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IMF and Pakistan Reach Staff-Level Agreement on Final Bailout Review

March 20, 2024March 20, 2024 Admin

The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan regarding the final review of a $3 billion bailout. This agreement paves the way for Pakistan to receive $1.1 billion upon approval from the Fund’s Executive Board. The agreement, recognizing Pakistan’s strong program implementation and ongoing reform efforts, aims to transition the country towards a sustainable economic recovery.…

COP28 Goal of Tripling Renewables Feasible Only with Urgent Global Course Correction

March 20, 2024March 20, 2024 Admin

Despite a record renewable growth in 2023, the energy transition remains off track due to persistent structural barriers and a notable shortfall in investment. Abu Dhabi, United Arab Emirates/Berlin, Germany, – Achieving the global target set at COP28 to triple renewable power capacity by 2030 relies heavily on establishing conducive conditions for such growth. Tripling renewable power capacity by 2030…

Red Solar Empowers Africa’s Solar Market with Cutting-Edge PV Solutions

March 20, 2024March 20, 2024 Admin

Africa’s abundant sunlight presents a golden opportunity for solar expansion. In a bid to revolutionize Africa’s solar energy landscape, Red Solar has unveiled its innovative photovoltaic (PV) modules and technology solutions at The Solar Show Africa 2024. Held from March 18th to 20th at the Gallagher Convention Centre in Johannesburg, South Africa, this event marks a significant milestone in Red…

WhatsApp to Introduce Voice Message Transcription for Android

March 20, 2024March 20, 2024 Admin

WhatsApp is gearing up to introduce a voice message transcription feature for Android users, mirroring the convenience enjoyed by iOS users for nearly a year. According to reports, WhatsApp is actively developing this functionality for its Android platform, aiming to provide users with a time-saving feature. The presence of code in WhatsApp Beta for Android (version 2.24.7.7) suggests that this…

Awais directs PPMC to prepare proposals for technological interventions in power sector

March 20, 2024March 20, 2024 Admin

ISLAMABAD, Mar 19 (APP):Federal Minister for Power, Sardar Awais Ahmad Khan Leghari, directed the Power Planning and Monitoring Company (PPMC) on Tuesday to prepare proposals for technological interventions in the power sector.“This step aims to improve the efficiency of the power sector by utilizing modern technology and to provide maximum benefit to consumers,” the minister said while chairing a meeting,…

Only 10 countries had healthy air quality in 2023, report finds

March 20, 2024March 20, 2024 Admin

GOLDACH, Switzerland – The average person can go up to two months without food, three days without water, but only a few minutes without air. Breathable air is essential to life. Yet a new analysis found that in 2023, only 10 countries and 9 per cent of global cities had air quality that met World Health Organisation (WHO) guidelines for harmful fine-particle,…

500,000 households in Sindh don’t have electricity: Provincial Energy Minister

March 20, 2024March 20, 2024 Admin

Newly appointed Sindh Energy Minister, Syed Nasir Hussain Shah has said that some 500,000 households in Sindh don’t have electricity as they would be energised using the option of solar power.Talking to media persons on Monday, the new Sindh Energy Minister said that solar parks would be built in different cities to provide free-of-charge electricity to the underprivileged power consumers…

CDWP approves Rs4.54b energy sector project for Gwadar

March 19, 2024March 19, 2024 Admin

ISLAMABAD – To address the electricity demands of Gwadar, the Central Development Working Party (CDWP) approved a crucial “revised” energy project. This project focuses on enhancing the transmission line infrastructure for the coastal city, marking a significant step forward in meeting Gwadar’s energy needs. The CDWP meeting, led by Deputy Chairman of the Planning Commission, Mohammad Jehanzeb Khan,…

PARCO Board Approval Key to Finalize Refinery Upgrade Accord

March 19, 2024March 19, 2024 Admin

The Oil & Gas Regulatory Authority (Ogra) is accelerating the finalization of upgrade agreements with refineries under the Brownfield Refinery Policy, following Prime Minister Shehbaz Sharif’s directive for a signing ceremony. Four refineries are close to completing their agreements, while Pak Arab Refinery Limited (PARCO) awaits board approval before proceeding with the draft submission and final signing. This update was…

SNGPL Seeks Significant Gas Price Hike, Faces Regulatory Scrutiny

March 19, 2024March 19, 2024 Admin

Sui Northern Gas Pipelines Limited (SNGPL) has submitted a request to the Oil and Gas Regulatory Authority (Ogra) for a substantial increase in gas prices, as reported by Geo News on Monday. The company has proposed a 147% hike in gas prices, aiming to increase the average gas price to Rs4,446.89 per metric million British thermal unit (mmbtu), with an…