energy
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China export restrictions to affect US defence, clean energy
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[ad_1] The flag of China is placed next to the elements of Gallium and Germanium on a periodic table, in this illustration picture taken on July 6, 2023. —Reuters As a trade battle between the two largest economies in the world intensifies, analysts warn that China’s retaliatory export restrictions may have a negative impact on…
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The Impact of Engro Corporation’s Strategic Ventures on Pakistan’s Growth
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Engro Corporation Limited, one of Pakistan’s largest and most diversified conglomerates, continues to be a key driver of the nation’s economic development. With significant investments in sectors like energy, chemicals, food, and telecommunications, Engro is poised for transformative growth. In this blog post, we will explore how Engro Corporation’s strategic initiatives are impacting various sectors,…
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Aurangzeb urges tax reforms, energy subsidy cuts to address challenges
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[ad_1] Finance Minister Muhammad Aurangzeb pictured during his meeting with President Asian Development Bank Masatsugu Asakawa on the sidelines of IMF-WB Annual Meetings on October 25, 2024. — X@Financegovpk ISLAMABAD: Finance Minister Muhammad Aurangzeb, while speaking at an event on the sidelines of World Bank-International Monetary Fund (IMF) Annual Meetings, has stressed the need for reforms in taxation…
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‘Status quo can’t be maintained’: Energy minister confirms talks with IPPs to reduce power rates
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[ad_1] A worker of Peshawar Electric Supply Company (PESCO) climbs up a high-voltage pylon in Peshawar, August 7, 2017. — Reuters Confirming the coalition government’s efforts to renegotiate contracts with independent power producers (IPPs) to reduce “unsustainable” electricity tariffs, Energy Minister Awais Leghari said both sides have a clear understanding that the “status quo can’t…
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Debunking misconceptions about CPEC energy projects | The Express Tribune
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[ad_1] ISLAMABAD: The Power Policy of 1994 was introduced as the ultimate solution to Pakistan’s electricity problems. Western countries and institutions praised the policy as one of the best pro-private sector initiatives. The World Bank and USAID collaborated with other multilateral donors to ensure the policy’s success by providing financial support. Both the World Bank…
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Pakistan can save up to Rs50bn if citizens endure two-hour of loadshedding: energy minister
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[ad_1] A representational image depicting loadshedding in a residential area of Pakistan. — AFP/File ISLAMABAD: Energy Minister Awais Leghari on Tuesday said that if the citizens could endure two-hour of load shedding daily, the government could save up to Rs50 billion. Addressing the National Youth Convention here, the minister admitted the electricity tariffs in Pakistan…
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Pakistan has the most expensive electricity in the region: Energy Minister | The Express Tribune
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[ad_1] Listen to article The Federal Minister for Energy, Awais Leghari, acknowledged that the country has the highest electricity costs in the region, stating that the government is working towards resolving issues related to Independent Power Producers (IPPs). Speaking at the National Youth Convention in Islamabad, Awais announced that within one to two months, the government, in…
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FM Aurangzeb heads to China to reschedule $15 billion energy loan | The Express Tribune
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[ad_1] Federal Finance Minister Mohammad Aurangzeb is set to embark on a three-day visit to China today, aiming to discuss the rescheduling of a $15 billion energy loan. According to sources from the Ministry of Finance, a joint working group may be established between Pakistan and China to facilitate the loan rescheduling. The discussions will…
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Energy czar, ex-minister trade barbs over IPPs contracts
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[ad_1] Federal Minister for Energy, Awais Leghari (left) and former federal interior and commerce minister Gohar Ejaz. —Radio Pakistan/AFP/File Federal Minister for Energy Awais Leghari has asserted that the government was not in a position to act unilaterally against independent power producers (IPPs) regarding power purchase agreements (PPAs), which are draining billions of rupees of…
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Political chaos, exorbitant energy cost listed as key challenges | The Express Tribune
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[ad_1] KARACHI: Sindh’s former caretaker minister for industries and commerce Muhammad Younus Dagha has said that if two main challenges including political instability and high energy cost are brought under control, the country can grow by leaps and bounds. He said the caretaker government had made efforts to improve the performance of government departments despite…
