• PIDE survey reveals 83pc firms link inability to meet targets with lack of power• 78pc companies say electricity scarcity hinders operational efficiency ISLAMABAD: Despite surplus power generation capacity, most of the country’s engineering firms have held electricity scarcity and its poor supply responsible for their inability to meet production goals and achieve operational efficiency, thus losing competitiveness, whereas 95…
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WASHINGTON: Pakistan needs to undertake energy reforms and opt for renewable energy sources, said a senior US official, stressing that reforms suggested by the International Monetary Fund (IMF) would help Islamabad break the “vicious circle of debt and international financing”. Principal Deputy Assistant Secretary Elizabeth Horst, who heads the Bureau of South and Central Affairs at the State Department, emphasised…
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ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has constituted a seven-member special technical committee to take a global view to ascertain whether the government of Pakistan (GoP), as shareholder of its entities, will be better off in financial terms, if power purchaser of 300-MW coal project of M/s Siddiqsons Energy Limited (SEL) is changed from CPPA-G to KE, sources…
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ISLAMABAD: A day after jacking up the prices of petrol and diesel, the caretaker government on Friday increased the price of liquefied petroleum gas (LPG) by 19.4pc, pushing up the cost of a domestic cylinder by Rs460 for the current month. Pakistan Railways followed suit, raising passenger fares by 5pc. This was the second increase in a month. In a…
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LAHORE: The Pakistan Water and Power Development Authority (WAPDA) signed an agreement worth Rs776.3 million to a joint venture for consultancy services for Stage-II of Kurram Tangi Dam Project. The joint venture is comprised of four firms – one from Turkey and three from Pakistan – with DOLSAR as the lead firm. The contract comprises of consultancy services for detailed…
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KARACHI: Pakistan takes a monumental step towards combating climate change as the global Green Climate Fund (GCF), alongside three international and local partners, launches a transformative fund of $77.8 million. This strategic endeavour aims to mitigate the escalating threats of climate change in Pakistan, particularly focusing on reducing the risks of flooding and drought in the country. The initiative holds…
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Islamabad, September 3, 2023: Institute of Policy Studies (IPS) will be representing Pakistan in the annual meeting of the International Network of Energy Transition Think Tanks (INETTT) in Johannesburg, South Africa from September 3-9, 2023, hosted by Agora Energiewende – a project of Smart Energy for Europe Platform gGmbH from Berlin, Germany, in collaboration with Public Affairs Research Institute (PARI),…
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Islamabad. The Oil and Gas Regulatory Authority (OGRA) in accordance with the Policy Guidelines of the Federal Government has determined the maximum price of Liquified Petroleum Gas (LPG) effective from September 1st, 2023 as under:Notified LPG Producer prices Rs. / Ton Rs / 11.8 kg CylinderSeptember -2023 ( w.e.f 01-09-2023) 198,826.33 2,346.15August -2023 159,855.79 1,886.30Increase / (Decrease) 38,970.54 459.85 Notified…
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Karachi . Irfan Iqbal Sheikh, President FPCCI, has unequivocally stated that the government has no clue that what will be the socioeconomic repercussions of the third massive hike in petroleum prices as FPCCI can see the inflationary pressures to mount beyond the control of any sector or industry to absorb. Industrial shut downs; decline in exports; dwindling domestic demand; social…
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• Says judges, armed forces do not enjoy free electricity• Kakar promises relief in future bills• Says ECP enjoys authority to announce poll date, caretakers can only assist it• IMF urged to help Pakistan uphold right to electricity ISLAMABAD: As the nation grapples with bloated power bills and backbreaking inflation, interim Prime Minister Anwaarul Haq Kakar told people to pay…
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