China has agreed to assist Pakistan in completing four major projects in the transportation and communications sectors. Minister for Privatisation and Communications Abdul Aleem Khan discussed this collaboration with China’s Minister for Transport Li Xiapeng in Beijing on Tuesday, who expressed keen interest in joint ventures and working together on these important projects. According to the
K-Electric on Tuesday declared a Canadian renewable energy firm — JCM Power — as the lowest bidder for offering Rs8.9189 per unit average tariff for a 220-megawatt hybrid wind-solar project at Dhabeji, Sindh. “With Rs8.9189 per unit, JCM Power has emerged as the bidder with the lowest proposed tariff, establishing a new precedent in the country’s renewable space”, the KE said. The actual bid
The Ministry of Industries is likely to finalise the National Electric Vehicle (NEV) policy in October, which aims to promote local manufacturing and early adaption of electric vehicles (EVs) and new energy vehicles (NEVs) to ensure a sustainable transport system. It was decided in the first Steering Committee on Electric Vehicles meeting held on Tuesday, chaired by Minister for Industri
Keeping its tight lid on public funds, the Ministry of Finance (MoF) on Tuesday issued a new strategy for the re-appropriation and allocation of additional funds during the current fiscal year to ensure financial discipline and remain within parameters committed to the international lenders. The office memorandum conveyed to the ministries and divisions restricts all the principal accounting of
In a significant development, the government has agreed in principle to abolish the category of non-filers, mandating all individuals to route all transactions through banking channels to curb cash flows in the economy. “We must do away with the concept of non-filers. There is agreement to eliminate this idea,” FBR Chairman Rashid Mahmood Langrial told the representatives of all main industries