The electricity consumers are set to pay capacity payments up to Rs 2.8 trillion during the upcoming financial year 2024-25.The capacity payments account for 70 percent of electricity tariff for the consumers whereas the energy price amounts to 30 percent.These capacity payments are linked with dollar indexation and therefore, these …
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The Economic Coordination Committee (ECC) of the Federal Cabinet on Thursday approved Technical Supplementary Grants (TSGs) amounting Rs 87 billion just a two weeks before for a new federal budget to be laid before the parliament for approval. The Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb presided over …
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Federal Minister for Planning, Development & Special Initiatives, Prof. Ahsan Iqbal, convened a meeting with 35 Chinese enterprises and Pakistani business houses to explore opportunities for enhanced bilateral cooperation and mutual growth. The meeting aimed to solicit input and proposals for strengthening business-to-business partnerships, a key focus of CPEC’s 2nd …
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The Competition Commission of Pakistan (CCP) approved a 40% equity stake acquisition in Gas & Oil Pakistan Ltd (GO) by Aramco, a global leader in integrated energy and chemicals. This transaction marks Aramco’s first entry into Pakistan’s fuels retail market, underscoring its confidence in the country’s economic potential and its …
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Special Report Islamabad: Discover how residents in Pakistan are combating high electricity bills by transitioning to solar energy. Learn about the significant increase in solar panel installations and the potential for renewable energy in Pakistan Taiq Iqbal, a resident of Islamabad, has been troubled by extraordinarily high electricity bills from …
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In a concerted effort to address the pressing challenges faced by the higher education sector, the Vice Chancellors’ Committee was convened for a two-day meeting in Islamabad with the participation of more than 160 public and private universities from across the country. The gathering provided a platform for the university …
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In a proud moment for the nation, the Pakistan Poverty Alleviation Fund (PPAF) has been honoured with the esteemed International Energy Workforce Award 2024 by the Energy Institute (EI) of the United Kingdom. This accolade underscores PPAF’s exceptional dedication to building a skilled workforce and combatting climate change through its …
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The Pakistan Poverty Alleviation Fund (PPAF), in collaboration with the National Commission on the Status of Women (NCSW), the Ministry of National Heritage and Culture Division, the Ministry of Human Rights, and the Punjab Government, hosted a National Women’s Conference on Economic Empowerment in Islamabad to commemorate International Women’s Day. …
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The National Commission on the Status of Women–NCSW– and the Pakistan Poverty Alleviation Fund (PPAF) have joined hands to host the National Women’s Conference. This pivotal event, set to take place on March 4, 2024, at the National Library in Islamabad, epitomizes the shared vision of both organizations to empower …
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Indus Motor Company (IMC) recently hosted the 7th Journalist Summit at Bhurban, where esteemed journalists from the automotive industry congregated to witness the unveiling of the remarkable Corolla Cross. Gracing the occasion was Chief Engineer Toyota Motor Corporation (TMC) Mr. Yasushi Ueda. This highly anticipated event showcased Toyota’s revolutionary philosophy, …
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