An image of the K-Electric logo. – X / File NEPRA prohibits cost transfer to consumers in the event of delay. Renewable projects are aligned with IGCPE and PAP planning tools. Ke ordered to align himself with the CTBCM market reforms. Islamabad: K-Electric received regulatory approval to accelerate 370 MW of renewable energy projects, following … Read more
A man walks with bags of supplies on his shoulder to deliver to a neighboring store in a market in Karachi, June 11, 2024. – Reuters Report on the United Nations global economic situation and the 2025 prospects published. The United Nations report indicates that Pakistan should see moderate growth. Short -term prospects for South … Read more
Islamabad: The World Bank (WB) recently approved additional funding for Pakistan, $ 108 million to execute two projects supporting social services, markets and jobs in Khyber-Pakhtunkhwa. The international lender granted additional $ 78 million funding to KHYBER-PAKHTUNKH Rural Accessibility Project (KPRAP); And $ 30 million at the KP Integrated Tourism Development Project (Kite), allowing two … Read more
World Bank group written on a display. – AFP / File Kite Project encouraging responsible tourism, explains Kiran. Financial grant to “allow projects” to achieve objectives. Kite financing to help improve the tourism sector, explains WB. Islamabad: The World Bank approved $ 108 million in additional funding at the Khyber Pakhtunkh Rural Accessibility Project (KPRAP) … Read more
People are walking in a park in the middle of high conditions from Smoggy in Lahore on November 7, 2024. —Afp Govt to update the project selection criteria for the PSDP. Pakistan will report the selection process. Pakistan will also implement the assessment of adaptation. Islamabad: Pakistan has accepted requests from the International Monetary Fund … Read more
Listen to the article Pakistan’s Party Party President (PPP) (PPP), Bilawal Bhutto Zardari issued a strong warning to the federal government, declaring that controversial channel projects could endanger the unity of the federation. He demanded that the federal authorities withdraw the proposed initiatives of the canal or risk losing the support of the PPP in … Read more
Listen to the article Despite a drop in world oil prices, the federal government has decided not to reduce internal oil rates, rather choosing to allocate savings to the main infrastructure and development projects in Balutchistan, according to a statement published by the Prime Minister’s office (PMO) on Tuesday. Prime Minister Shehbaz Sharif, at a … Read more
An undated image of a Parco refinery. — Parco Site/File The Ministry of Energy is examining measures to overcome political obstacles. Sales tax exemption conflicts jeopardize refinery modernization plans. SIFC sets January 7 as deadline to finalize refinery deals. KARACHI: The country’s refining sector has suggested several measures to the government to facilitate progress on … Read more
Prime Minister Shehbaz Sharif chairs a meeting to assess and discuss the country’s future electricity and power plans in Islamabad, December 13, 2024. — APP The PM orders the transfer of electricity generation capacity to solar energy. Calls for the immediate closure of inefficient power plants. Orders action against officials who deliberately obstruct reforms. ISLAMABAD: … Read more
A representation of the cryptocurrency Bitcoin and a price chart are seen in this illustration taken October 24, 2023. — Reuters Bitcoin has doubled this year, up 40% since the US election in November. Trump, the pro-crypto Congress, has seen the regulatory clouds clear. Crypto-related stocks are rising with the price of Bitcoin. Bitcoin nearly … Read more
Secretary of the Ministry of Economic Affairs, Dr. Kazim Niaz, and ADB Country Director, Ms. Emma Fan, signed the loan agreement in a ceremony attended by senior officials of the government and the ADB. —APP Program to stimulate inclusive investments in disaster risk mitigation. Agreement signed after the nod from Minister of Economic Affairs … Read more