ISLAMABAD: The Asian Development Bank (ADB) has approved a $330 million loan to improve Pakistan’s national power transmission system.
The project will build a new 290-kilometer 500 kV transmission line and upgrade key grid stations in Islamabad and Faisalabad.
The project will help the country deliver up to 3,200 MW of affordable electricity, which will reduce dependence on imported fuel and bring stability to the energy sector.
The bank’s financing includes an OCR loan of $285 million and a concessional loan of $45 million. The new line is expected to reduce line losses and increase grid reliability.
According to the Asian Development Bank, the project will also strengthen energy sector reforms and financial stability in line with Pakistan’s National Power Policy 2021 and Vision 2025, while better integration of affordable electricity is expected to reduce average costs
ISLAMABAD: The federal government has introduced new income tax slabs for government employees and salaried…
ISLAMABAD: The Ministry of Religious Affairs has issued new instructions for Pakistani pilgrims going to…
ISLAMABAD: The prices of various smartphones in the country are likely to drop by Rs…
MUZAFFARABAD: The Azad Kashmir High Court has ordered the restoration of the Pakistan Tehreek-e-Insaf (PTI) election…
KARACHI: The Iranian Rial continues to face significant challenges internationally due to sanctions and economic conditions. It…
KARACHI: The price of gold in Pakistan has decreased by more than Rs 10,000, according…