Year: 2021

UAE energy firm TAQA plans to expand its renewables portfolio

Admin

DUBAI: United Arab Emirates power producer Abu Dhabi National Energy Co. (TAQA) announced on Wednesday plans to increase its renewable energy assets, in a shift away from reliance on oil. TAQA said in a statement that by the end of the decade more than 30% of its power generation would come from renewable sources such as solar, up from 5% today. Energy companies around the world are shifting towards renewable energy amid concerns about the long-term future for the oil industry as economies transition away from fossil fuels and pressure…

Read More

Resolving crises: Expert suggests cut in interest rate, energy tariffs

Admin

KARACHI: “If we have to seriously pull out the country from crises, two radical decisions have to be made, reduction in interest rate up to 4 percent and cut in electricity and gas tariffs,” said economic and financial analyst Ateeq Ur Rehman. In January, SBP stated that it will maintain the basis point at the current level of 7 percent until the economy gets back to full capacity, further it will remain unchanged for inflation, economic activities and support to businesses. Therefore, SBP maintained the basis point for next two…

Read More

Seminar on business Reponses to Covid-19 pandemic Need to wear face mask, observe other safety precautions doesn’t end even after vaccination against Covid-19: Dr Abdul Bari Khan

Admin

The compulsory need to wear a face mask and observe other safety precautions against the coronavirus doesn’t end in the present times even after getting vaccinated against the deadly viral disease.Chief Executive Officer of Indus Hospital Dr Abdul Bari Khan stated this as he delivered the keynote speech at a seminar titled “Business responses to Covid-19 pandemic” organised by the National Forum for Environment and Health (NFEH).He said that observance of the safety precautions against the deadly infectious disease remained compulsory even after vaccination as the human body required some…

Read More

Locally manufactured solar panels set to roll out

Admin

PESHAWAR: Haunted by its power crisis, Pakistan is all set to roll out its first locally manufactured solar power panels. The production of the third-generation solar power panels by a department of the University of Engineering and Technology, is all set to start next month. “We are launching our production and will deliver our first order for generating 2MW power very soon,” said Dr Najeeb Ullah, who leads the research at the university. According to Dr Najeeb, the country currently generates 6% of the total power from wind and solar…

Read More

Gwadar holds seminar on blue economy

Admin

A one-day seminar titled “Gwadar Development and the Growth of Blue Economy in Pakistan” was held at the Pak-China Business Centre in Gwadar on Monday. The seminar was organised by Friedrich Ebert Stiftung Pakistan in collaboration with Parliamentary Committee on the China Pakistan Economic Corridor. The dialogue was attended by members of the National Assembly, Provincial Assembly, Gwadar Development Authority, Gwadar Port Authority, Civil and District administration officials, GOC 44 Division, Commander West Rear Admiral Sajjad, civil society members, students and faculty members of different universities. The chief guest Sher…

Read More