Budget propitious with huge allocations for 16 energy projects on May 12, 2016ISLAMABAD: Decision has been taken to allocate billion of rupees in the budget for the financial year 2016-17 for construction of 16 energy projects in the country under China-Pakistan Economic Corridor (CPEC). Funds will be released through PSDP 2016-17 for completion of these projects on priority basis till 2018 and with the completion of these […]
Provinces agree to hand over power projects to foreign companies on May 10, 2016ISLAMABAD: With the demand of transferring projects after expiry of lease, the provinces on Tuesday agreed on the draft of the new hydropower policy which envisages, handing over mega hydel power projects of 24200 Megawatt (Mw) including Diamer Bhasha Dam on Indus Cascade to foreign firms mainly Chinese companies for swift implementation after facing poor […]
Power shortage hits country on April 30, 2016ISLAMABAD: Electricity shortage has hit the country registering a shortfall of 4,200MW amid reports that power generation stands at 12,600 MW against a demand of 16,800MW. This state of affairs has landed the country in its worst ever power load shedding taking a heavy toll on the people from rural areas who are bearing the […]
Power Ministry and IESCO in tug of war over recruitments on April 27, 2016ISLAMABAD: Ministry of Water and Power and Islamabad Electricity Supply Company (IESCO) have entered into a tug of war over the recruitment in the IESCO and the Ministry declared all the appointments made against the posts vacant in the Company as null and void Ministry declared all the appointments made by IESCO top management against […]
Security beefed up for PTIs public gathering in metropolis on April 23, 2016ISLAMABAD: The capital administration and security agencies have completed all the arrangements on 20th “Foundation Day” of Pakistan Tehreek-e-Insaaf (PTI) and provided information to the general public in this regard. The directives have been issued for parking vehicles in PRC Chowk, Ibne Sina Road green belt by those coming from Lahore GT Road and other […]
Bureaucratic hurdles delay work on Bhasha Dam on April 11, 2016ISLAMABAD: Construction work on the 4,500-megawatt capacity Diamer-Bhasha Dam has not started yet due to the negligence of the bureaucracy. At least Rs39 billion has been invested in the project before the launch of the construction work. The PC-1 of the dam was approved at the cost of Rs894 billion in 2009 and it was […]
WB tells BISP to put house in order or take funds from elsewhere on April 8, 2016ISLAMABAD: The World Bank (WB) has expressed its resentment over Benazir Income Support Programme’s failure to maintain the beneficiary data and sought a report on the increasing complaints about the programme. Keeping in view the prevailing situation, the WB may delay an Rs60 billion grant for the programme, popularly known as BISP. If this happens, […]
Three-year lapse: Jamshoro coal power project seeks government attention on March 8, 2016ISLAMABAD: The government, even after taking loans from the international leading agencies, has completely failed to start the construction of Jamshoro coal power project despite the lapse of almost three years. The mega project would produce 1,320 Megawatts of electricity. According to reports released by Asian Bank in January 2016, it was revealed that […]
PIA assets record vanishes on February 29, 2016ISLAMABAD: Documented proofs of assets of billions of rupees owned by the national flag carrier PIA have vanished from different offices of the airline. The reason of this act might be that some corrupt element either want to grab the costly assets themselves or hand them over to some blue-eyed persons at throwaway prices. […]