Performance in SDG sectors: Pakistan lags behind its emerging market peers: IMF

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Pakistan’s performance in critical Sustainable Development Goals (SDGs) sectors including education, water and sanitation lags that of its emerging market peers and achieving its SDGs by 2030 would require nine percent of the GDP in additional financing each year, says the International Monetary Fund (IMF). The IMF in its latest report, “A Post-Pandemic Assessment of the Sustainable Development Goals” stated…

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14 ARE projects to start commercial operation by December

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As many as 14 Alternative Renewable Energy (ARE) projects with accumulative capacity of 670 MW would start commercial operation by December. Official sources told APP here on Thursday that these projects included mostly wind and solar based power projects. Sharing the details, they said that 50 MW each Lakeside Energy Pvt Ltd (Jhampir), Artistic Wind Power Pvt Ltd, Liberty Wind…

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Climate change crisis: more talk than action

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This is a dire warning that the economic recovery from the Covid crisis is currently anything but sustainable for our climate… Unless governments around the world move rapidly to start cutting emissions, we are likely to face an even worse situation in 2022.’ – Fatih Birol, Executive Director, International Energy Agency (IEA) The world saw widespread lockdowns in 2020 due…

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Petrol price in Pakistan may increase from May 1: sources

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The price of petrol and diesel in Pakistan may increase from May 1, sources told Geo News on Friday.  The price of petrol may increase by Rs5.75 per litre while the price of diesel may increase by Rs6 per litre, said sources.  The Oil and Gas Regulatory Authority (OGRA) has forwarded a summary to the Petroleum Division. In it, the recommended prices…

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Pakistan’s weight may remain around 0.02pc in MSCI EM

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Pakistan’s weight is likely to remain around 0.02 percent in MSCI EM in the MSCI May 2021 Semi Annual Index Review, experts said. MSCI will be releasing the results of the MSCI May 2021 Semi-Annual Index Review on May 11, 2021. Announcement is expected to be made available shortly after 11pm Central European Summer Time (CEST), ie, 02am Pakistan Standard…

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