The 800MW Mohmand Dam Hydropower Project will start cheap and green/clean power generation by 2027, as the project, following diversion of River Swat in August last year, is progressing ahead at a good pace with the construction work on all key sites. The government had launched construction work on the project in 2019. The project is being completed in the Khyber Pakhtunkhwa to provide flood m
Assuming office on Monday as the 11th President of the Asian Development Bank, Masato Kanda expressed his commitment to advancing ADB’s mission to promote sustainable, inclusive, and resilient growth in the region. Mr Kanda succeeds Masatsugu Asakawa, continuing a legacy of excellence and innovation. According to a press release from ADB, with nearly four decades of experience in international
Taking note of artificial price hikes for goods and services and scarcity of quality products due to cartelisation, the Competition Commission of Pakistan (CCP) has sought public help detecting market collusions. Cartels are formed when suppliers coordinate or enter into agreements to fix prices and control supply, all for unjustified gains and illicit profits, which is illegal. To ensure th
The government on Monday claimed to have secured about Rs1.571 trillion in savings in future payments to a total of 27 independent power producers (IPPs) through negotiations so far, while another ‘unwilling’ producer would have to undergo a forensic audit. This was the key takeaway from a presentation made by a power division team — comprising federal minister Awais Ahmad Khan Leghari, Special
Hold your breath for a while. There are differing views over the country's economic progress under the current government. While government officials rightly point out improvements in certain indicators as signs of victory and stability after tumultuous years of firefighting, the majority remain unconvinced. Nonetheless, there is a very small segment of stock market investors who seem to be hav
