National Transmission and Despatch Company Ltd (NTDC) has completed a 29km long double-circuit transmission line from Polan, Iran to Gwadar. With the construction of the transmission line, Pakistan’s transmission system has become capable to evacuate an additional 100MW of Iranian electricity to various parts of Balochistan. The testing of circuit-II of the transmission line was comple
The Central Development Working Party (CDWP) on Monday cleared a total of 10 development projects worth Rs87.17 billion. The meeting of the CDWP presided over by Federal Minister for Planning and Development Ahsan Iqbal formally approved eight projects with a cumulative cost of Rs18.57bn and referred three other projects worth Rs68.61bn to the Executive Committee of the National Executive Counc
There’s going to be a glut of hydel-based electricity, and it won’t even remotely be cheap. “People think hydel electricity is sasta. That’s absolutely wrong. All run-of-the-river projects, except Dasu, will have 10-11 cents (per unit cost),” said Shahid Sattar, energy expert and executive director of the All Pakistan Textile Mills Association, while participating in a panel discussion on Thar
Over three dozen pharmaceutical companies have expressed their inability to continue production citing unavailability of raw material and delay in their cases seeking price increase. The health ministry, however, has held out an assurance that the government would make sure there was no shortage of medicines in the country. As many as 40 companies informed the Drug Regulatory Authority of P
Despite a slight improvement in its value, the rupee looked shaky against the US dollar on Monday, according to currency dealers in the inter-bank market. The dollar shed its weight by Rs1.28. The closing price of the greenback, as reported by the State Bank, fell to Rs275.30 from Rs276.58 the previous day. Currency dealers said there was no solid reason behind the rupee’s improved showing.