it may impact the power tariff for consumers. KAPCO’s plea for tariff revision is likely to be scrutinized by NEPRA, which will consider various factors, including the company’s operational costs, efficiency, and…

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Govt Claims Rs35 Trillion Saved Through Revised Power Deals

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Sahiwal-Power

The government of Pakistan claims to have saved a significant amount of Rs35 trillion through revised power deals. This development comes as a result of the government’s efforts to renegotiate power purchase agreements with independent power producers (IPPs). The revised deals aim to reduce the financial burden on the country’s power sector, which has been struggling with circular debt and…

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Global Renewable Energy Installations Hit Record High in 2024, Led by China

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Wind-power

DUBAI: The world installed a record-breaking amount of renewable energy capacity in 2024, with China leading the charge, according to a report released by the International Renewable Energy Agency (IRENA) on Wednesday. Global renewable energy capacity—spanning solar, wind, hydroelectric, and geothermal sources—grew by 15.1%, reaching nearly 4.5 terawatts. A staggering 585 gigawatts of renewable power was added to grids worldwide,…

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NEPRA Seeks Power Generation Plan Amid Forecasted Hydel Reduction

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New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has directed the Power Division to submit a comprehensive power generation plan in light of a projected sharp decline in hydel power output, following warnings from the National Power Control Centre (NPCC) of an unfavorable summer ahead. The directive was issued during a public hearing on the Fuel Charges Adjustment (FCA) for…

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Revised IPP Contracts to Save Rs3.5 Trillion Over 3-20 Years: Power Division

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New-Project53

ISLAMABAD: The Power Division has projected savings of Rs 3.498 trillion from the renegotiation and termination of contracts with 29 Independent Power Producers (IPPs) and Government Power Plants (GPPs) over their remaining tenures, which range from 3 to 20 years. During a meeting of the Senate Standing Committee on Power, chaired by Senator Mohsin Aziz, officials disclosed that six IPP…

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Pakistan Faces Unprecedented Water Shortage as Kharif Season Begins

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Indus-River

ISLAMABAD: As the Kharif cropping season approaches, Pakistan is grappling with an unprecedented water crisis, with irrigation experts warning of severe consequences for agricultural output. Officials report that dam reservoirs are nearly empty, river flows have dropped significantly, and reduced snowfall in mountainous regions offers little hope for replenishment. Given these alarming conditions, the Indus River System Authority (IRSA) has…

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Pakistan, IMF Agree on Carbon Levy, Tariff Reductions in New $8.3bn Deal

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New-IMF

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have reached an agreement on a new 28-month Resilience and Sustainability Facility (RSF) worth $1.3 billion, bringing the total IMF support for the country to $8.3 billion under the Extended Fund Facility (EFF). The agreement, announced Wednesday, includes key economic reforms such as a new carbon levy, lower electricity tariffs, and reduced…

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