Day: June 25, 2025

Pakistan & US Host Webinar to Promote Investment in Pakistan’s Mining Sector Amongst American Investors

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Pakistan-US

ISLAMABAD, June 25, 2025 This direct line virtual event was hosted together by Federal Minister of Energy (Petroleum Division) Ali Pervaiz Malik and U.S. Chargé d’Affaires to Pakistan H.E Natalie Baker at Oil & Gas Development Company (OGDCL) Head Office in Islamabad. The webinar brought together senior officials from Pakistan’s Ministry of Energy (Petroleum Division), leading Pakistani mineral and energy companies, representatives of the Special Investment Facilitation Council (SIFC), and top USA diplomats and energy sector stakeholders. Secretary Petroleum Mr. Momin Agha, MD OGDCL Mr. Ahmed Hayat Lak, Managing Directors…

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Global100RE Calls for Urgent Shift to Renewables on World Renewable Energy Day 2025

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World-Renewable

BONN: On the occasion of World Renewable Energy Day 2025 (World REnewDay), observed during the UN Climate Change Conference SB62 in Bonn, the Global 100% Renewable Energy Platform (Global100RE) issued a powerful call to action: the world must accelerate its transition to renewable energy amid the worsening climate emergency. While global temperatures show alarming signs of breaching the 1.5°C threshold, some governments and institutions continue to push for expanded fossil fuel use. In contrast, Global100RE emphasizes that renewable energy—particularly solar and wind—is abundant, accessible, and capable of meeting all global…

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Sindh Energy Minister, Foundation Solar Energy Discuss Major Solarization Initiatives

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Nasir-Shah

KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah held an important meeting with a senior delegation from Foundation Solar Energy Ltd, a subsidiary of Fauji Foundation, to advance solar energy initiatives across the province. The delegation, led by Major General Amjad Ahmed Butt (Retd) and Brigadier Imran, engaged in in-depth discussions with Energy Secretary Mushtaq Ahmed Soomro, Director Solar Projects Mahfooz Qazi, and other officials from the Sindh Energy Department. Key topics included the development of large-scale solar parks, micro and mini solar grids, and the solarization of government buildings.…

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Govt Targets 2.2 Million Electric Vehicles on Roads by 2030 to Curb Smog, Cut Fuel Imports

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Electric-Vehicle

ISLAMABAD: The government plans to have 2.2 million Electric Vehicles (EVs) operating on Pakistan’s roads by 2030 as part of a broader strategy to combat climate change, reduce smog—particularly in Punjab—and cut the annual petroleum import bill by at least \$1 billion. This was revealed by Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, during a meeting with representatives of the Car Dealers Importers Association on Tuesday. Khan said the upcoming Auto Policy 2026 would facilitate the import of used and electric vehicles, aiming…

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Oil Prices Plunge 6% Amid Israel-Iran Ceasefire Hopes

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oil-Price

NEW YORK: Oil prices tumbled 6% on Tuesday, hitting two-week lows as hopes for a sustained ceasefire between Israel and Iran eased concerns over potential supply disruptions in the Middle East. Brent crude futures dropped \$4.34, or 6.1%, to close at \$67.14 per barrel—its lowest since June 10. Meanwhile, US West Texas Intermediate (WTI) crude slipped \$4.14, or 6.0%, settling at \$64.37 per barrel, marking its weakest level since June 5. The market reacted to news of the ceasefire, despite US President Donald Trump warning that both Israel and Iran…

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