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Tag Archives: Federal Minister for Water and Power Khawaja Asif

Rs2.32/unit tariff cut: Altaf urges PM to make K-Electric pass on relief to public

KARACHI: Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has urged Prime Minister Nawaz Sharif to order the K-Electric management to ensure cut in the power tariff in proportion to his announcement to provide relief to the masses. He regretted that the Prime Minister had announced a substantial decrease in power tariff but K-Electric denied reducing power tariff and appeared stubborn ... Read More »

1,860MW power projects to end energy crisis: Khawaja Asif

ISLAMABAD: Minister for Water and Power Khawaja Muhammad Asif has said that the government has decided to end energy crisis by expediting the two projects, including 1,200 MW power project by China Power International Holding and 660 MW by Engro Powergen Ltd at Thar coal. The minister disclosed this, while presiding over the 98th meeting of PPIB Board. He said ... Read More »

Inflation lowest in Oct: Dar eyes 5.1pc GDP growth as 4.14pc achieved

ISLAMABAD: Federal Finance Minister Ishaq boasted that inflation for October was the lowest over the past 17 months at 5.8pc, saying that the government was striving to take GDP growth rate to 5.1 percent from current 4.14 percent. The government, due to its better policies, has already raised GDP growth to 4.14 percent which also reflects the commitment to stablise ... Read More »

590MW Mahl Hydropower Project to cost $1,200m

ISLAMABAD: A letter of Interest (LoI) for the construction of 590 MW Mahl Hydropower Project, having estimate cost of $1,200 million, has been issued to M/s CWE Investment Corporation China and M/s Trans Tech Pakistan. Private Power and Infrastructure Board (PPIB) issued the LoI in ceremony under the supervision of Federal Minister for Water and Power Khawaja Asif. PPIB Managing ... Read More »

Finance Minister Dar tasks auditors to ascertain causes of electricity over-billing

ISLAMABAD: Finance Minister Ishaq Dar here the other day tasked the auditors to ascertain clearly why over-billing had actually occurred in the previous months. A meeting of the Special Committee of the Cabinet on Power Matters was held here the other day under chairmanship of Ishaq Dar. They were asked to revert to the committee with their findings as soon ... Read More »

Delays in Nandipur power project cause over Rs113b loss

ISLAMABAD: Delay in the 425MW Nandipur power project have caused a huge loss of more than Rs113 billion to the national exchequer. This was disclosed by Federal Minister for Water and Power Khawaja Asif in the National Assembly while replying to questions raised by Pakistan Muslim League-Nawaz’s Shaista Pervaiz. In a written reply, the minister said that a judicial commission, ... Read More »

Kh Asif sheds light on Chinese investment, projects

ISLAMABAD: Federal Minister for Water and Power Khawaja Asif said that China intends to invest 34 billion dollars in Pakistan as Foreign Direct Investment (FDI) and not as a loan. “Chinese companies aim to invest $34 billion in different projects, while Chinese banks EXIM and China Development Bank would finance these companies,” Asif said while addressing a press conference called ... Read More »