Foreign Ministry condemns Israeli attacks during ceasefire Blogging Sole

Foreign Ministry condemns Israeli attacks during ceasefire

 Blogging Sole

Listen to the article Foreign Ministry spokesperson Shafqat Khan condemned further attacks by the Israeli army during the ongoing ceasefire in Gaza. In a weekly press briefing, Khan expressed Pakistan’s strong opposition to the escalation of violence despite the ceasefire agreement. The FP spokesperson also provided an update on a recent tragic incident in Morocco, … Read more

Finance Ministry highlights management problems in oil and gas sector Blogging Sole

Finance Ministry highlights management problems in oil and gas sector

 Blogging Sole

An undated image of a MOL Pakistan exploration site. — MOL Pakistan website/file Circular debt creates cash flow constraints, according to the ministry report. This highlights ineffective financial management in PSO, PPL, etc. Deplores obsolete and inefficient infrastructure, operational problems. ISLAMABAD: The Ministry of Finance, in its report, has raised serious questions over financial mismanagement … Read more

Energy Ministry seeks grants of 400 billion rupees to meet IMF conditions Blogging Sole

Energy Ministry seeks grants of 400 billion rupees to meet IMF conditions

 Blogging Sole

A representative image of pylons and power lines. — Reuters/File The Ministry of Energy writes a letter to the Ministry of Finance in this regard. The FY25 budget includes Rs 1,229 billion in energy subsidies. The IMF recommends institutionalizing anti-theft procedures. ISLAMABAD: To avoid slippages due to the escalation of circular debt agreed with the … Read more

Energy Ministry reveals details of huge capacity payments to IPPs Blogging Sole

Energy Ministry reveals details of huge capacity payments to IPPs

 Blogging Sole

A representative image of pylons and power lines. — Reuters/File Five IPPs received capacity payments above 50% of contributions in FY23. Government disbursed over Rs 769 billion for 12 IPPs in FY 2023-24: Document. Publication of the list of IPPs that produced electricity at the highest prices. Days after the government approved “settlement agreements” with … Read more