Day: June 5, 2021

Our national railways are apparently going solar. Pakistan Railways recently announced that it is looking to shift 155 railway stations to solar energy. The directive will be taken under the government’s policy to use alternative environment-friendly energy resources. Pakistan Railways Public Relations Director Nazia Jabeen in a statement said that the total cost of the project would be Rs450 million. In the first phase, to be started after the presenting of the federal budget for 2021-22, she said that 81 railway stations would be equipped with backup of 8 hours…

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Innovations are constantly occurring in every industry, but every once in a while, we see a disruptive innovation entirely transform a complicated product. It is often a simpler, more affordable, and accessible solution that revolutionizes the market. We saw this with the advent of cheap transistor radios in the 1950s, as they ushered the era of portable electronics, and then again in 2007 when smartphones, as we know them, were launched and further democratized access to information. 14.5 billion Smartphones have been sold since 2007, disrupting not just the telecommunications…

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Even giants like the United States and India have had difficulty dealing with the coronavirus pandemic. Donald Trump, Dwayne Johnson, and Ellen DeGeneres have all been infected by this virus. In this situation, Pakistan has succeeded in reviving its economy, which is expected to grow by nearly 4% in 2021, exceeding initial projections. The State Bank of Pakistan (SBP) initially predicted a 3% growth in GDP, while the International Monetary Fund (IMF) and World Bank predicted 1.5% and 1.3% increases, respectively. The country’s per capita income will rise 14.6% from $1,405 in 2020 to $1,610 in 2021. The services sector,…

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The government has completed the first payment transaction of 40 per cent to 20 Independent Power Producers (IPPs) amounting to Rs89.2 billion equally divided in cash 5 years’ Sukuk and 10 years’ PIBs. “In compliance with the directives of the Prime Minister and under guidance of the Finance Minister, the government has completed the first payment transaction of 40 per cent to 20 IPPs amounting to Rs. 89.2 billion equally divided in cash 5 years’ Sukuk and 10 years’ PIBs,” Ministry of Finance stated on Friday. Finance Division has completed…

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Policymakers are under immense pressure to deliver on promises made as part of the Paris Agreement, a landmark accord widely recognized as critically important to avoid the most devastating impact of climate change. Almost 200 countries, including Russia and Saudi Arabia, ratified the Paris climate accord in 2015, agreeing to pursue efforts to limit the planet’s temperature increase to 1.5 degrees Celsius above pre-industrial levels. The agreement requires net-zero greenhouse gas emissions by 2050. Remarkably, the IEA — the world’s leading energy advisor — delivered its starkest warning yet on…

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