Power Cement Limited (PSX: POWER) has signed a term sheet with Burj Solar (Private) Limited (Burj Solar) for the development and financing of a 9.6 MW wind power project at the Company’s premises, the cement producer told the main bourse on Friday. “This project is an effort to reduce our reliance on fossil fuels and promote sustainable development,” the stock…
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RheEnergise, a UK-based energy startup developing new high-density hydro storage technology, is setting up a 500 kilowatt (kW) demonstrator at a mining site near Plymouth. The first-of-its-kind facility aims to help decarbonize the site’s energy consumption and is supported by the government’s Longer Duration Energy Storage (LODES) Demonstration Programme. Water-based energy storage isn’t a radically new concept. Additional power generated…
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President Asif Ali Zardari has formally approved the appointment of new governors for three vital provinces of Pakistan, namely Punjab, Khyber Pakhtunkhwa (KP), and Balochistan. Faisal Karim Kundi, a prominent figure in the PPP, has been designated as the governor of Khyber Pakhtunkhwa, while Salim Haider Khan, also from the PPP, has been chosen as the governor of Punjab. Additionally,…
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The federal government has taken a significant step in combating cybercrime by establishing the National Cyber Crime Investigation Agency (NCCIA). NCCIA heralds a focused effort to address cybercrimes proliferating on the internet and social media platforms, according to media reports. According to the ordinance, all employees currently serving in the FIA Cyber Wing will be seconded to the newly formed…
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Dubai Department of Economy and Tourism (DET) will showcase the emirate’s innovative and diverse destination offering by bringing together 129 key partners and stakeholders to demonstrate the city’s collaborative spirit at the 31st edition of the Arabian Travel Market (ATM), taking place from 6-9 May 2024 at the Dubai World Trade Centre. With this year’s ATM taking place under the…
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Abu Dhabi: The UAE today announced the launch of the Zero Government Bureaucracy (ZGB) programme, an ambitious initiative aimed at overhauling the current government work structure to enhance efficiency and service quality. The programme was unveiled on the second and final day of the annual meetings of the UAE government, signalling a transformative approach to government processes. -ADVERTISEMENT- javascript:false Ads…
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KARACHI (May 4): Sindh Chief Minister Syed Murad Ali Shah while launching Automated Fare Card for Peoples’ Bus Service vowed to provide a modern, efficient, safe, and smooth public transport system in the form of People’s Bus Servicec to the people of the province.“This Automated Fare Card has amazing features such as it is a contactless payment, reloadable balance, compatibility…
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In a significant development, the Thar Coal & Energy Board (TCEB) has given its unanimous approval to the Commercial Operations Date (COD) Stage tariff for Thar Coal Block-II mine. The board, chaired by Sindh Chief Minister Syed Murad Ali Shah and attended by Federal Energy Minister Sardar Awais Leghari, also finalized financing terms for the project. During the meeting, the…
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The Khyber Pakhtunkhwa (KP) government is pressing the federal government/Wapda to settle its outstanding Net Hydel Profit (NHP) dues totaling Rs70 billion. KP Chief Minister Ali Amin Ghandapur recently met with Prime Minister Shehbaz Sharif to address financial challenges faced by the province due to delayed payments from the federal government. According to KP’s Finance Department, the non-payment of NHP…
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The National Electric Power Regulatory Authority (Nepra) has accepted K-Electric’s petition for a base electricity tariff hike of up to Rs3.84 per unit, spanning from July 1, 2023, to June 30, 2030. This increase is tied to an investment plan worth Rs392 billion recently approved by Nepra. The proposed tariff adjustments include factors such as inflation, exchange rates, and operational…
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