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Articles for tag: Climate change, debt, energy policy, Floods, political economy, Poverty, Thar Coal

September 10, 2024

News Desk

Thar coal is called a game changer for economy

Islamabad: Private Power and Infrastructure Board (PPIB) Director General Coal Said Ali Nawaz remarked that Thar coal is truly a game changer for Pakistan’s economy as the country has spent $6 billion on coal imports in the last three to four years. “Over the next five years, we could reap the full benefits as the base load shifts to Thar coal. This will reduce power prices and have an overall impact of Rs2 to Rs3 on the basket price through the conversion of three imported units based on carbon,” he said. Nawaz was addressing a seminar on “Leveraging Domestic Coal

December 12, 2023

News Desk

Despite the lack of allocation, ECNEC okayed the grand scheme

Islamabad: The caretaker government on Monday approved nine projects worth 372 billion rupees, including a mega-scheme that is not part of the current fiscal year’s development spending and lacks funds – in violation of the Public Finance Management Act. Out of a total of 12 projects costing Rs 626 billion presented before the Executive Committee of the National Economic Council (ECNEC), led by caretaker finance minister Dr Shamshad Akhtar, two worth Rs 214 billion were withdrawn. The ECNEC postponed approval of a project, the Thal Grand Canal, due to a serious dispute between Sindh and Punjab. According to a statement

Thar Coal Mines project to be a game-changer for Pakistan: PM Shehbaz

Prime Minister Shehbaz Sharif says that amid the skyrocketing fuel prices, the cheaper energy production from the Thar Coal Mines project would prove as a game-changer for development of the entire country. He stated this while addressing the inauguration of the commercial operations of Phase-II of Sindh Engro Coal Mining Company during his visit to Thar Coal Mines Block-II in Tharparkar on Monday. He said the Thar Coal Project could help the government save up to six billion dollars as the expenditure on the import of energy including petrol and liquid petroleum touched 24 billion dollars. Shehbaz Sharif said the

PM Shehbaz orders linking of Thar Coal Mines with railway network by March 2023

Prime Minister Shehbaz Sharif has directed the authorities concerned to link the Thar Coal Mines with the country’s railway network by March 2023. During a meeting chaired by the Prime Minister in Islamabad on Wednesday, it was principally decided that the project of linking Thar Coal Mines with the rail network would be jointly executed by the Federal and Sindh governments. The Prime Minister told the meeting that the development projects need to be completed with the “Pakistan Speed” as the previous government had inflicted irreparable loss to the country during the last four years. He said the government is

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