No Result
View All Result
Tuesday, July 1, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    File photo

    Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

    Vicky Kaushal

    What did Vicky Kaushal say about Katrina Kaif’s feedback on his films?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    File photo

    Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

    Vicky Kaushal

    What did Vicky Kaushal say about Katrina Kaif’s feedback on his films?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

World Bank approves $195m loan for Pakistan’s energy sector

MM News Staff by MM News Staff
December 19, 2021
WB approves loan to improve electricity supply and distribution. (Source: Online)

WB approves loan to improve electricity supply and distribution. (Source: Online)

WASHINGTON: The World Bank has approved $195 million in financing to support Pakistan in improving electricity distribution and implementing energy sector reforms to increase service quality for consumers.

According to a statement issued by the global lender, the Electricity Distribution Efficiency Improvement Project (EDEIP) will help distribution companies improve operations to manage the electricity supply more efficiently and increase the reliability of the electrical grid.

“The project will also invest in climate-resilient infrastructure, particularly grid stations and transmission lines, which are critical to distribution and utility services,” the statement added.

“The long-term financial viability of the power sector depends on improving the efficiency of electricity distribution companies that deliver electricity to consumers,” said Najy Benhassine, World Bank Country Director for Pakistan.

He further stated, “These efforts will improve the operational and financial performance of select distribution companies to improve their bankability and ultimately generate more private sector participation.”

The EDEIP will support institutional reforms to improve governance and transparency and will develop systems and practices to improve managerial performance and compliance with regulatory requirements.

In addition, the project will help build the technical capacity of the distribution companies by providing training programs, tools, and equipment to improve staff performance in key utility operations.

“The project will focus on strengthening operations and governance of Hyderabad Electric Supply Company, Multan Electric Power Company, and Peshawar Electric Supply Company,” said Mohammad Saqib Task Team Leader for the project.

He added, “With the leadership of the Ministry of Energy, this project will bolster market-sector reforms, reduce transmission and distribution losses, and improve the sector’s financial performance.”

The EDEIP complements ongoing power sector support from the World Bank, including on transmission network, renewable energy generation, as well as reforms through the Pakistan Program for Affordable and Clean Energy (PACE), which focuses on improving its financial viability and transitioning to low-carbon energy.

The project will increase the reliability of electricity services for residential, agricultural, commercial, and industrial sector consumers in project areas, and will contribute to reducing carbon emissions.

 

ShareTweetSendShare
Previous Post

OIC huddle: Pakistan proposes six-point framework to solve Afghan crisis

Next Post

Immediate action required as chaos in Afghanistan suits none, says PM Imran at OIC summit

Related Stories

Business & Stock

Finance Bill 2025-26 to come into effect from 12am

June 30, 2025
(File)
Business & Stock

Gold price increases Rs800 per tola

June 30, 2025
(File Photo)
Business & Stock

PSX crosses 125,000 points amid economic optimism

June 30, 2025
Business & Stock

Saudi Riyal to PKR rate today – June 30, 2025

June 30, 2025
Forex rates in Pakistan today
Business & Stock

Forex rates in Pakistan on Monday – June 30, 2025

June 30, 2025
Business & Stock

Pakistan secures $3.4 billion loan extension from China

June 30, 2025
file photo
Business & Stock

Pakistan set to launch train service from Lahore to Russia next month

June 29, 2025
Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)
Business & Stock

Latest prices of solar panels in Pakistan – June 2025

June 29, 2025
State Bank
Business & Stock

Pakistan sees significant rise in digital payments: State Bank

June 29, 2025
file photo
Business & Stock

Petroleum consumers to pay Rs2.50 per litre climate levy from July 1st

June 29, 2025
Next Post
Afghanistan will become biggest man-made crisis if world doesn’t act: PM. (Source: Radio Pak)

Immediate action required as chaos in Afghanistan suits none, says PM Imran at OIC summit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

File photo
Film & TV

Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

by MM News Staff
June 30, 2025
Online/File photo
Prices

Govt end electricity duty from power bills

by MM News Staff
June 30, 2025
File photo
Daily Buzz

Mehr Bano opens up about harassment in the entertainment industry

by MM News Staff
June 30, 2025
File photo
Crime

Swat Tragedy tied to river diversion by land mafia, reveals initial probe

by MM News Staff
June 30, 2025
Photo credit Express News
Uncategorized

US woman travels to Pakistan for her online lover

by MM News Staff
June 30, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

(File Photo)
Top News

Weather forecast for Karachi today

by MM News Staff
June 30, 2025

The Pakistan Meteorological Department (PMD) has predicted partly cloudy and humid weather for Karachi...

Rain

Monsoon showers hit Karachi, more rain expected in coming hours

June 28, 2025
file photo

Showers continue across Karachi, bringing relief from the heat

June 27, 2025
file photo

Will Karachi receive more rain today?

June 27, 2025
See all

Prices

Online/File photo
Prices

Govt end electricity duty from power bills

by MM News Staff
June 30, 2025

Federal Minister for Energy Awais Leghari has formally requested all provincial governments to eliminate...

LGP prices have been slashed ahead of Ramadan. File photo

LPG prices slashed by Rs7.51 per kilogram for July 2025

June 30, 2025
(File)

Gold price increases Rs800 per tola

June 30, 2025

Rs1.15 per unit cut likely in power tariff

June 30, 2025
See all

Transport News

(APP)
Transport

Rs150 billion approved to make Rawalpindi a ‘signal-free’ city

by MM News Staff
June 29, 2025

The Punjab government has approved a record-breaking development package worth Rs.150.0 billion for Rawalpindi...

file photo

Pakistan set to launch train service from Lahore to Russia next month

June 29, 2025
Maryam Nawaz

Maryam Nawaz orders 240 electric buses for South Punjab districts

June 28, 2025

Two planes avoid major accidents following bird strikes at Karachi airport

June 27, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.