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October 13 blackout: What went wrong?

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Several parts of Pakistan, mainly Sindh, Punjab and Balochistan, were left without power after a fault was detected in the national grid’s southern transmission system last week on October 13.

It took the authorities several hours to restore the transmission system across Pakistan and the electricity supply returned to normal almost 24 hours later.

Following this, the National Transmission and Despatch Company (NTDC) formed a committee to probe the reasons behind the “partial blackout”.

A four-member committee was formed with NDTC’s General Manager (Technical) Lahore Muhammad Mustafa as its convener, while General, Manager (AM) North Lahore Anwar Ahmed Khan, Chief Engineer (TSG) North Lahore Muhammad Ijaz Khan, and Chief Engineer (OP) NPCC Islamabad Muhammad Zakaria Member were its members.

A handout from the Power Division Wednesday said that the NTDC’s committee has determined the reasons behind the blackout and the Ministry of Energy is taking immediate disciplinary action in light of the report.

The statement mentioned the following reasons:

  • The first reason for the blackout is the nondurable and sub-standard work done on Tower No 26 of Karachi’s nuclear power plants K-2 and K-three three years ago — in 2019.
  • The failure of the delivery system calls into question the quality of the equipment used in 2019 and the efficiency of the workers. The connectors used on it were not made for the transmission line but were modified and used for this temporary interconnection.
  • The project team used 25-year-old dilapidated conductors in 2019 at Tower No. 26, 26-A and 27.
  • In 2019, despite the sensitivity of nuclear power plants, it was not regularly repaired and maintained as per the prescribed standards.

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Islamic Sukuk Bonds: Government Is Expected To Begin Bond Auction Next Week

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There is now more positive economic news for the people of Pakistan. The government is anticipated to begin the Sukuk Islamic Bond auction next week, after the central bank’s announcement of a large drop in the policy rate.

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SIFC Encourages Green Tourism: Reforming Visas to Increase Investment

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Enhancing investment in the tourism sector, Green Tourism Pakistan’s initiative has received backing from the Special Investment Facilitation Council.

Visa-On-Arrival for 126 countries, Visa-Free Entry for Gulf Cooperation Council nations, and 24-hour expedited visa processing are some of the main features of the Green Tourism Visa Policy.

It is anticipated that these endeavors will draw in about 80 million dollars in foreign direct investment and 8.3 billion rupees in domestic investment.

Green Tourism Private Limited has introduced hunting resorts in Naltar, Hunza, and Skardu, along with four- and five-star city hotels, to improve the tourism experience.

In the first phase of the project, 17 of the 78 areas have seen the start of development activity.

Approved is a central authority for Green Tourism that will supervise the growth of Air Operations.

To promote Religious Tourism, extra precautions have been taken to guarantee the security of visitors from all religions, including Sikhs and Buddhists.

Furthermore, in order to improve the quality of the tourist experience, the green guide quality program has been introduced to supply top-notch tour guides.

There is now a deluxe bus excursion from Islamabad to Peshawar that promotes local culture.

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July 2024 export data from Pakistan shows a significant rise.

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The Strategic Investment Facilitation Council (SIFC) has been instrumental in improving Pakistani products’ access to international markets, as seen by the significant surge in exports from the country at the start of the 2024–25 fiscal year.

With a 7.26% rise over the same month the previous year, July 2024 exports to the US were $476.017 million. After increasing by 7.74% annually, the United Arab Emirates emerged as the second-largest export destination.

The third and fourth places were occupied by exports to the UK ($183.303 million) and China ($60.100 million). A substantial increase in exports to Afghanistan was recorded in July of this year, rising from $46.262 million to $88.065 million, largely due to successful anti-smuggling efforts.

With a combined export volume of $553.951 million, more important export destinations included Germany, the Netherlands, Italy, Spain, Saudi Arabia, and Turkey.

A bright future for the national economy is suggested by the growing confidence major international markets have in Pakistani exports. Through the efforts of SIFC and the government, this greater access to global markets has been made possible.

Pakistan’s economy is predicted to remain stable as a result of the export growth that SIFC has enabled.

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