Year: 2024

Pakistan to Import 12,000 MW of Solar Panels as Part of Renewable Energy Push

Admin
solar-powe

ISLAMABAD: Pakistan is set to import 12,000 megawatts of solar panels this year as part of its efforts to increase reliance on renewable energy, the Senate Standing Committee on Climate Change revealed during a meeting chaired by Senator Sherry Rehman. The committee discussed the Pakistan Trade Control of Wild Fauna and Flora (Amended) Bill 2024, with PPP Senator Shahadat Awan advocating for wildlife concerns to be addressed in relation to human life. The Ministry of Climate Change also outlined plans to have 30% of vehicles in Pakistan powered by electricity…

Read More

Karachi’s Business Leaders Demand Immediate Action on Deteriorating Infrastructure

Admin
Business-Leaders

KARACHI: Economists, architects, traders, and business leaders have urged the Chief Justice of the Sindh High Court (SHC) and the Sindh government to address the city’s crumbling infrastructure, overflowing sewerage, and rampant pollution, which have severely impacted business districts and markets. Speaking to The Express Tribune, they criticized the city’s governing bodies, including the Karachi Metropolitan Corporation (KMC) and other development authorities, for widespread corruption, mismanagement, and inaction. They called for a comprehensive master plan to rebuild the damaged roads, control encroachments, and repair the collapsed sewerage system. Architect Arif…

Read More

Early Agreement Terminations Prompt Emergency IPP Board Meetings

Admin
power-supply

KARACHI: With the government preparing to prematurely terminate key agreements this month, several independent power producers (IPPs) have called emergency board meetings to address the situation. Hub Power Company Limited (Hubco) announced in a stock filing on Wednesday that its board of directors would hold an urgent meeting on Thursday to review the early termination terms of its implementation, power purchase, and fuel supply agreements, along with the associated guarantees. These agreements were originally set to expire in March 2027. Lalpir Power Limited also notified the Pakistan Stock Exchange of…

Read More

Saudi Delegation Arrives to Strengthen Trade and Investment Cooperation with Pakistan

Admin
Saudi-Delegation

ISLAMABAD: A high-level Saudi delegation, led by Minister for Investment Sheikh Khalid Bin Abdul Aziz Al Faleh, arrived in Islamabad on Wednesday for a three-day official visit aimed at enhancing trade and investment ties between Saudi Arabia and Pakistan. Federal ministers Abdul Aleem Khan (Board of Investment, Privatisation & Communications), Jam Kamal Khan (Trade), and Mohammad Musadik Malik (Petroleum), along with senior officials, welcomed the Saudi minister at Islamabad Airport. During the visit, both nations are expected to sign multiple trade agreements and Memorandums of Understanding (MoUs). The Saudi delegation…

Read More

Fuel Prices Set to Increase Amid Middle East Crisis

Admin
oil-and-gas

ISLAMABAD: After five consecutive reductions, petroleum prices are expected to rise again due to surging global prices driven by the ongoing Middle East conflict. According to official sources, petrol and high-speed diesel (HSD) prices may increase by approximately Rs5.50 and Rs13 per litre, respectively, starting from October 16. This hike follows a notable rise in international rates, with petrol prices climbing by $2.8 per barrel and HSD by $7 per barrel over the last two weeks. The price of petrol in the international market has risen from $76 to almost…

Read More