Author: Admin

Special Economic zone will establish on remaining steel mills land , Steel Mill to be revitalized: CM

Admin
steel-mill

KARACHI (July 30): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Industries & Production Rana Tanveer, in their meeting at CM House, discussed the revival of the Pakistan Steel Mill plan and the establishment of a Special Economic Zone on the remaining land. The meeting was attended by Provincial Minister Industries Jam Ikarm Dharejo, Chief Secretary Asif Hyder Shah, PSCM Agha Wasif, Secretary Industries Yasin Shar, and the Federal Minister was assisted by Federal Secretary for Industries Saif Anjum and his team. The chief minister said that…

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The Future of Renewable Energy in Pakistan: Opportunities and Challenges

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renewable-energy

As the world grapples with climate change and environmental degradation, the shift towards renewable energy has become more critical than ever. Pakistan, with its abundant natural resources, is well-positioned to harness renewable energy to meet its growing energy demands. In this blog, we will explore the future of renewable energy in Pakistan, focusing on the opportunities and challenges that lie ahead. We will discuss the potential of solar energy, wind energy, and hydropower, and highlight the role of energyupdate.com.pk in keeping you informed about the latest developments in the energy…

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APTMA Demands Transparency in IPP Deals

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ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has formally requested detailed information on independent power producers (IPPs) from the government, invoking the Right of Access to Information Act to promote transparency in the power sector. APTMA’s request aims to foster transparency and accountability in public matters, using the information for research and analysis to better understand the governance and policy implementation in the power sector. Letters have been sent to key government officials, including the Secretary of the Power Division, the Chief Executive of the Central Power Purchase Agency…

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100% Tax Credit for Sindh Coal Miners Supplying Power Plants

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ISLAMABAD: The Federal Board of Revenue (FBR) has granted a 100 percent tax credit to coal mining projects in Sindh that exclusively supply coal to power generation projects within the province. This update is part of the amendments introduced in the Finance Act 2024, as detailed in the FBR’s income tax circular number 1 of 2024 issued on Monday. The amendment to Section 65F clarifies that this tax credit applies solely to income derived from coal mining operations in Sindh, intended exclusively for power generation projects. Other income sources are…

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NEPRA Endorses Formation of Independent System and Market Operator (ISMO)

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Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has endorsed the creation of an Independent System and Market Operator (ISMO) by merging the Central Power Purchasing Agency (CPPA-G) and the National Power Control Center (NPCC). This move is contingent on resolving certain issues to ensure smooth and independent operation, sources close to NEPRA’s Chairman informed Business Recorder. NEPRA’s support follows a July 5, 2024, letter from the Power Division regarding the operationalization of ISMO. The restructuring aligns with the National Electricity Policy, National Electricity Plan, and decisions by the Cabinet…

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