Tag: Energy

Thar Coal Energy Board Bill sails through Sindh Assembly

The Sindh Assembly (SA) on Wednesday unanimously passed the Thar Coal Energy Board Bill-2011, enabling the provincial government to attract domestic and international investment...

US coal film aims to put wind in green energy sails

A new film protesting against US coal mining and starring Robert F. Kennedy Jr. aims to boost green alternatives such as wind power and...

Libya to replace energy chief who defected

The Libyan government said on Thursday it will send a representative to the next OPEC meeting to replace the top oil official who defected...

Energy sector forges ahead

The deregulation of fuel prices was taken as a positive sign by investors thus allowing the entire energy sector to display strength, duly backed...

Salahi promises co-op with Punjab in energy sector

Dr Mahmoud Salahi, the governor of the largest province of Iran, Khorasan Razvi, Sunday said they would extend full cooperation to the Punjab government...

Uniform energy tariffs urgently needed

titans and economic managers in the country agree that the country should have uniform energy tariffs. Subsidies on electricity, gas and petroleum products...

Energy, communication, transport to get priority in new budget

The target for development spending in next fiscal year is projected at Rs 710 billion, with the federal government’s Public Sector Development Programme of...

PM Gilani asks for China energy investment

Pakistan's prime minister Thursday called on Chinese firms to invest in his country's energy sector, in a bid to boost a moribund economy hit...

Germany extends cooperation on energy

Ambassador of Germany Dr Michael Koch said that his country, the world leader in renewable energy, is ready to extend cooperation to Pakistan in...

Thar Coal and Energy Board told to hasten work

The government wants the Thar Coal and Energy Board (TCEB) to accelerate the pace of work for power generation, which is essential for the...

Hafeez Shaikh confident of fresh energy investment

WASHINGTON - Finance Minister Dr Abdul Hafeez Shaikh expressed confidence of new foreign investment flowing into Pakistan's energy sector as he wrapped up four days of meetings with leaders of international financial institutions, his counterparts and US officials. "I think our message about vast business opportunities in Pakistan, the government's liberal investment regime and policy to facilitate the private sector has been well received," he told those at a press conference.

Saudi Arabia keen to invest in energy, agriculture sectors: Hafeez

WASHINGTON - Saudi Arabia is interested in investing in Pakistan's energy and agriculture sectors, Finance Minister Abdul Hafeez Shaikh said after meeting his counterpart from the oil-rich country.
Dr Shaikh and Saudi Finance Minister Dr Ibrahim Bin Abdulaziz Al-Assaf discussed investment opportunities that Pakistan holds out for Saudi businesses at a meeting on the occasion of semi-annual IMF-World Bank gathering.
"We have very close and longstanding relationship with Saudi

Govt comes up with yet another energy plan

ISLAMABAD - The government on Thursday unveiled its energy conservation plan for the year 2011, which it claimed would save between 1,000MW to 1,100MW in six months until September, as power shortfall increased to 3,135MW from 2,965MW.
Minister for Water and Power Naveed Qamar informed the National Assembly that the government had finalised an energy conservation plan to combat the power shortage during the next six months. Qamar said that a two-pronged policy had been devised

Government presents energy saving plan

ISLAMABAD - An energy saving plan was presented to the National Assembly by the government on Thursday.
According to the proposed energy saving plan presented by the Federal Water and Power Ministry, shops and markets are to close at 8:00pm and the number of active streetlights on roads and highways would be decreased.
According to the plan, up to 50percent of the lights of all federal and provincial secretariats, chief ministers' houses, the Presidency, the PM House and

Majority of French want to drop nuclear energy

PARIS - A majority of French people want to get rid of nuclear power, a poll on Wednesday showed, underscoring the impact of the Fukushima disaster on public opinion around the world. The poll conducted by OpinionWay found that 57 percent of respondents were generally in favour of dropping nuclear energy, with 20 percent strongly in favour of the idea.
Only 27 percent were prepared to accept a corresponding rise in electricity tariffs, however, compared to 72 percent against,

Join hands to tackle energy issues: Gilani

ISLAMABAD - Calling energy an essential driver of Pakistan's economy, Prime Minister Yousaf Raza Gilani on Sunday announced the formation of a Government-Industry Energy Council to address the country's energy issues and make recommendations to the government in this regard.
Addressing the inaugural session of the three-day "Pakistan Energy Conference, 2011" organised by Petroleum Institute of Pakistan, Gilani said the government could not tackle energy-related issues

Energy scrips charge ahead on KSE

KARACHI - Bulls remained dominant on Friday at the Karachi Stock Exchange (KSE) where the benchmark index closed 57.03 points higher owing to, according to analysts, bullish activity in blue-chip scrips in energy sector.
The last trading day of the week saw the KSE-100 index closing at 11,905.87 against 11,848.84 a day earlier. "Bullish activity witnessed led by blue-chip scrips in oil sector after US Brent crude crossed $122 per barrel mark due to political turmoil in the Middle