Ambassador of the United Stated of America H.E. Donald Blome called on the newly appointed Federal Minister for Petroleum, Dr Musadik Malik. H.E the ambassador extended his congratulations to Dr. Musadik Malik on assuming the office and expressed high hopes for the transformation of the energy sector. Federal Minister appreciated H.E. Ambassador Blome for always extending his support and reaffirmed…
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Water scarcity is a deeply gendered issue that disproportionately burdens women, particularly in regions like Pakistan. Over a year ago, Pakistan made global headlines as catastrophic flooding tore through the country, resulting in displacing over 33 million people and unimaginable damage. After flooding destroyed villages and critical infrastructure, millions now face either unsafe drinking water or live in severely water-scarce…
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Pakistan loses $4bn annually due to climate change, says TIP report ISLAMABAD: Pakistan annually loses $4 billion due to climate change-induced events, says a report released by Transparency International Pakistan (TIP). The TIP on Thursday released its report “Financing Climate Action: Enhancing Effectiveness and Transparency in Pakistan’s Climate Governance Frameworks”. According to a TIP press release, the report is an…
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Officials termed the projections in the petitions as highly exaggerated that need to be rationalized ISLAMABAD: The new government functionaries have raised eyebrows over petitions of gas companies submitted to Ogra, seeking up to 380 percent hike in gas tariff for the next financial year 2024-25 applicable from July 1, 2024. Officials termed the projections in the petitions as highly…
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ISLAMABAD: Interior Minister Mohsin Naqvi on Thursday directed the Federal Investigation Agency (FIA) to launch a massive crackdown across the country on electricity and gas thieves.The interior minister after presiding over a meeting tweeted that there will be no discrimination during the campaign. “All responsible will be put behind bars”, he said, adding that this proactive initiative aims to curb…
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ISLAMABAD: Six power Distribution Companies (Discos) have sought increase in tariff of about Rs5 to recover about Rs750 billion, from their consumers for the year 2024-25 under indexation of Multi-Year Tariff (MYT) components and other adjustments.According to the petitions, filed with the National Electric Power Regulatory Authority (NEPRA), Quetta Electric Supply Company (QESCO) has submitted revenue requirement of Rs236.945 billion,…
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Research house says indicators suggest that overheated economy has stabilised KARACHI:Pakistan’s economic indicators have significantly improved under the ongoing International Monetary Fund (IMF) Stand-By Arrangement (SBA) of $3 billion, suggesting that economic activities have stabilised and are ready to enter a growth phase ahead of the new loan package from the lender.In its latest monthly update released on Thursday, Topline…
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Prime Minister Shehbaz Sharif on Thursday said that macroeconomic stability in the country needed to be advanced further, which he said would not be possible without another bailout programme with the International Monetary Fund (IMF).A day ago, while announcing the staff-level agreement (SLA) on the successful completion of an existing short-term facility, the IMF had confirmed that Pakistan was seeking a 24th medium-term bailout…
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LAHORE – The prices of solar panels have decreased considerably in Lahore just before the onset of summer season.As per the media reports, solar systems of 7 to 15 kilowatts capacity are now Rs100,000 to Rs200,000 cheaper. The price of a 7-kilowatts system has been reduced by Rs100,000 to Rs825,000. Similarly, the cost of a 10-kilowatt system has decreased to…
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Gul Ahmed Textile Mills Limited (GATM), a leading textile mill in Pakistan, has announced plans to install a 17.1 MW rooftop solar plant. The Board of Directors (BoD) of GATM approved the signing of a term sheet with K Solar (Private) Limited, a prominent power utility company in Pakistan, for the 17.1 MW project on a Build, Own, Operate, and…
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