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Canada backs energy reforms, ceasefire role | The Express Tribune
Minister says 55% of power mix came from clean sources; hydro expansion, local coal shift planned
Pakistan has stepped up efforts to address the energy security challenge. Photo: file
ISLAMABAD:
Federal Minister for Power Sardar Awais Ahmed Khan Leghari met with Canadian High Commissioner Tarik Ali Khan to discuss energy sector cooperation and investment opportunities, according to an official statement on Wednesday.
During the meeting, the high commissioner appreciated Pakistan’s role in promoting a ceasefire amid recent US-Israel-Iran tensions and thanked the government. Leghari urged Canada to play an active role in ensuring lasting peace in the region.
Discussing the energy sector, the minister said Pakistan achieved about 55% of its energy mix from clean sources last year, reflecting the government’s clear policy direction. He noted that hydropower will be further expanded to provide affordable and sustainable electricity.
The minister said the government is working to reduce dependence on imported coal, and plans are being reviewed to shift imported coal power plants to local coal. Environmental studies are near completion. If found feasible, the transition will be implemented.
He also highlighted that the government is promoting Battery Energy Storage Systems (BESS) at the utility level, and private sector investment is being encouraged. A system is being developed for the safe disposal of solar panel waste.
The high commissioner appreciated these steps and noted that with the growing use of electric vehicles, proper planning for battery disposal is also important.
Leghari said a time-of-use tariff will be introduced soon to promote efficient electricity use, adding that industrial consumers will benefit from lower costs with higher usage during specific hours. He said that about two years ago the power sector was facing serious challenges, but the government stepped back from unnecessary projects. Reforms are now being implemented based on a least-cost and sustainable approach.
The high commissioner said that Canadian company JCM is interested in Pakistan’s energy sector. Leghari said Pakistan offers strong investment potential, especially in a competitive electricity market and transmission infrastructure, and that the government welcomes foreign investment.
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MUMBAI: Some friction, long viewed as a flaw in digital payments, is now being seen as a feature. An RBI discussion paper proposes to introduce a short delay, or “lag”, for high-value transfers above Rs 10,000. This gives customers time to rethink a transaction and cancel it if they suspect fraud. Customers may also be allowed to whitelist trusted payees so that genuine payments are not delayed.Another proposal is to provide stronger protection to vulnerable users such as senior citizens by requiring an additional confirmation from a “trusted person” for large transactions above Rs 50,000. The paper also suggests a “kill switch” to instantly block all digital transactions in case of suspected fraud.Banks are expected to identify suspicious transactions in real time and seek reconfirmation from customers before processing them. They will need to build systems to implement delays, allow cancellations, and generate risk alerts. Banks are also expected to tighten due diligence by linking the level of activity in an account to the customer’s profile. For instance, accounts with low verified income may face limits on how much money they can receive unless additional checks are completed. A key finding is that most frauds now are the result of human vulnerability. The growth of digital payments has amplified this risk.
The project was part of a package of tech investment promising the UK could become an AI superpower.
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