Mari Petroleum seeks to acquire Fauji’s wind power projects

Ah, Big Oil. The term is technically used to describe the world’s seven largest publicly traded oil and gas companies, including BP, Shell, and ExxonMobil. But the term is also used pejoratively, to describe influential lobby groups, particularly in the US political system. These groups often have a blatant disregard for the environment, and for the laws that protect our planet. However, corporations do respond to one thing: public perception. Witness, for instance BP (formerly known as British Petroleum), try to promote conversations about the carbon footprint in the 2000s. Witness also…

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Govt asked to devise water conservation plans to cope with freshwater crisis

KARACHI: Speakers at a media workshop held on Wednesday at a local hotel warned that growing population and continued discharge of industrial and domestic waste into the environment coupled with increased extraction of groundwater were worsening the freshwater crisis in Pakistan, urging the government to come up with water conservation strategies. The event was organised under a World Wide Fund for Nature-Pakistan (WWF-P) project titled International Labour and Environmental Standards (ILES) Application in Pakistan’s Small and Medium Enterprises (SMEs). The project is currently being implemented in Karachi, Lahore, Faisalabad and…

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$3bn loss every year over non-compliance of the global treaties

KARACHI: Rapid urbanization, over-population, industrial pollution and lack of storage facilities are aggravating freshwater availability in Pakistan. Mismanagement of rainwater mainly during the monsoon season along with other factors are also contributing to the water Scarcity This was stated by speakers during a media briefing workshop organized under WWF-Pakistan’s International Labour and Environmental Standards (ILES) Application in Pakistan’s Small and Medium Enterprises (SMEs) project held here at a local hotel on Wednesday.Speakers suggested that Pakistan has agro-based economy so it’s important that integrated water resource management, rainwater harvesting, water recycling…

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Circular debt of power sector touches Rs2.3tr, PAC told

ISLAMABAD: The Public Accounts Committee (PAC) on Monday was informed that that country’s circular debt of the power sector had reached at Rs2.3 trillion till now and the record increases witness in circular debt of Rs1.139 trillion, which is almost double in last two years of the PTI government. It was informed that an increase of Rs116 billion was witnessed in last three months, while in first six months of fiscal year 2018-19, it was increased by Rs288 billion and Rs198 billion in last six months of the fiscal year…

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PM’s directives disregarded: ECC decides to slash industrial power tariff by 30pc

ISLAMABAD: While disregarding the directives of the prime minister for reducing the power tariff for industrial sector, especially for Small and Medium Enterprises (SMEs) by 50 percent, the ECC on Monday decided to partially reduce the power tariff in the range of 25 to 30 percent. The ECC left its final approval with the cabinet that is scheduled to meet on Tuesday (today) under the chairmanship of Prime Minister Imran Khan for the final decision. The ECC has also directed the Power Division to fine-tune categories of its different slabs…

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