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Significant milestones in Pakistan’s energy sector include the expansion of solar energy projects in Gilgit-Baltistan and Sukkur.

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The Special Investment Facilitation Council has made notable achievements in Pakistan’s Energy Sector, marking a year of substantial improvement.

Pakistan has achieved significant progress in its energy infrastructure, including the successful implementation of a 1 MW Solar Project in Gilgit-Baltistan and a substantial 150 MW Project in Sukkur. These installations have greatly increased the country’s capacity for renewable energy.

SIFC implemented proactive efforts by establishing an anti-theft task team, resulting in the recovery of around 95 billion rupees since its establishment in September of last year.

Sinotec Solar, a major Chinese company, has announced its intention to construct a state-of-the-art 3 GW Solar Panel Manufacturing Plant in Karachi. The objective of this program is to enhance Pakistan’s capacity in renewable energy and promote the manufacturing of industrial batteries and electric vehicles.

In addition, a memorandum of understanding was signed to transform an existing thermal power plant into a 300 MW solar facility. This initiative has attracted $200 million in foreign direct investment and is expected to result in substantial reductions in electricity generation expenses.

SIFC’s groundbreaking ‘Brownfield Oil Refinery Policy’ successfully addressed regulatory obstacles, resulting in the mobilization of 5 to 6 billion dollars in investments for Pakistan’s refining industry.

Mari Petroleum Company Limited has made notable achievements in the field of oil and gas exploration, contributing to the efficient usage of Pakistan’s natural resources.

SIFC’s goal for 2031 is to decrease Pakistan’s reliance on traditional energy sources by advocating for other options, including hydropower, solar power, wind power, and RLNG.

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

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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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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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