logo
Centre's policies stalling Sindh's energy sector growth: Sharjeel

Centre's policies stalling Sindh's energy sector growth: Sharjeel

KARACHI: Sindh Senior Minister Sharjeel Inam Memon has said that Sindh holds vast untapped resources capable of pulling Pakistan out of its persistent energy crisis, but federal government policies are stalling the province's energy sector growth.
Speaking to the media, Memon emphasised that respecting provincial autonomy and giving Sindh authority proportionate to its resources could spark an energy revolution.
He pointed out that over the past six years, 30 million tonnes of coal from Thar had been supplied to IPPs, generating 31 gigawatts of electricity, lighting up over 3 million homes.
'Thar coal can fulfil Pakistan's power needs for decades,' said Memon, stressing the long-term viability of local energy solutions.
He added that the Sindh government is constructing a 105 km railway line to connect Thar coalfields with national and international markets, a transformative project for energy trade and logistics.
Sindh is also moving toward renewable energy, with operational wind corridors, several solar projects underway, and the Nooriabad project already supplying 100 MW to Karachi. An Rs2.5 billion budget has been earmarked for future solar ventures. 'Two new solar parks for Karachi and others for Hyderabad, Sukkur, and Larkana are being planned,' revealed Memon.
He accused the federal government of deliberately obstructing Sindh's solar and wind initiatives, urging it to remove barriers and extend full cooperation.
On governance, he addressed other pressing issues and said illegal constructions are being tackled across Sindh, with the SBCA issuing 37 demolition notices in Sukkur alone.
He said flood threats loom with rising water levels in the Indus River and low-level floods reported at Guddu and Sukkur barrages. Relief camps have been activated.
Post-monsoon health alerts issued due to a surge in gastroenteritis, diarrhoea, and viral infections; mobile clinics are operational.
On vehicle plate reforms, Memon clarified the new plate scheme aims to modernise registration, prevent theft, and curb crime, calling the negative propaganda 'baseless.'
Memon concluded by stating that public welfare should not be politicised, and the Sindh government is ready to address genuine public grievances.
Copyright Business Recorder, 2025
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Highnoon forges alliance with BD's Beximco
Highnoon forges alliance with BD's Beximco

Business Recorder

time2 hours ago

  • Business Recorder

Highnoon forges alliance with BD's Beximco

KARACHI: Highnoon Laboratories Limited, a prominent Pakistani pharmaceutical company, announces a significant strategic partnership with Beximco Pharmaceuticals Limited, a leading pharmaceutical firm based in Bangladesh. The collaboration aims to enhance the availability of specialised pharmaceutical products in Pakistan, focusing on critical therapeutic areas such as respiratory, diabetes, and cardiovascular diseases. The partnership was formalised through the signing of a Memorandum of Understanding (MoU) between the two companies. This alliance is set to introduce newer therapies, advanced dosage forms, and innovative drug delivery systems to the Pakistani market, promising improved ease of use and better clinical outcomes for patients, while simultaneously enhancing access to advanced medications. Beximco Pharmaceuti-cals Limited brings to the table state-of-the-art manufacturing facilities, which have received accreditation from stringent regulatory authorities across the globe, including the USA, Australia, the European Union, Canada, and Brazil. This robust accreditation underscores Beximco's commitment to quality and international standards. Highnoon Laboratories Limited, recognised as a recipient of Forbes Asia's 'Best Under A Billion' award in 2023, views this strategic alliance as a pivotal step. According to the disclosure made to the Pakistan Stock Exchange Limited, the company believes this partnership will not only benefit patients in Pakistan but also significantly contribute to the ongoing expansion of trade relations and economic cooperation between Pakistan and Bangladesh. The collaboration is expected to bring substantial advancements to Pakistan's healthcare sector, offering new hope and improved treatment options for patients suffering from high-burden diseases. Copyright Business Recorder, 2025

MPC meeting today
MPC meeting today

Business Recorder

time2 hours ago

  • Business Recorder

MPC meeting today

KARACHI: The Monetary Policy Committee (MPC) of State Bank of Pakistan will meet today (Wednesday) for deliberation on the key economic issues to decide about the Monetary Policy. Governor SBP Jameel Ahmad will chair the meeting and later announce the Monetary Policy decision at a press conference. In the previous meeting held on June 16, 2025, the Committee kept the policy rate unchanged at 11 percent, as inflation was expected to trend up in coming months. Most market analysts anticipate a rate cut of 50 to 100 basis points, citing a current account surplus and a rise in foreign exchange reserves. Copyright Business Recorder, 2025

ABL partners with Befiler to launch seamless tax filing services
ABL partners with Befiler to launch seamless tax filing services

Business Recorder

time2 hours ago

  • Business Recorder

ABL partners with Befiler to launch seamless tax filing services

KARACHI: Allied Bank, one of Pakistan's leading commercial banks, has announced a strategic partnership with Befiler, a premier digital tax filing platform, to provide customers with secure, convenient, and integrated tax management solutions. The partnership was formally unveiled during a signing ceremony held at Allied Bank's Clifton office in Karachi. The event was attended by senior leadership from both organizations, including Akbar Tejani, CEO of Befiler, and Allied Bank executives Mujahid Ali – Chief Technology & Digital Transformation, Mohsin Mithani – Chief Digital Officer, and Muhammad Zaman – Group Head Digital Transformation & Innovation. 'This collaboration with Befiler marks another milestone in our journey to deliver meaningful digital services. Together, we're enabling customers to manage their taxes effortlessly through the myABL app—saving time, reducing stress, and adding value to their everyday banking,' said Mr. Mohsin Mithani, Chief Digital Officer at Allied Bank. Akbar Tejani, CEO of Befiler, added, 'At Befiler, we believe that simplifying tax compliance is not just a convenience — it's a national imperative. Our partnership with Allied Bank reflects a shared commitment to financial inclusion and transparency.' Copyright Business Recorder, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store