The utilisation of funds stood at 82 percent against the releases in Sindh during the financial year ended on June 30, 2021 under the Public Sector Development Programme (PSDP). According to a summary of the provincial government, the release of amount and its utilisation also includes the provincial and district Annual Development Programmes and federal grants and foreign assistance for…
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Pakistan will not extend to Russia the sovereign guarantee against 26 percent shares in Pakistan Stream Gas Pipeline Project (PSGP). However, it has extended assurances to Russia which are enshrined in the amended Inter-Government Agreement (IGA). Pakistan will be having 74 percent shareholding and Russia 26 percent. This was the essence of the third day of talks between Pakistan and…
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After eight enterprising years with Hubco, Khalid Mansoor, CEO Hub Power Company Limited, has decided to part ways with the company. During his tenure with the company, he led Hubco to enhance its overall generation capacity from 1,600 MW to 3,581 MW. His achievements on behalf of Hubco include capacity building and switching to self O&M of our plants, successful…
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After the establishment of KANUPP, in 1972 its first nuclear power plant in Karachi produced 137mw of energy – the use of nuclear power in Pakistan has seen a sharp escalation in recent times. Pakistan presently being an energy-hungry economy with outstanding industrial growth potential continues to invest in renewable nuclear power technology. Pakistan embraced a National Energy Security Plan,…
Read MoreALTHOUGH the world’s attention is currently focused on the Covid-19 pandemic, climate crisis remains the planet’s greatest challenge. To strive to limit the global temperature to 1.5°C means halving the CO2 emissions by 2030 and reaching net zero by 2050. But these pledges have clearly fallen short. In fact, it took a pandemic and the resulting economic shutdown to bring…
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Reports claim that environmental dilapidation can cause a loss of PKR 365 billion every year and hence, it can even deteriorate the economy! Climate change primarily is global warming caused by emission of greenhouse gases via human activity and is responsible for the large-scale alterations in the weather pattern. Human activity burns fossil fuels to produce energy which releases carbon…
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The Punjab government has decided to shift government offices, schools, colleges, universities and health units across Punjab to solar power under the Green Energy Programme through which Rs108 billion will be saved annually. A comprehensive plan has been formulated to increase the use of solar energy in the light of the directives issued by Punjab Chief Minister Usman Buzdar. In…
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Shell and its European rivals are seeking new business models to reduce their dependency on fossil fuels and appeal to investors concerned about the long-term outlook for an industry under intense pressure to slash greenhouse gas emissions. Shell will present its strategy on Feb. 11 and unlike Total and BP the company will focus more on becoming an intermediary between…
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Pakistan is facing an oil and natural gas shortage due to a considerable decrease in local production this year. The official data revealed that the commercial supply of oil decreased by 19.8 per cent in the financial year 2018-19 compared to the past years. The Hydrocarbon Development Institute of Pakistan, under the Ministry of Energy has published the Pakistan Energy Yearbook…
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