Author: Admin

ADB: Pakistan Suffers $2 Billion in Annual Losses from Climate Disasters

Admin
Asian-bank

ISLAMABAD: Pakistan incurs average annual losses exceeding $2 billion due to climate-related disasters, significantly impacting the country’s already high poverty levels, according to the Asian Development Bank’s (ADB) Annual Report 2024. Highlighting Pakistan as one of the region’s most climate-vulnerable nations, the Manila-based lender stated that women and other vulnerable groups bear the brunt of these disasters. To enhance resilience, the ADB approved a $500 million policy-based loan in 2024 to improve disaster preparedness, planning, and response in Pakistan. The initiative includes risk mapping, modelling, public-private financing mobilisation, and the…

Read More

Stakeholders push for swift implementation of competitive power market

Admin
power market

KARACHI: Leading stakeholders from Pakistan’s energy and policy landscape convened at a high-level multi-stakeholder dialogue hosted by Renewables First, Pakistan’s think tank for energy and environment, on Wednesday in Islamabad to assess the financial and technical readiness for operationalising a competitive electricity market. The event brought together senior government officials, legislators, regulators, development partners and power sector experts to chart a course for implementing the long-delayed competitive trading bilateral contracts market (CTBCM) reform. The CTBCM, already approved by the Economic Coordination Committee and the National Electric Power Regulatory Authority (Nepra),…

Read More

Energy minister fires seven NTDC officials over project delays

Admin

Energy Minister Awais Leghari, has ordered the immediate dismissal of seven senior officials from the National Transmission & Despatch Company (NTDC) over negligence and delays in critical infrastructure projects, the Power Division announced on Wednesday. Among those removed are Deputy Managing Director, two General Managers, Chief Financial Officer, and three chief engineers. The move follows a high-level performance review meeting, during which the minister expressed serious concern over inefficiencies and their mounting economic cost. “The NTDC board has been directed to show zero tolerance for delays,” Leghari said in the…

Read More

How India’s suspension of Indus Waters Treaty may cause power crisis in Pak

Admin

India’s suspension of the Indus Waters Treaty does not bode well for Pakistan’s energy sector, which is heavily supported by its various hydropower projects. India suspended the Indus Waters Treaty (IWT) of 1960 with Pakistan a day after at least 26 people were killed in the Pahalgam terror attack. The Ministry of External Affairs said on Wednesday that the Indus Waters Treaty of 1960 will be held in “abeyance” until Pakistan irreversibly ends its support for cross-border terrorism. The Indus Waters Treaty, mediated by the World Bank, split the Indus River…

Read More