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.…
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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…
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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…
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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…
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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…
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Karachi (June 04, 2021): On the occasion of World Environment Day, Coca-Cola reiterated its commitment to protect natural ecosystems across Pakistan as part of its sustainability agenda for which Water, Waste and Women are the three core focus areas. Over 10 million beneficiaries have been positively impacted by the company’s interventions through water stewardship, 85 percent of plastic waste is collected…
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WORLD Environment Day today has kick-started a decade of ecosystem restoration. As a global host for World Environment Day, 2021, it is an important opportunity for Pakistan to revisit environmental priorities that it has followed for the last 50 years and reset the direction for the decade ahead. The 1972 Stockholm Declaration inspired Zulfiqar Ali Bhutto to begin Pakistan’s environmental…
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The National Electric Power Regulatory Authority (Nepra) intends to enhance the renewable energy footprint to 30 per cent over the next 10 years from the current 3pc of Pakistan’s overall generation capacity of over 35,000MW, Nepra Chairman Tauseef H. Farooqi said on Friday. Addressing a live webinar on “Pakistan’s Energy Transition and the Road Ahead” hosted by K-Electric and Nepra,…
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ISLAMABAD: The government on Friday completed Rs89.2 billion transactions as the first instalment of payments to 20 independent power producers (IPPSs) from the Rs403bn committed under a settlement agreement with 46 IPPs signed in February. Payment to other IPPs suffered delay as the National Accountability Bureau (NAB) had decided to examine the deal. “The government has completed the first payment…
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The National Electric Power Regulatory Authority (Nepra) on Friday allowed K-Electric to charge an additional fuel cost adjustment (FCA) of average 26 paisa and 10 paisa per unit in June and July, respectively from its consumers to add about Rs500 million to its revenue. The regulator has worked out the increase in rates on the basis of seven months (June…
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