Month: May 2021

A brief rebound in global coal trade?

Admin

Recent signs point to a pickup in world seaborne coal trade during 2021. But it seems unlikely that the strengthening will fully reverse last year’s huge decline, and there appears to be limited potential for continued recovery next year. A sustained downdraft from environmental influences is predictable, implying a declining longer term trend in global trade volumes. The global coal trade rebound unfolding this year is reinforcing the impact of upturns in other dry bulk commodity movements. It is assisting the bulk carrier freight market to perform strongly. The extra…

Read More

ECC all set to consider KE-public sector entities AA

Admin

The Economic Coordination Committee (ECC) of the Cabinet is all set to consider draft Arbitration Agreement (AA) between Karachi Electric (KE) and other public sector entities, as things are moving expeditiously after the visit of Prime Minister to Saudi Arabia. Last Sunday, Minister for Energy, stated “Federal Government and KE have agreed upon principles to resolve longs standing disputes”. He referred to additional supply, payment procedure and subsidy disbursements but not to the Arbitration Agreement in spite of claims worth multi-billion rupees of Government parties for and against KE. Sharing…

Read More

No New Fossil Fuel Projects For Net-zero: IEA

Admin

:All future fossil fuel projects must be scrapped if the world is to reach net-zero carbon emissions by 2050 and to stand any chance of limiting warming to 1.5C, the International Energy Agency said Tuesday. In a special report designed to inform negotiators at the crucial COP26 climate summit in Glasgow in November, the IEA predicted a “sharp decline in fossil fuel demand” in the next three decades as well as a 2040 deadline for the global energy sector to achieve carbon neutrality. The Paris-based think tank called for a rapid and vast ramping up of renewable energy…

Read More

Pakistan to get support from ADB for building climate disaster resilience

Admin

Pakistan will get support from the Asian Development Bank (ADB), under its Country Partnership Strategy with Pakistan (2021–2025), to build liveable cities and climate and disaster resilience for mitigating climate change challenges and their negative impacts on agriculture and other sectors of the national economy. The bank in its Climate Risk Country Profile Pakistan has projected rises in the annual maximum and minimum average temperature, which would likely amplify the pressure on human health, livelihoods, and ecosystems. The city governments will be encouraged to explore new sources of funding to…

Read More

The truth and national reconciliation commission for Balochistan

Admin

Balochistan is the largest province of Pakistan in terms of area but unfortunately the most economically backward. It joined the Union of Pakistan voluntarily through a genuinely signed agreement. The most crucial and urgently required ‘Truth and National Reconciliation Commission’, is undeniably essential, to some extent indispensable, for this region, which is strategically located, straddling the volatile uplands of Eastern Iran and the South of Afghanistan. There have been numerous insurgencies here in this vast region with scant infrastructure since Pakistan was founded, which has challenged the nation’s fragile security…

Read More