Metro Installs the First Ever Electric Vehicle Charging Station

September 2021: In another first, METRO Pakistan reaffirms its commitment towards “Environment Sustainability” and being a responsible business by installing first ever Fast Charging Station for Electric Vehicles (EV) at any retail store in Pakistan. The Electric Charging Station was inaugurated by Mr. Marek Minkiewicz, Managing Director, METRO Pakistan Private Limited and Mr. Ahmad Najeeb, Chief Executive Officer, Albario Engineering Private Limited (AEPL) at METRO Thokar Niaz Beg Store in Lahore. The ABB Terra 54 presents an opportunity for the people of Lahore and those visiting to charge their Electric…

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LPG price may witness Rs19/kg cut

The Petroleum Division is making efforts to ensure a cut of approximately Rs19 per kilogramme in the price of liquefied petroleum gas (LPG) through giving relief in taxes imposed on LPG price whereas the upcoming economic coordination committee (ECC) of the Cabinet will take a decision in this regard. According to sources, the petroleum division has forwarded a summary titled “Fiscal incentives for the stabilisation of liquefied petroleum gas prices” to the ECC for consideration and approval. They confirmed that Minister of Energy Hammad Azhar has seen and authorised the…

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Universities combine to streamline critical mineral mining

Curtin University and the Australian National University (ANU) have joined forces to help Australian mining companies better identify, characterise and extract critical minerals with a focus on sustainability. The two universities will combine their expertise and research to assist the industry with ore body characterisation, education and training. The joint work will not only allow enhanced extraction of these materials, but ensure it is environmentally sustainable to ensure the long-term viability of Australia’s minerals industry. ANU deputy vice-chancellor Keith Nugent said researchers will use their expertise in 3D modelling and…

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Around five million Chinese nationals to be working in Pakistan by 2025

There would be around five million Chinese nationals working in Pakistan by 2025 whose health needs can only be met by enhancing collaboration between Pakistani and Chinese medical universities, research institutes and biotechnological firms under the China Pakistan Health Corridor (CPHC), a senior Pakistani public health expert said on Tuesday. In order to meet the health needs of millions of Chinese nationals working in Pakistan, Afghanistan and Central Asian States, we need to have specialised health facilities, based on both modern and traditional treatment systems. This can only be achieved…

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Climate change adaptation is critical for Pakistan, Naheed S. Durrani

The climate change adaptation is a critical concern for developing countries and in particular for Pakistan owing to the fragility of its ecosystems and its vulnerability to the impacts of climate change, said Naheed Shah Durrani, Secretary Ministry of Climate Change while addressing two-day workshop on launch of National Measurement, Reporting and Verification (MRV) System for GHG Inventory and M&E Adaptation Tracking System (initially for agriculture) in Islamabad today.She said that building resilience to climate change is a key focus of National Climate Change Policy of Govt of Pakistan and…

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Govt Resolved to Assist KE Meet Growing Power Demand

The federal government is resolved to work with K-Electric (KE) to address the power challenges in Karachi keeping in mind the growing power demand of the city, a minister said. It’s good to see a concerted effort being made by KE to meet Karachi’s power demands,” said Ali Zaidi Minister for Maritime Affairs during his visit to K-Electric’s Bin Qasim Power Station 3 (BQPS-III). “It’s also encouraging to note that this plant will be running on RLNG which is environmentally friendly, and the additional power will boost industrial productivity and…

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SAPM Tabish Gauhar ‘quits’

This is the third resignation by technocrats in the energy sector in a row since the PTI government assumed power. Tabish Gauhar had earlier tendered resignation and went to Dubai in protest because of meddling into the power sector affairs by the-then SAPM on Petroleum Nadeem Babar, but he came back on the intervention of the prime minister on January 12, 2021. First, SAPM Syed Shahzad Qasim resigned and then SAPM Nadeem Babar was asked to resign because of the petrol crisis. Now SAPM Tabish Gauhar was told to tender…

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PC puts off Decision on HEC sale

The commission board has given two minimum floor rates to the Cabinet Committee on Privatisation (CCOP) for taking a decision, said an official of the privatisation ministry after the meeting. It has recommended setting the minimum price at Rs22.3 per share by giving a 7.5% discount on the three-month weighted average price of PRCL. The second option is that the minimum floor price should be Rs26 per share subject to the government’s commitment to declare 75% of the after-tax profit as dividend for the next three years. “After deliberations, the…

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Power production hits all-time high

Pakistan hit an all-time high power production level at 16,078 Gigawatt hours (GWh) in a month in August on the back of strong demand for energy from industries amid expansion and households adding appliances and gadgets in their daily usage. The growth in electricity generation is in line with the government’s policy to make maximum utilisation of the surplus power production capacity available in the country, as the excessive installed capacity is causing rise in the circular debt. Unfortunately, the positive development is achieved at a higher cost. The significant…

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Pakistan GDP to grow at 4.2pc: report

The growth forecast accounts for the occasional tightening of Covid-19 restriction measures due to the still elevated number of domestic cases. This comes as Pakistan grapples with its fourth wave of Covid-19 outbreaks. Nevertheless, with the government likely to continue with its “smart-lockdown” strategy instead of imposing a nationwide lockdown, the company did not expect Pakistan’s growth trajectory to be severely curtailed. Fitch Solutions also revised its forecast for private consumption to grow by 3.6pc in FY22 compared to 3.4pc previously. While this still represented a slowdown from the 7.4pc…

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