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Minister denies any ban on wind, solar power generating projects KARACHI: Sindh Minister for Finance and Energy, Murad Ali Shah here on Tuesday said that the provincial government extensively engaged in developing renewable energy projects will strictly comply with tariff notified by NEPRA.Talking to journalists, he said Sindh is endowed with renewable energy potential of solar, wind and other resources including identified wind corridor of 50,000 MW."A number of wind and solar energy projects are being processedby the Sindh government to mitigate the persisting energy crisis," he said.The Sindh Minister for Finance and Energy said a pragmatic approach has also been adopted to make optimum of this including provision for development support framework as well as special incentives for manufacturing of renewable energy equipment.He in reply to a question dispelled the impression being created by the media regarding any restriction imposed on fresh wind or solar based energy generating schemes in the country.The provincial minister in most categorical terms said ...

QESCO power station to remain closed on May, 19 QUETTA: Quetta Electric Supply Company (QESCO) will close its City Grid Stations including Shekh Manda Grid and Kharotabad Grid from May 19. This was announced by QESCO administration, the power of Shekh Manda Grid Station's PAF and Kharoatabad feeders will remain close from 11.00 am till 3.00 pm and Old Pashtoonabad Express feeders 12.00 am to 4.00 pm due to some repairing work inside the power station. Meanwhile, the power load shedding would be carried ...
K-Electric proposes power generation plant at Dhabeji land-fill site KARACHI: K-Electric has expressed its interest to install a plant to generate electricity through solid waste at the Dhabeji land fill site managed by Sindh Solid Waste Management Board (SSWMB).A delegation of K- Electric comprising some of its senior officials in a meeting with SSWMB's Managing Director, Roshan Ali Shaikh here Friday said a pragmatic approach was needed to address the issue of existent power shortage.Seeking SSWMB support, they said power generation through waste is ...
Russian company interested to upgrade PSM's power plant ISLAMABAD: Russian largest heavy machinery manufacturing company expressed its interest in maintenance and upgradation of Pakistan Steel Mill's (PSM) power plant to increase its generation capacity.A Russian delegation here on Thursday met with Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi, said a statement.The delegation represented the largest heavy machinery manufacturing company in Russia expressed their interest in maintenance and up gradation of PSM power plant.The upgradation would increase generation capacity of the ...
Chinese delegation visits Ministry of Industries, production ISLAMABAD: A Chinese delegation company on Wednesday met with Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi at his office.The delegation comprised of representatives of a major company in China.The delegation showed interest in investment in generators, automobile engines and rollers, and requested the Minister for his support, according to statement issued.The Minister assured them of his support and promised co-operation of the ministry.The Minister encouraged future investment of such nature for industrial ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln