Month: May 2024

Pakistan Seeks Investment Boost as Saudi Delegation Arrives

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Saudi-Delegation

A significant Saudi delegation, led by Deputy Investment Minister Ibrahim Almubarak, has landed in Islamabad for a three-day visit focused on exploring investment opportunities. Pakistan is keen on attracting foreign investments, particularly from Saudi companies, to bolster its exports and economic growth. The delegation received a warm welcome from Commerce Minister Jam Kamal and Petroleum Minister Musadik Malik upon arrival at the Nur Khan airbase, as reported by the Ministry of Commerce. The visit aims to strengthen trade ties and identify investment prospects across various sectors of the Pakistani economy.…

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Power Cement Inks Agreement With Solar Company to Build 9.6 MW Wind Power Plant

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Power Cement Limited (PSX: POWER) has signed a term sheet with Burj Solar (Private) Limited (Burj Solar) for the development and financing of a 9.6 MW wind power project at the Company’s premises, the cement producer told the main bourse on Friday. “This project is an effort to reduce our reliance on fossil fuels and promote sustainable development,” the stock filing stated. Salient features of the term sheet include the following: Power Cement Limited’s principal activity is manufacturing, selling, and marketing of cement.

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UK’s 1st waterless hydro-energy storage to offer 2.5 times more power

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RheEnergise, a UK-based energy startup developing new high-density hydro storage technology, is setting up a 500 kilowatt (kW) demonstrator at a mining site near Plymouth. The first-of-its-kind facility aims to help decarbonize the site’s energy consumption and is supported by the government’s Longer Duration Energy Storage (LODES) Demonstration Programme.  Water-based energy storage isn’t a radically new concept. Additional power generated from renewable energy plants can be used to pump water up from a lower reservoir to one located at a higher level.  When the energy supply is low, water from…

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President Zardari Appoints New Governors for Punjab, KP, and Balochistan

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President Asif Ali Zardari has formally approved the appointment of new governors for three vital provinces of Pakistan, namely Punjab, Khyber Pakhtunkhwa (KP), and Balochistan. Faisal Karim Kundi, a prominent figure in the PPP, has been designated as the governor of Khyber Pakhtunkhwa, while Salim Haider Khan, also from the PPP, has been chosen as the governor of Punjab. Additionally, Jafar Khan Mandokhel has been appointed as the governor of Balochistan. Faisal Karim Kundi, hailing from Dera Ismail Khan, is set to take the oath as the 36th governor of…

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Federal Govt Establishes National Cyber Crime Investigation Agency (NCCIA)

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The federal government has taken a significant step in combating cybercrime by establishing the National Cyber Crime Investigation Agency (NCCIA). NCCIA heralds a focused effort to address cybercrimes proliferating on the internet and social media platforms, according to media reports. According to the ordinance, all employees currently serving in the FIA Cyber Wing will be seconded to the newly formed agency for a period of one year. The agency will operate within the framework provided by the Cyber Crime Act and will undertake the investigation of cases and inquiries previously…

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