Federal Minister for Petroleum Ali Pervaiz Malik was called on by H.E Nassar Abdulrahman J Almutairi, the Ambassador of the State of Kuwait to Pakistan at the Ministry of Petroleum in Islamabad. Ali Pervaiz Malik expressed gratitude for support of brotherly countries like Kuwait which has been pivotal for the structural reforms that Prime Minister Shehbaz Sharif has been successful…
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Prime Minister Shehbaz Sharif has announced that Rs 300 billion in oil savings will be allocated to Balochistan. This significant development aims to boost the province’s economic growth and development. Key Points: Possible Areas of Focus: This allocation demonstrates the government’s commitment to Balochistan’s development and its efforts to ensure equitable distribution of resources across provinces. Story by Zulfiqar Ahmed
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The industry has expressed strong support for the early approval of solar projects, emphasizing the need to expedite the process to boost the renewable energy sector. This move is seen as crucial for Pakistan’s transition towards sustainable energy solutions and reducing dependence on fossil fuels. Key Points: Benefits of Early Approval: Challenges and Opportunities: By expediting the approval process for…
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In a significant move aimed at alleviating the financial burden on households and industries, power consumers are expected to receive a substantial relief of Rs 515 billion in terms of electricity tariff reduction. According to sources, this decision is part of the government’s efforts to address the concerns of power consumers and provide relief to those affected by high electricity…
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The Water and Power Development Authority (WAPDA) has provided justification for the cost escalation of the Dasu Hydropower Project. Although the exact details of the justification are not available, such projects often face cost increases due to various factors, including: WAPDA’s justification likely addresses these factors and provides a detailed explanation for the cost increase. The Dasu Hydropower Project is…
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Pakistan has the potential to emerge as one of the top five economies in Asia, according to Prof Dr Ahsan Iqbal, Minister for Planning, Development and Special Initiatives. While the exact details of the article are not accessible, a similar statement by the minister suggests Pakistan aims to become one of the top 10-15 largest economies globally by 2047. This…
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