Author: Admin

Stalemate Persists in Talks with 18 IPPs as Dispute Over Figures Impedes Progress

Admin
Power-IPP

ISLAMABAD: Despite the Task Force on Energy’s success in terminating or amending contracts with 13 Independent Power Producers (IPPs), negotiations with the remaining 18 IPPs from the 1994 and 2002 policies remain deadlocked, as both sides contest each other’s financial figures, sources revealed. The Task Force, chaired by Minister for Power Sardar Awais Khan Leghari and comprising key officials from NEPRA, CPPA-G, and PPIB, has been engaging with IPP representatives, yet disagreements over government-provided statistics have strained discussions. Some IPPs have objected to the shift from “take or pay” to…

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Traders Urge SSGC for Reliable Winter Gas Supply, Call for Official Distribution Points in Hyderabad

Admin
Gas-Project

KARACHI: The Hyderabad Chamber of Small Traders and Small Industry (HCST&SI) President, Muhammad Saleem Memon, has appealed to Sui Southern Gas Company (SSGC) to guarantee a reliable and safe gas supply during the winter months. In a letter addressed to the SSGC managing director, Memon highlighted the seasonal rise in gas demand, which often results in a surge of unlicensed and unsafe gas filling centers in residential areas. He warned that these unauthorized outlets pose serious safety risks and violate safety regulations. To address this, he proposed establishing official, registered…

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SIFC Sets November Deadlines to Address Refinery Challenges, Boost Compliance

Admin
Power project

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has set a November 10 deadline for the Petroleum Division to resolve critical issues facing Pakistan’s oil refineries, hindering agreements on plant upgrades under the Brownfield Refinery Policy 2023. According to sources, a recent meeting at the Prime Minister’s Office, led by a working group on downstream policy issues under SIFC, emphasized adherence to regulatory guidelines on fuel import and stock usage. SIFC directed the Oil and Gas Regulatory Authority (OGRA) to confirm compliance with standard operating procedures (SOPs) for import approvals and…

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Qatar, Azerbaijan Pledge $5bn Investment in Pakistan: PM Shehbaz

Admin
PM-Shehbaz

ISLAMABAD: Prime Minister Shehbaz Sharif announced on Monday that Qatar and Azerbaijan have committed $5 billion in investments across Pakistan’s various sectors, with Qatar alone pledging $3 billion. Speaking at a federal cabinet meeting, PM Shehbaz shared insights from recent productive discussions with Saudi and Qatari leaders, covering key areas like solar energy, mining, minerals, and information technology. A delegation from Qatar Investment Authority is expected to visit Pakistan soon, following Qatar’s plans to establish an IT park in the country. Additionally, Saudi Crown Prince Mohammed bin Salman has highlighted…

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Israel declares emergency for next 48 hrs amid rising tensions with Lebanon

Admin
israel

Israel has declared an emergency for the next 48 hours amid the country’s escalating tensions with Lebanon, according to The Times of Israel. Israel’s Defence Minister, Yoav Gallant, declared an emergency. This comes as a “special situation in the home front,” which enables the IDF Home Front Command to issue restrictions. In emergencies, the legal term “special situation” is used to give authorities more authority over the civilian population, simplifying attempts to protect them. It is valid for 48 hours, unless extended by cabinet ministers. As tensions continue to rise,…

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