Saudi Aramco is investing, alongside the country’s sovereign wealth fund and Riyadh-based ACWA Power, in the oil exporter’s largest solar project with a capacity of 1.5 GW as the world’s biggest energy company makes a push into renewables. The Saudi Aramco Power Co., a unit of the parent company, has joined ACWA Power and the Water & Electricity Holding Co.,…
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Successful completion of the China-Pakistan Economic Corridor (CPEC) projects will bring development and prosperity for Balochistan and the whole nation. Senate Chairman Sadiq Sanjrani expressed these views while addressing a 100-member delegation of students from seven districts of Balochistan here at Parliament House on Sunday. He said that Balochistan is on the path of development and prosperity. “Development of Gwadar…
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The spokesman added that his country constantly affirms that a political solution is “indispensable” to resolving the situation and that Pakistan will continue to play its constructive role in promoting this goal, explaining that Pakistan continues to “closely follow the rapid developments of the situation.” current in Afghanistan. The Taliban announced the end of the war in Afghanistan after seizing…
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The government’s indecisiveness on the multi-million dollar Advanced Metering Infrastructure (AMI) project has put the investment from Korea Telecom Limited and Kaifa Consortium in jeopardy as top mandarins at the Power Division (PD) and Planning Commission (PC) have so far failed to take a decision about the fate of the project. “The project that was meant to reduce electricity theft…
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The colour green, denoting cleanliness and freshness, has been reduced to a buzzword across the country, for projects aiming to counter the challenges of pollution, global warming and climate change registered to affect the atmosphere, public health, livelihood and ultimately the economy. However, the question of sustainability is frequently ignored in such projects. The scenario in the metropolis is no…
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As another major supply disruption of liquefied natural gas (LNG) looms large, the government is looking for legally safe and commercially viable alternatives to allow continuation of ‘larger replacement regasification terminal’ currently operating in Port Qasim as a fait accompli to avoid major power shortfalls and have greater gas availability during winters. Engro Elengy Terminal Limited (EETL) has told the…
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The government on Sunday kept unchanged the prices of two major petroleum products — petrol and high speed diesel — and slightly increased those of kerosene and light diesel oil for the next 16 days i.e. till Aug 31. According to a notification issued by finance ministry, the ex-depot price of petrol was kept unchanged at Rs119.80 per litre and…
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Pakistan turned 74 last week. It has travelled a long distance since then, but, with 8.5 million people currently unemployed and around 40 per cent surviving below the poverty line, its economic performance has been far from being enviable. Pakistan ranked a low 129th amongst 193 UN member states in the 2021 Sustainable Development Report, slipping 14 steps in five…
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The Naya Nazimabad community hosts Independence Day celebrations with national zeal and zest by arranging a mega event in collaboration with Pakistan Rangers and National Forum for Environment & Health (NFEH) here at Naya Nazimabad Cricket Stadium. Independence Day celebrations were followed by Flag hoisting, tree plantation, national anthem and cake cutting ceremony while the Naya Nazimabad residents and people…
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The government has decided to start negotiations for importing 70 to 100 megawatt Iranian electricity to power up Gwadar Port, officials said on Thursday. A decision to this effect was taken during a session of Cabinet Committee on China Pakistan Economic Corridor (CCoCPEC), which met under the chairmanship of Federal Minister for Planning, Development, and Special Initiatives Asad Umar. Different…
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