Day: August 8, 2025

ISLAMABAD: Commerce Minister Jam Kamal Khan told the National Assembly on Thursday that Pakistan will not incur a \$1 billion loss from the United States’ new 19% tariff, as the rate marks a reduction from the previous 29% duty on Pakistani goods. Responding to lawmakers, the minister said the lower tariff is expected to boost Pakistani exports — particularly textiles — to the US market. “This reduction will increase sales of Pakistani products and strengthen our trade position,” he noted. The announcement comes as former US President Donald Trump’s revised…

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BRUSSELS: July 2025 was the planet’s third-warmest July since records began, marked by extreme weather and a record national temperature in Turkiye of 50.5°C (122.9°F), according to the European Union’s Copernicus Climate Change Service (C3S). Global average surface air temperature reached 16.68°C last month — 0.45°C above the 1991–2020 average for July — and 1.25°C warmer than the 1850–1900 pre-industrial baseline. While cooler than record-breaking July 2023 and July 2024, the month continued the trend of climate extremes linked to human-induced global warming. From August 2024 to July 2025, global…

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LAHORE: Kohinoor Mills Limited (KML) has announced plans to install a 7.2-megawatt solar power system, reinforcing Pakistan’s industrial sector’s growing shift towards renewable energy for cost savings and sustainability. In a notice to the Pakistan Stock Exchange, the company said the project is part of its commitment to sustainable energy and operational efficiency. KML expects that by the end of the first quarter ending September 30, 2025, more than 20% of its operational energy needs will be met through renewable sources. “This will result in significant cost savings and reduce…

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ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar has called for urgent, targeted reforms to safeguard the sustainability of Pakistan’s energy sector while ensuring affordable and reliable electricity for consumers. Chairing a high-level meeting on Thursday to address the sector’s critical challenges, Dar stressed the need for actionable measures to restore financial health and operational stability. “We must adopt policies that reduce systemic losses, rationalise subsidies, and modernise pricing structures,” he said, emphasising a focus on long-term viability and economic efficiency. The meeting reviewed key issues, including…

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KARACHI: Pakistan’s freshwater resources are under mounting threat from over-extraction, mismanagement, and climate shocks, experts cautioned at an event titled “Building Water-Sensitive Communities: Collaborative Solutions for Freshwater Sustainability.” Dr Masood Arshad, Senior Director of WWF-Pakistan’s Freshwater Programme, warned that unchecked groundwater extraction is accelerating ecological degradation in critical ecosystems such as the Indus River, Keenjhar Lake, and the Ravi River. “Water scarcity is no longer a future concern — it is a crisis we are living through,” he stressed, urging a nature-positive approach to restore and protect freshwater systems. Speakers…

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