Experts urge govt to formulate comprehensive policy for EVs KARACHI: Electric bike assemblers and dealers in Pakistan are striving to make electric two-wheelers more appealing than the decades-old 70cc petrol versions, with an ultimate goal of replacing combustion engines in a few years. However, questions about the viability of these electric bikes persist due to the lack of proper infrastructure…
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Negotiations at advanced stage, financing may be released by next month ISLAMABAD: Pakistan has sought $600 million in fresh loans from two Chinese banks to bridge a big financing gap and also bets on successful completion of International Monetary Fund (IMF) talks for improvement in its credit rating to borrow from non-Chinese foreign banks. Sources told The Express Tribune that…
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ISLAMABAD: The government has decided to allow electricity distribution companies (Discos) to confiscate electric appliances and equipment besides imposing heavy penalties like ‘detection bills’ equivalent to five years of power consumption against consumers and premises found in electricity theft to make up for the energy losses. The government has sent its decision to the National Electric Power Regulatory Authority (Nepra) for amendments…
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ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar on Tuesday hoped to conclude a deal for selling a stake to Saudi Arabia in the Reko Diq, one of the world’s biggest gold and copper mining projects, by December. “We are quite excited at the Saudi offer, and we would be very much encouraging their participation, not just in this project but otherwise…
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ISLAMABAD, Nov 7 (APP): Caretaker Minister for Energy, Power and Petroleum, Muhammad Ali on Tuesday said that to ease the lives of people and businesses, the government was making all-out efforts to provide energy to the people and industries through imported LNG, especially during winters.He was addressing the 29th edition of the Annual Technical Conference (ATC) jointly organized by the…
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ISLAMABAD: The federal government has directed Petroleum Division to prepare a policy paper for amendments to OGRA Ordinance 2002 empowering the Regulator to set and notify gas prices in future, sources close to Secretary Petroleum told Business Recorder. The decision was taken at the meeting of the Economic Coordination Committee (ECC) on October 23, 2023 which was ratified by the Federal…
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ISLAMABAD: The Power Division has reportedly been directed to move a summary to scrap the decision of elected government regarding provincialisation of power Distribution Companies (Discos), fearing that provincial governments might not be able to run Discos due to their limited expertise, well-informed sources told Business Recorder. Former Prime Minister Shehbaz Sharif had directed the concerned Ministries/Divisions to prepare a mechanism…
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Emphasise need to reduce cost of electricity production, revise tariff structure LAHORE: A discussion convened by the Lahore Economic Journalists Association (LEJA) titled ‘Increase in power tariffs – impact on consumers’ affordability, DISCOs recoveries, and circular debt’ brought together experts who emphasised the urgent need to reduce the cost of electricity production, revise the tariff structure, and enhance the efficiency…
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Aims to diversify Karachi’s energy mix, drive down costs and reduce environmental impact ISLAMABAD: K-Electric (KE), the primary electricity provider for Karachi, is advancing a strategic renewable energy plan that could reshape the city’s power landscape. The company has taken significant steps towards adding 640MW of renewable capacity to the local grid. KE’s revised Requests for Proposals (RFPs) submitted include…
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LAHORE: Speakers at a consultative session were unanimous that controlling theft, appointing professionals in Discos, increasing power generation from indigenous and renewable resources, and separating financial recoveries like taxes and fee from electricity bills are crucial to reduce the rising power tariffs for consumers. They were also of the view that there is a need to reduce the cost of…
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