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NTDC Concedes Delays in Power Plan Implementation Amid Rising Costs

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Power project

ISLAMABAD — The National Transmission and Dispatch Company Limited (NTDC) acknowledged significant delays in executing the power distribution and transmission enhancement investment program, which is funded by multilateral and bilateral partners. Citing challenges in land acquisition and procurement, NTDC stated that these delays are escalating costs and leading to additional commitment charges. During a Senate Standing Committee on Economic Affairs…

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Delay in EV Charging Tariff Hits Investors and Consumers Alike

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electric-vehicles

ISLAMABAD — Government delays in finalizing a tariff for Electric Vehicle (EV) charging stations are hindering progress for both investors and consumers, according to sources. The National Electric Power Regulatory Authority (NEPRA) and the National Energy Efficiency and Conservation Authority (NEECA) have yet to agree on a tariff framework, leaving companies like Attock Petroleum Limited (APL) in limbo. APL has…

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ADB Meets Minister: Investment Sought to Ready Discos for Privatisation

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Asian-bank

ISLAMABAD — Minister for Power Sardar Awais Khan Leghari has called on development partners, including the Asian Development Bank (ADB), to invest in preparing Pakistan’s power Distribution Companies (Discos) for privatisation. The minister shared this proposal during a meeting with an ADB delegation led by Country Director Xiaoqin (Emma) Fan. Discussions centered on energy sector collaboration, with Leghari commending ADB’s…

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Global CO2 Emissions to Reach Record High in 2024, Escalating Climate Risks

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Global-CO2

BAKU, AZERBAIJAN — Global carbon dioxide emissions are projected to reach an unprecedented 41.6 billion metric tonnes in 2024, intensifying the risks posed by climate change, scientists warned at COP29. The Global Carbon Budget report, released at the UN climate summit, highlights a 1 billion tonne increase from last year’s emissions of 40.6 billion tonnes. Emissions from fossil fuels—coal, oil,…

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FPCCI Calls for Unrestricted Access to Winter Power Relief for SMEs

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Qurrat-Ul-Ain

KARACHI — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), through its Acting President Qurrat Ul Ain, has urged the government to extend its winter electricity relief package to small and medium enterprises (SMEs) without the 100,000-unit consumption condition from the prior year. Qurrat Ul Ain suggested that the Rs26/kWh rate apply to all incremental units consumed beyond…

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Petroleum Prices Set to Rise by Up to Rs5.90 Per Litre from November 16

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petrol-price

ISLAMABAD — The federal government is expected to increase petroleum product prices by up to Rs5.90 per litre for the upcoming fortnight, effective November 16. Sources indicate that the ex-depot price of petrol may rise by Rs2.58 per litre, from Rs248.38 to Rs250.96. High-speed diesel (HSD) could see a more substantial increase of Rs5.91 per litre, moving from Rs255.14 to…

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Major Development Banks Pledge $120 Billion for Climate Finance by 2030 at COP29

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cop-29-1

BAKU — The COP29 summit received a promising early boost as major development banks, including the World Bank, pledged to increase climate finance to $120 billion by 2030. This commitment represents a 60% rise from 2023 funding levels, aimed at supporting developing and middle-income countries grappling with the impacts of global warming. “This is a positive step,” noted Irish Climate…

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13th November, 2024

Admin

Karachi: Qurrat Ul Ain, Acting President, FPCCI, has demanded that – while the apex body appreciates the announcement of winter package – the relief in the electricity tariff announced under it should be made available to small & medium enterprises (SMEs) as well through withdrawing the condition of 100,000 units consumption in the corresponding period of last year; and, resultantly,…

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CM Sindh & , fed maritime minister vows to address , tackling sea pollution, revive Keti Bandar port project

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CM-Sindh

KARACHI (Nov 13): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Maritime Qaiser Shaikh, during their meeting, discussed addressing fishermen’s issues, tackling sea pollution and plans to develop Keti Bandar as a new port. The meeting was held at CM House and was attended by Secretary to CM Raheem Shaikh and Chairman Port Qasim Rear Admiral Nasir…

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OGDCL Commences Gas Production from Uch-35 Well in Balochistan

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New-OGDCL-2

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company, has launched natural gas production from the Uch-35 development well in Dera Bugti, Balochistan. The announcement, made to the Pakistan Stock Exchange (PSX) on Wednesday, marks a key step in the company’s strategic growth. OGDCL reported that the Uch-35 well was drilled to a depth…

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