Day: June 13, 2021

The special report — carried out in collaboration with the World Bank and the World Economic Forum — sets out a series of actions to enable these countries to overcome the major hurdles they face in attracting the financing to build clean, modern and resilient energy systems that can power their growing economies for decades to come. Annual clean energy investment in emerging and developing economies needs to increase by more than seven times — from less than 150 billion dollars last year to over 1 trillion dollars by 2030…

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Unilever Pakistan and Green Earth Recycling Pakistan have joined hands to announce an initiative through which they will collect and repurpose plastic waste into sustainable furniture. The company has joined hands with Green Earth Recycling’s as its business model is based on converting plastic waste into useful ‘recycled plastic furniture’, giving the plastic a second life by processing a combination of waste plastic material and powerful technology. The company’s sustainably-made furniture is resistant to natural damage and helps save trees while reducing solid plastic waste. This partnership with Green Earth…

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KARACHI: In a major breakthrough, K-Electric and Pakistan LNG Limited (PLL) have entered into an initial Gas Supply Agreement (GSA) for the supply of 150mmcfd RLNG for K-Electric’s flagship 900MW power plant at Port Qasim (BQPS-III). The GSA will be executed promptly after the approval of the Oil & Gas Regulatory Authority (Ogra), sources at KE told the Business Recorder. “The GSA has been finalized and initialed by KE’s CEO Moonis Abdullah Alvi and PLL’s Managing Director Masood Nabi on June 4, 2021,” they said. Once fully operational, the $650…

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As the Budget 2021-2022 was presented in the National Assembly on Friday, one thing was clear: the government was aiming to please as much of the population as it could. Earlier in the day, Prime Minister Imran Khan had said “everyone would be happy” with the budget and the reduction of taxes on several industries seemed to reflect that. The budget included exemptions and relief measures for nearly all industries, and new businesses and products being brought into the tax net seemed far fewer in comparison. The automobile sector was a heavy…

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