Year: 2023

MoU inked to set up EV stations

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electronic-vehicle

China-Pak JV aims to remove hurdles preventing transition to alternative fuels BEIJING: Pakistan’s Senate Chairman Muhammad Sadiq Sanjrani, along with a delegation, witnessed the signing of a landmark memorandum of understanding (MoU) in Beijing. The MoU, inked on October 25 between TGOOD, a leading Chinese company, and the REC Group of Pakistan, aims to promote environmentally friendly electric vehicles (EVs) in Pakistan. Speaking on the occasion, the Senate chairman said the collaboration had resulted in a strategic partnership aligned with the sustainable green development initiatives set forth by China during…

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Gas tariff hike won’t affect 57pc consumers: govt

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gas-prices

ISLAMABAD: Minister for Energy Muhammad Ali on Thursday said the issue of circular debt in gas sector will be resolved everlastingly as many companies were leaving the country due to losses and circular debt. Addressing a press conference along with Minister for Information and Broadcasting Murtaza Solangi, he said the increase in gas tariffs would not affect 57 percent of consumers across the country rather it would help control and end the ever-increasing circular debt of the petroleum sector. The minister maintains that after the increase in gas prices, circular…

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Solar power PV project: Pakistan organises roadshow in Dubai

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solar-energy

ISLAMABAD: Pakistan has organized a roadshow in Dubai to attract investors for 600 MWp solar power PV project at Kot Addu (Muzaffargarh) with the support of the United States Agency for International Development (USAID) through Power Sector Improvement Activity (PSIA), well-informed sources told Business Recorder. The Government of Pakistan is pursuing the promotion and development of Alternative Renewable Energy (ARE) technologies in the country with special emphasis on solar energy. Owing to technological advancements of solar technology and decline in its prices over the last decade, solar energy is now amongst…

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OICCI launches 2nd Pakistan Climate Conference to propose solutions for Pakistan’s climate emergency

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Climate-Conference

Karachi, 26 October 2023 – The Overseas Investors Chamber of Commerce and Industry (OICCI) unveiled details for the Pakistan Climate Conference (PCC) 2023, scheduled to take place on November 1, 2023. This is the second consecutive year that the OICCI is organizing a multi-stakeholder dialog to propose collective solutions for Pakistan’s climate emergency. Starting from 2022, the Pakistan Climate Conference brings together national and international experts to identify and implement efforts needed to promote positive climate actions and reduce climate change impact in Pakistan. The Pakistan Climate Conference will also…

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Oil edges up

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oil-red

New York: Oil prices rose about one per cent on Wednesday on worries about the conflict in the Middle East escalating. Limiting gains, the United States reported increa­sed crude stockpiles as demand worries stemming from gloomy economic prospects in Europe weigh. Brent futures rose $1.07, or 1.21pc, to $89.14 a barrel at 1:16 p.m. (1716 GMT). US West Texas Interme­diate (WTI) crude rose 69 cents to $83.74.

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