For FY 2022–2023, the ECC approves the continuance of RCET for industries with an export focus
ISLAMABAD: For the duration of the current fiscal year, the Regionally Competitive Electricity Tariff for export-oriented industries has been authorised by the Economic Coordination Committee. The decision was made during a Committee meeting in Islamabad, which was presided over by Minister of Finance and Revenue Ishaq Dar. The conference determined that from this month’s first […]
NEPRA admitted Tariff Modification Reference for 300 MW Coal Fired Power Gwadar
ISLAMABAD, 12 October The National Electric Power Regulatory Authority (NEPRA) has approved CIHC Pak Power Company (Pvt.) Limited’s appeal for adjustment or revision of the reference tariff for its 300 MW Gwadar Coal Fired Power Generation project in Gwadar, Balochistan. Under Sections 7 and 21 of the NEPRA Act and Rule 3 of the NEPRA […]
Chinese expert delegation travels to Pakistan to conduct catastrophe assessments and provide advice on flood management and disaster mitigation
A Chinese government expert team headed by the Ministry of Emergency Management left for Pakistan on October 11 in order to conduct a catastrophe assessment and provide recommendations for flood mitigation and prevention. Eleven people from several agencies, including the China Meteorological Administration, the Ministry of Water Resources, and the Ministry of Emergency Management, make […]
China is a world leader in hydropower
China is one of the world’s top producers of hydropower. Due to its enormous hydropower resources, installed capacity, and cutting-edge techniques, research, and development, China has continued to lead the world in the production of green energy from hydropower since 2004. The 22.5GW Three Gorges hydroelectric power plant in China is the biggest hydropower facility […]
Newly inaugurated Coal Power Plant creating jobs, easing fuel import cost
THARPARKAR: The newly inaugurated coal power plant is illuminating villages, generating employment, and reducing the cost of fuel imports as Pakistan successfully opened its third power plant with a 330MW capacity on indigenous Thar coal. The Thar Energy Limited (TEL) power plant, part of CPEC Block II and finished by Hubco company in the Tharparkar […]
Due to flash floods, Pakistan’s economic growth would slow to 2%, according to SBP
In the wake of the destruction caused by flash floods, the State Bank of Pakistan’s Monetary Policy Committee (MPC) predicted on Monday that the country’s economic growth will fall to 2% in FY23. According to information now available, the MPC anticipated GDP growth might decline to about 2% in FY23, compared to the earlier prediction […]
Punjab minister: Farmers have rapid, simple access to high-quality seeds
Punjab Seed Corporation is playing a critical role in supplying farmers with high-quality, reasonably priced seeds. Farmers should receive better services; it is necessary. Syed Hussain Jahania Gardezi, Punjab’s Minister for Agriculture, made this statement while presiding over the 122nd meeting of the directors of the Punjab Seed Corporation in Lahore. PSC Shan-Al-Haq, the meeting’s […]
130 businesses will attend the 6th Pakistan Industrial Expo from China and Pakistan
LAHORE: On October 15–17, Lahore will play host to the 6th Pakistan Industrial Expo, which will include over 130 businesses from China and Pakistan. Engineering agricultural machinery, CNC engraving and machine tool equipment, hardware tools, building supplies, alternative energy, auto, and motorcycle parts, etc. will all be on display. Pakistan Everest International Exhibition Company introduced […]
14.3% of electricity is still produced using coal
KARACHI: Due to decreasing imports, RLNG’s share dropped from 18.9% percent in August 2021 to 12.5% in August 2022, with coal’s contribution to power generation remaining same at 14.3%. The cost of RLNG in the power basket increased from Rs14.91/kWh in August 2021 to Rs24.72/kWh in August 2022, according to statistics. According to Muhammad, the […]
The lubricant oil sector is prepared to enter Gwadar Free Zone Phase II
9 OCT., GWADAR- In a significant milestone, a subsidiary of the Chinese firm Hengmei Technological Grease Company has decided to create a lubricant mixing factory in Phase II of the Gwadar Free Zone. After signing the sub-lease agreement, Hengmei Technological Grease Company, which has already been registered and incorporated with the Security and Exchange Commission […]