The Asia-Pacific Group (APG) on Money Laundering has rated Pakistan’s level of effectiveness as ‘low’ on 10 out of 11 international goals on anti-money laundering and combating the financing of terror (AML/CFT), even though the country is now compliant on 38 out of 40 technical recommendations. The Sydney-based regional affiliate of the Financial Action Task Force (FATF) released an update, as of Sept 2, on the rating of its regional members suggesting that Pakistan had a ‘moderate level of effectiveness’ on only one out of 11 outcomes. Under this ‘immediate…
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Heat pumps can cut your energy costs by up to 90%. It’s not magic, just a smart use of the laws of physics
Heat pumps are becoming all the rage around a world that has to slash carbon emissions rapidly while cutting energy costs. In buildings, they replace space heating and water heating – and provide cooling as a bonus. A heat pump extracts heat from outside, concentrates it (using an electric compressor) to raise the temperature, and pumps the heat to where it is needed. Indeed, millions of Australian homes already have heat pumps in the form of refrigerators and reverse-cycle air conditioners bought for cooling. They can heat as well, and…
Read More6000MW solar projects: mapping deadline issued
Prime Minister’s Office (PMO) has given the deadline of a couple of weeks for mapping 6000-MW solar projects across the country and proposed tariff along with indexation to attract international investment. These directions were issued at a meeting on September 5, 2022, presided over by Special Assistant to Prime Minister on Effective Governance, Dr. Jehanzeb Khan, a close relative of Azam Khan, who was secretary in the government of Imran Khan. The meeting was attended by MD PPIB, Director AEDB, Joint Secretary Finance Ministry, senior energy specialist of World Bank,…
Read MoreMeet Äager in Dubai, at ADIPEC 2022
Äager is an innovative environmental process, emission & air pollution controlequipment manufacturing and engineering company, participating at ADIPEC2022 between October 31 to November 3 in the 13th hall, at the GermanPavilion.Hosted by the Abu Dhabi National Oil Company (ADNOC), ADIPEC is the world’smost influential gathering for energy industry professionals. This year ADIPECwill accelerate the energy transition and unlock real value in a decarbonizedfuture. Ground-breaking technologies will be introduced to the sectors, andexploring actionable strategies and solutions to the challenges and opportunitiescreated by complex global energy market dynamics will be the…
Read MoreA Dealers demand say in fuel deregulation
Petroleum dealers on Saturday warned the government of a countrywide strike if the latter tried to railroad the proposed oil sector deregulation plan without bringing them and other stakeholders on board, The News has learnt. “We will reject the decision, if taken behind our back,” said Abdul Sami Khan, Chairman Pakistan Petroleum Dealers Association (PPDA), at a ceremony. “It is seriously ironic that OGRA (Oil & Gas Regulatory Authority) has so far not consulted the dealers regarding the proposed deregulation of prices of petroleum products.” He said the dealers would…
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