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Government and Military Leadership Come Together To Address Energy Crisis

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6 months ago

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Effective steps have been taken to control the energy problem by the government and military leadership.

In lieu of using coal and furnace oil for energy generation, emphasis is being placed under the auspices of SIFC on the importance of Hydel Power, Solar Energy, and Wind Energy.

150 MW of solar electricity has been installed in Sukkur as part of SIFC initiatives. In Hunza, a 1-MW solar power plant has also been established through public-private collaborations.

A solar plant with more than 2300 solar panels that produces 1600 mw of electricity a year is situated 250 metres above sea level. By producing sustainable energy, this project may reduce yearly emissions of carbon equivalent by 1100 metric tonnes.

The country has committed over $10 billion in funding for the construction of a new oil refinery through cooperation with the Special Investment Facilitation Council.

Additionally, the government has started initiatives in the energy sector, like the construction of a 5-KW double-circuit transmission line, the 132 MW hydropower project on the River Panj, the Diamer Bhasha Project, and solar power projects in Punjab.

Initiatives in the petroleum industry are being used to investigate oil and gas prospects in coastal and maritime areas. With the special investment facilitation council, investments of $5–$6 billion are anticipated.

This batch of projects includes recent agreements with National, Attock, and Pakistan Oil Refineries. The United States, China, and the Gulf countries are expected to make investments soon as a result of these projects, which are boosting trust among investors worldwide.

The country is developing on a positive trajectory under the direction of the government and military leadership.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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6 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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6 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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