he President, Balochistan Economic Forum (BEF), Sardar Shoukat Popalzai has said that Chinese investment is a major milestone on improving socioeconomic development in the province of Balochistan. He expressed concern over recent statements from a National Assembly Member from the province of Balochistan, in which he has used very harsh words for Chinese companies making investments in the province including…
Read MoreAuthor: Admin
KE consumers: Rs8.37bn refund approved by Nepra
National Electric Power Regulatory Authority (Nepra) on Friday approved refund of Rs 8.37 billion at the rate Rs 4.8862/ kWh to the consumers of K-Electric and an increase of Rs.0.1918/ kWh in tariff of power Distribution Companies for August 2022 under monthly Fuel Charges Adjustment (FCA) mechanism. The regulator conducted public hearings on the FCA adjustment requests of KE and…
Read MoreWorld Bank chief asks govt to implement fiscal, energy reforms
The World Bank Group President David Malpass, has urged the government of Pakistan to focus on the implementation of Pakistan’s fiscal and energy reforms to stabilise the economy and lay the foundation for sustained growth. Malpass met with Muhammad Ishaq Dar, Minister of Finance and Revenue and Sardar Ayaz Sadiq, Minister of Economic Affairs of Pakistan. According to a statement…
Read MoreTariff for zero-rated sectors: Subsidy issue may affect IMF’s ninth review
The government’s decision to provide electricity to five export-oriented sectors at Rs 19.99/ kWh for the remaining three quarters of the current fiscal year (2022-23), may become a stumbling block in ninth review of International Monetary Fund (IMF). This was the crux of background interaction with some government officials who are extensively dealing with the issue of five zero rated…
Read MorePakistan not mentioned in US National Security Strategy 2022
Washington/Islamabad, Oct 14 (IANS) Pakistan and Saudi Arabia, once considered as key allies of Washington, are not even mentioned in the US National Security Strategy 2022, which identifies China as “Americas most consequential geopolitical challenge”. The 48-page document does mention terrorism and other geo-strategic threats in the South and Central Asian region, but unlike the recent past, it does not…
Read MoreFuture of CPEC projects
The high point of roll out-of mega projects under the CPEC (China Pakistan Economic Corridor) was in the last tenure of PML-N (Pakistan Muslim League-Nawaz) government from 2013-18. During this period a number of mega projects in the energy and infrastructure sector set their footprint in all parts of the country, notably, the thermal power projects in Punjab and hydro…
Read MoreIt has been observed with grieve concern that DISCOs Distribution Transformers burn out during summer du
It has been observed with grieve concern that DISCOs Distribution Transformers burn out during summer due to overload. As the weather goes hotter, the load is increased and resultantly the Distribution Transformers are burnt out worth of billions of rupees during each summer season.It is highly negligence because of non installation of system protection equipment along with the Transformers. The…
Read MoreExcept petrol, all petroleum products may witness hike
The coalition government is likely to jack up the per litre prices of all petroleum products except the petrol for the remaining fifteen days of October,2022 it was learnt on Thursday. According to sources in oil industry, the price of high-speed diesel (HSD) is expected to witness Rs 11.57/litre increase while Kerosene oil price is likely to be increased by…
Read MorePakistan to ask China to move towards ML-1 project bidding
Pakistan will ask China in the upcoming Joint Coordination Committee (JCC) meeting of CPEC to move towards the bidding process of the much-awaited ML-1 (Mainline-1) for the construction of a rail-line from Karachi to Peshawar. Pakistan will also inform the Chinese side about the devastating effects of severe floods causing $32 billion to $34 billion losses with the request to…
Read MoreResilience to climate change: Process to formulate National Adaptation Plan has begun, NA told
The National Assembly was informed on Thursday that a process has been started to prepare a National Adaptation Plan for building resilience to climate change. During a question hour’s session of the National Assembly, Minister for Climate Change Sherry Rehman told the House that the aim is to reduce vulnerabilities to climate impacts by creating comprehensive medium- and long-term plans…
Read More