640 KW Solar Energy Project and CETP Laboratory Inaugurated in Korangi
The 640 KW Solar Energy Project and the upgraded Combined Effluent Treatment Plant (CETP) Laboratory were officially inaugurated in the Korangi Leather Area, Karachi. The ceremony was attended by Aisha Humera Moriani, Secretary of the Ministry of Climate Change (MoCC) and Environmental Coordination, as the chief guest. Funded by the Global Environment Facility (GEF) and […]
Shell Pakistan from now on to be called Wafi Energy Pakistan Limited
Shell Pakistan Limited has officially been renamed Wafi Energy Pakistan Limited, effective January 13, 2025. The change was confirmed after the Securities and Exchange Commission of Pakistan (SECP) issued a Certificate of Incorporation on Change of Name, the company informed the Pakistan Stock Exchange on Tuesday. The rebranding follows the acquisition of 87.78% of Shell […]
Punjab to Boost Solar Energy, and Industry with Ambitious Initiatives
The Punjab government has unveiled a series of transformative initiatives to revolutionize agriculture, solar energy, and industrial development in the province. Senior Provincial Minister Maryam Aurangzeb, during a review of the Annual Development Program (ADP), highlighted plans to expand solar energy use. Free solar energy will be provided to citizens, and government buildings will be […]
Mari Petroleum Rebrands as Mari Energies Limited
Mari Petroleum Company Limited (MPCL) has officially rebranded as Mari Energies Limited (MEL), effective January 7, 2025. The change was confirmed through a Certificate of Incorporation issued by the Securities and Exchange Commission of Pakistan (SECP), according to material information shared with the Pakistan Stock Exchange (PSX). The new name reflects the company’s evolving focus […]
IT Exports Surge 28% in First Half of Fiscal Year
Islamabad: Minister of State for Information Technology Shaza Fatima Khawaja announced a 28% increase in information and computer technology (ICT) exports during the first six months of the current fiscal year, attributing the growth to improved internet usage and speed across Pakistan. Speaking during the National Assembly’s question hour , the minister emphasized ongoing efforts […]
Pakistan, Iran Extend Electricity Sale Agreement at Revised Rates
Pakistan and Iran have agreed to extend their electricity sale agreement, setting the price between 7.7 to 11.45 cents per kWh, following successful negotiations according to sources. The agreement, initially between Central Power Purchasing Agency Guaranteed (CPPA-G)/NTDC and Iran’s M/s Tavanir, expired on December 31, 2024. Iran’s embassy had requested clearance of pending dues for […]
Cost of Diamer-Bhasha Dam Surges by 119%, Reaches Rs1.05 Trillion
The cost of the Diamer-Bhasha Dam project has escalated by 119.21% from Rs479 billion to Rs1.05 trillion due to a range of internal and external factors according to Minister for Water Resources Musadik Malik. In a written reply, the minister attributed the significant cost increase to revised designs, enhanced security measures, and fluctuating exchange rates. […]
Cost of Hyderabad-Sukkur Motorway (M-6) Project Set to Escalate to Rs400 Billion
The cost of the Hyderabad-Sukkur Motorway (M-6) is projected to rise to Rs400 billion, up from the original estimate of Rs308.194 billion, as revealed during a Senate Standing Committee on Communications meeting chaired by Senator Pervaiz Rashid. The committee was briefed by NHA Chairman Sheheryar Sultan, who explained that the revised cost through Public Sector […]
Pakistan’s Local Mobile Production fuelling Growth in Jobs, Tech, and Innovation
The mobile phone manufacturing sector in Pakistan is experiencing a transformative phase, with a diverse range of brands contributing to local production. With around 28.43 million units produced in 2024, the industry is poised for further growth. Government backing, coupled with increasing consumer demand, positions Pakistan as a key player in the global mobile manufacturing landscape. According […]
Government eyeing Cheapest Electricity in Region; EV Charging Rates cut to Rs39.70/unit
Federal Minister for Power Sardar Awais Ahmad Leghari announced that the government is set to supply the region’s cheapest electricity to all sectors industrial, commercial, agricultural, and domestic after finalizing key measures in the coming months. The minister revealed a 45% reduction in electricity tariffs for electric vehicle (EV) charging stations, lowering the rate from […]
100 MW Solar Power Project Planned for Gilgit-Baltistan under PSDP
Islamabad: The government has announced plans to establish a 100 MW solar power project in Gilgit-Baltistan (GB) as part of the Public Sector Development Programme (PSDP). Official sources revealed that the initiative, aimed at boosting sustainable energy in the region, was approved during a meeting chaired by the Minister for Kashmir Affairs and GB. The […]
Pakistan Launches First Locally Made Observation Satellite
Islamabad: Pakistan successfully launched its first locally made observation satellite, PRSC-EO1, from the Jiuquan Satellite Launch Centre in northern China, according to the Space and Upper Atmosphere Research Commission (SUPARCO). The satellite, equipped with electro-optical sensors, will enhance Pakistan’s capacity to monitor natural resources, respond to disasters, and support urban planning and agricultural development. By […]