Author: Admin

PM Shehbaz to Unveil Economic Liberalisation Plan on August 14

Admin
Shahbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif is set to reveal a new economic plan on August 14, aiming to drive real-time export-led growth and dismantle longstanding economic barriers. The plan, developed by a task force in collaboration with Oxford University’s Professor Stefan Dercon, focuses on economic liberalisation and reducing government intervention in subsidies. Key elements of the “Home-grown Economic Plan” include phasing out tariff protections and subsidies, encouraging local producers to compete globally, and prioritising export expansion over import restrictions. The plan seeks to overcome structural challenges and shift Pakistan’s economy…

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Government Considers Price Equalisation Levy to Sustain Gas Sector

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oil price

ISLAMABAD: The government is contemplating the introduction of a price equalisation levy on wellhead gas as part of a broader initiative to reform the petroleum sector. The proposed surcharge aims to cross-subsidise protected residential consumers and key industrial sectors, potentially relieving a burden of Rs10-15 billion annually from the federal budget, which is currently allocated to subsidies within the gas sector. This measure is part of the Integrated Energy Plan spearheaded by the Prime Minister’s Office, in collaboration with international lending agencies, to transform the country’s inefficient gas companies into…

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Chinese Firm to Establish Solar Panel Manufacturing Plant in PunjabProducts to Supply Punjab Markets and for Export

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Chinese-Firm

LAHORE: A major development in Punjab’s renewable energy sector took place as a Chinese company signed an agreement with the provincial government to establish a solar panel manufacturing and assembly plant in the region. The agreement was signed by Provincial Minister of Industries and Commerce, Chaudhry Shafay Hussain, and Alex Hang, President of the South Pacific Region of AIKO, a leading Chinese solar energy firm. The new facility will be the first of its kind in Punjab, aimed at supplying solar panels to local markets and for export. Minister Chaudhry…

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Historic Milestone: All-Female Team Installs Solar Roof in Pakistan

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female-solar

Karachi, Pakistan – In a groundbreaking achievement, LADIESFUND Energy has empowered female engineers in Pakistan by completing the country’s first solar roof installation by an all-female team. This pioneering project marks a significant milestone in promoting gender equality and sustainable energy solutions. The team of 28 female engineers, trained and certified by NED University, installed a 24 KW solar system with 6 lithium batteries on the rooftop of Hooseini Yateem Khana, an orphanage in Karachi. This achievement is not only a national first but also believed to be the world’s…

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PM Shahbaz, CM Murad discuss K-IV, KCR, solar projects at CM House

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CM-house

KARACHI (Aug 9): Prime Minister of Pakistan Mohammad Shahbaz Sharif and Sindh Chief Minister Syed Murad Ali Shah, in their one-on-one meeting at CM House, discussed different projects the federal government has initiated in the province and decided to speed up their timely completion.The CM thanked the prime minister for his visit and get the progress and issues of the federal-funded development projects.Mr Shah told the PM that the provincial government with the assistance of donor agencies have started work on BRT Redline and Yellow Line projects. “The work on…

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