Day: October 25, 2022

China will install 52.6 gigawatts of photovoltaic capacity in the first nine months of 2022

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For the year as a whole, NEA had already declared in June that it was expecting at least 108 gigawatts of photovoltaic capacity to be added. This could almost double the record from 2021 with just under 55 gigawatts. Given the current nine-month additions, the restrictions imposed by the Zero Covid policy seem to jeopardize the achievement of the goal. In view of the complex market situation, AECEA continues to assume that between 80 and 90 gigawatts will be added in China in 2022. This would also be an increase of between 45 and…

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World’s Top Oilfield Service Provider Schlumberger Rebrands To SLB

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Schlumberger (NYSE: SLB) is known as of Monday under its new name—SLB—to reflect its transformation from an oilfield services provider to a global technology company helping the energy transition, the world’s largest oilfield services provider said in a statement today. By rebranding to SLB, the company is dropping the family name of its founders, brothers Conrad and Marcel Schlumberger, who founded the firm in France in the 1920s. “Beginning today, the legacy Schlumberger brand and nearly all of its affiliated brands will become one under the new SLB brand, which introduces a refreshed visual…

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Pakistan proposes to include climate change sector in CPEC

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Pakistan on Monday proposed the inclusion of “Water Resources Management & Climate Change” as new area of cooperation under the framework of China Pakistan Economic Corridor (CPEC) for efficient water resources management, development of climate resilient infrastructure. The proposal was made in the third meeting of Joint Working Group (JWG) between the government of Pakistan and People’s Republic of China was held here on Monday to review the long-term plan of China Pakistan Economic Corridor (CPEC). The meeting was co-chaired by Secretary Ministry of Planning Development & Special Initiatives Syed…

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Governance issues blamed for ‘duality’ in power structure

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Governance weaknesses and problems in Pakistan are direct outcome of prevalent duality in its power structure, run by different de jure as well as de facto entities. This duality bearing on civil and military establishments, in non-compliance with constitutional obligations, has thrown the democratic political system out of equilibrium. This aspect of the political system, along with several others, was discussed in the Grand National Dialogue on Pakistan’s political system and governance, organised jointly by the Institute of Policy Studies (IPS), Islamabad, and the Islamabad Policy Research Institute (IPRI). The…

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$1.5 billion BRACE programme will provide timely liquidity to Pakistan: ADB

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Officials from the Asian Development Bank (ADB) said on Monday that its $1.5-billion Building Resilience with Active Countercyclical Expenditures (BRACE) programme will provide timely liquidity to Pakistan and help mitigate the immediate impact of exogenous shocks. In a meeting with Prime Minister Shehbaz Sharif, they said that the funding will also allow the government to roll out its relief and recovery package to the flood victims. “This will increase social protection, enhance food security and aid in employment of flood-affected people,” they said. “It will also provide critical support to…

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