approves

Power tariff is expected to be cut by Rs 10 per unit as the government approves revised deals with 14 independent power projects. – Trendy Blogger

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Power tariff is expected to be cut by Rs 10 per unit as the government approves revised deals with 14 independent power projects. – Trendy Blogger

The federal cabinet, headed by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 independent power producers, a move that is expected to bring down electricity prices by Rs 10-11 per unit. The renegotiated contracts are set to save 802 billion rupees by reducing profits and costs of independent power projects, while deducting an … Read more

The Cabinet approves the sale of a 15% stake in Reco Deck Company to Saudi Arabia – Trendy Blogger

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The Cabinet approves the sale of a 15% stake in Reco Deck Company to Saudi Arabia – Trendy Blogger

ISLAMABAD: The Federal Cabinet has approved the sale of a 15% stake in the Reko Diq project to Saudi Arabia for $540 million under the Intergovernmental Commercial Transactions Act. According to industry sources, the Federal Cabinet has now allowed the Saudi government to acquire the shares through a direct deal, and the move is seen … Read more

The World Bank approves additional financing worth $450 million for the reconstruction of flood-affected areas in Sindh – Trendy Blogger

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The World Bank approves additional financing worth 0 million for the reconstruction of flood-affected areas in Sindh – Trendy Blogger

The World Bank has approved additional financing of $450 million for the Sindh Flood Emergency Housing Reconstruction Project to support the reconstruction of resilient housing for people in Sindh province affected by the 2022 floods. According to a World Bank press release, the new support will build on the original $500 million project, approved in … Read more

Punjab Parliament approves a significant increase in salaries of MPs and ministers – Trendy Blogger

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Punjab Parliament approves a significant increase in salaries of MPs and ministers – Trendy Blogger

The salaries of ministers rise to 960,000 rupees, the Speaker of Parliament from 125,000 rupees to 950,000 rupees, and the Deputy Speaker of Parliament from 120,000 rupees to 800,000 rupees. The Punjab Assembly passed Punjab Public Prosecutors Salary Review Bill, 2024Approval of a significant increase in the salaries and allowances of members of the House … Read more

CDWP approves and forwards 15 development projects worth Rs422.704 billion – Trendy Blogger

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CDWP approves and forwards 15 development projects worth Rs422.704 billion – Trendy Blogger

The Central Development Work Party (CDWP), headed by Planning, Development and Special Initiatives Minister Ahsan Iqbal, approved 15 development projects worth Rs422.704 billion during its meeting on Sunday. Of these projects, six projects worth Rs17.95 billion were directly approved, while nine projects worth a total of Rs404.754 billion were referred to the Executive Committee of … Read more

The World Bank approves $240 million in financing to enhance water and sanitation services in Karachi – Trendy Blogger

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The World Bank approves 0 million in financing to enhance water and sanitation services in Karachi – Trendy Blogger

The World Bank has approved $240 million in financing for the Karachi Water and Sanitation Services Improvement Project II (KWSSIP-2) to provide safely managed water, sanitation and hygiene services in Karachi. “Safely managed water, sanitation and hygiene (WASH) services are the foundation of public health and quality of life and are key to addressing the … Read more

The Cabinet approves settlement agreements with eight independent energy projects that rely on sugarcane to reduce electricity costs – Trendy Blogger

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Power tariff is expected to be cut by Rs 10 per unit as the government approves revised deals with 14 independent power projects. – Trendy Blogger

Islamabad: The Federal Cabinet, led by Prime Minister Shehbaz Sharif, on Tuesday approved settlement agreements with eight sugarcane-based independent power producers (IPPs). This decision, which was taken based on the recommendations of the Ministry of Energy and the Department of Energy, is expected to lead to a significant reduction in electricity tariffs. The approved IPPs … Read more

The Securities and Exchange Commission approves the 2024-2026 strategic action plan to develop Islamic finance in the non-banking financial sector – Trendy Blogger

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The Securities and Exchange Commission approves the 2024-2026 strategic action plan to develop Islamic finance in the non-banking financial sector – Trendy Blogger

IslamabadThe Securities and Exchange Commission of Pakistan (SECP) has approved its strategic action plan for 2024-26, which aims to promote the growth and development of Islamic finance in the non-banking financial sector. According to details, the plan has been formulated by the Supreme Committee of the Securities and Exchange Commission of Pakistan, headed by Mr. … Read more

NEPRA approves winter electricity package and fuel cost reduction for consumers – Trendy Blogger

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NEPRA approves winter electricity package and fuel cost reduction for consumers – Trendy Blogger

Islamabad: The National Electric Power Regulatory Authority (NEPRA) has approved the Federal Government’s Winter Demand Initiative for Distribution Power Company (DISCOs) and K-Electric (KE) consumers. According to a NEPRA statement on Friday, the winter package will benefit industrial gauge and wheel consumers, even though they were not included in the government’s order initially.Under the winter … Read more

Saif Energy approves amended agreements with the government – Trendy Blogger

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Saif Energy approves amended agreements with the government – Trendy Blogger

Saif Power Limited (SPWL), a prominent independent power producer (IPP), announced that its Board of Directors has approved amendments to agreements concluded with the government. This disclosure, made in a filing with the Pakistan Stock Exchange, is part of the company’s alignment with the ongoing reforms in the energy sector. The revisions include major changes … Read more