Sharp rise in power rates to affect millions of consumers ISLAMABAD: The PML-N led federal government has finally notified a phenomenal increase in power tariff for all consumers including those served by the K-Electric—a hike that is going to affect millions of power users across the country.The Power Division on Sunday issued the notification for the increase in the basic…
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PM livid over negligence in construction of key hydel project
ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday formed a committee to reactivate the Neelum-Jhelum hydropower project, directing the relevant officials to complete investigation into its recent closure and identify those responsible for the defects in its design.While chairing a meeting at PM House during which a preliminary investigation report was presented, the prime minister expressed annoyance over the ‘criminal negligence’…
Read MoreFactors Affecting Solar Panel Prices: What You Need to Know
Introduction Solar energy is emerging as a key player in the global renewable energy landscape, offering a sustainable solution to the world’s increasing energy demands. In Pakistan, the adoption of solar panels has seen a significant rise due to the country’s abundant sunlight and the increasing need for alternative energy sources. However, the cost of solar panels can vary widely,…
Read MorePSO Board Approves Up to $3M for Market Study
ISLAMABAD: In a significant move, the Pakistan State Oil (PSO) board has approved up to $3 million for a market study to evaluate the feasibility of a $10 billion green refinery or crude-to-petrochemical complex project. Pakistani authorities have already announced a new green refinery policy, offering substantial incentives such as a 7.5% deemed duty for 25 years and a 20-year…
Read MoreChina Dominates Global Wind and Solar Plant Construction
BEIJING: Nearly two-thirds of the world’s large wind and solar plants under construction are in China, significantly reducing coal’s share in power generation, according to a report by US-based think tank Global Energy Monitor (GEM) released on Thursday. China is building 339 gigawatts (GW) of utility-scale wind and solar, accounting for 64% of the global total, dwarfing the second-place United…
Read MoreMinister Criticizes FBR Amid Soaring Electricity Prices
ISLAMABAD: In the face of rising electricity prices and criticism over governance issues in the power sector, Power Minister Awais Ahmad Khan Leghari directed blame towards the Federal Board of Revenue (FBR) during a Senate Standing Committee on Power session on Friday. Addressing the committee, chaired by PTI Senator Mohsin Aziz, Leghari highlighted the FBR’s failure, which he claims has…
Read MorePetrol, Diesel Prices Set to Surge Again
ISLAMABAD: Petrol and high-speed diesel (HSD) prices are projected to rise significantly in the upcoming review on July 16, mainly due to increasing global oil prices. Petrol is expected to increase by over Rs7.60 per litre, while HSD may see a hike of Rs3.50 per litre. Sources report that international market prices for petrol and HSD have risen by approximately…
Read MoreEconomy Boosted by $7 Billion IMF Deal
KARACHI: Pakistan has secured a three-year, $7 billion aid package from the International Monetary Fund (IMF), offering much-needed relief to the struggling economy. The Washington-based institution announced the agreement on Saturday morning, stating that the deal, pending approval by the IMF’s Executive Board, aims to enhance macroeconomic stability and foster stronger, more inclusive, and resilient growth. Pakistan’s economy has been…
Read MoreAbid Qaiyum Suleri Appointed as member of Int’l advisory CommitteeOf COP29
Executive Director, Sustainable Development Policy Institute (SDPI), Dr. Abid Qaiyum Suleri has been appointed as member of the prestigious COP29 Azerbaijan International Advisory Committee to assist the chair on the global environmental moot’s negotiation agenda.
Read MoreFBR to Clarify Reasons Behind ‘Two Further Taxes’ on Power Bills Today
ISLAMABAD: The Finance Ministry and the Federal Board of Revenue (FBR) will provide a detailed briefing to the National Assembly Standing Committee on Finance today, explaining the rationale behind imposing two further taxes on electricity bills. Presided over by Syed Naveed Qamar, the finance committee has requested the FBR to clarify the types of further taxes levied on electricity consumers.…
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