Minister for Power Awais Ahmed Khan Leghari has invited Sweden Green Fund to assist Pakistan’s small vehicles conversion into electric technology by providing technical and financial assistance. The Minister put the proposal in a meeting with Swedish Ambassador Alexandra Berg Von Linde, who called on him in Islamabad today. Elaborating about the proposal for conversion of existing fossil fuel vehicles…
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RAWALPINDI: The Sui Northern Gas Pipelines Limited (SNGPL) Rawalpindi has refuted reports of eight-hour gas load shedding in any part of the city, emphasizing its efforts to ensure uninterrupted gas supply during the winter season. Responding to a report in a local newspaper, the SNGPL spokesperson clarified that despite the increased demand during winter, continuous supply is being provided to…
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Islamabad: The Power Division has announced significant achievements in the power sector, citing a decrease in electricity prices, elimination of cross-subsidies, and substantial national savings. According to a press release, the average electricity price has decreased to PKR 44.04 per unit from PKR 48.70 per unit in June 2024, marking a reduction of PKR 4.66. Industrial electricity prices have also…
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ISLAMABAD: Prime Minister Shehbaz Sharif has appointed Syed Tariq Fatemi, Special Assistant on Foreign Affairs, to address grievances raised by Siemens, a German partner in Rousch Pakistan Power Limited (RPPL), regarding a new deal negotiated by the Energy Task Force led by Federal Power Minister Sardar Awais Khan Leghari. The dispute surfaced during recent Pakistan-EU talks, with the German Embassy…
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Islamabad: The National Electric Power Regulatory Authority (NEPRA) has issued a stern warning to Distribution Companies (Discos) and K-Electric to resolve consumer overbilling issues or face legal consequences. In a letter, NEPRA referenced its earlier directives from July 30, 2024, where it instructed Discos to adjust bills issued on a pro-rata basis. These adjustments were necessitated when meter readings taken…
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BEIJING, Nov 15 (APP):Pakistan is set to attract Chinese investors with exclusive incentives in the booming solar and electric vehicle (EV) sectors, said Pakistan’s Trade and Investment Counsellor to China Ghulam Qadir. Addressing the 4th Beijing International Engineering Procurement Conference & Exposition for Engineering Construction Supply Chain (EPC Expo), focused on sustainable trade between China and Pakistan, Ghulam Qadir emphasized…
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Oil prices were little changed on Tuesday, awaiting further price direction from OPEC’s monthly report, while investor disappointment over China’s latest stimulus plan and oversupply concerns limited gains. Brent crude futures rose 38 cents, or 0.5%, to $72.21 a barrel, by 0944 GMT. U.S. West Texas Intermediate crude futures were up 36 cents, or 0.5% at $68.40 a barrel. “In…
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ISLAMABAD: On Thursday, Pakistan formally requested China to reschedule its debts as unpaid dues for China-Pakistan Economic Corridor (CPEC) power projects surged by 44%, reaching Rs401 billion by the end of the last fiscal year. These outstanding payments, violating the 2015 CPEC Energy Framework Agreement, are hampering financial and commercial relations between the two nations. Finance Minister Senator Muhammad Aurangzeb…
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In a world where access to education can often be a barrier to success, Haier is stepping up to make a difference. With a firm belief in the power of education to transform lives, Haier launched a groundbreaking CSR campaign aimed at empowering talented students with limited resources to reach their full potential. The concept is simple yet profound: Haier…
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Karachi: Overseas Investors Chamber of Commerce and Industry’s member companies have invested Rs 13 billion in 2022-2023 in local communities, positively impacting 40 million individuals across the country. In collaboration with over 290 social sector organisations, the OICCI members have extended their CSR initiatives to all the four provinces of Pakistan, including Azad Jammu and Kashmir and Gilgit-Baltistan, to build…
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