Day: September 12, 2025

KARACHI: Pakistan Refinery Ltd (PRL) announced on Thursday that its Managing Director and Chief Executive Officer, Zahid Mir, will step down at the end of December 2025 after more than six years of leadership. Mir, who took charge in August 2019, will continue until the end of next year to ensure a smooth transition, the company said in a filing to the Pakistan Stock Exchange (PSX). A petroleum engineer with an MBA, Mir brings over 30 years of industry experience, having served in senior roles at Shell, Kufpec, Premier Oil,…

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ISLAMABAD: In a strategic departure from its oil-dominated past, Saudi Arabia is rapidly emerging as a global solar energy powerhouse, carpeting its vast deserts with panels to meet soaring power demand and preserve crude for export. Driven by both environmental and economic imperatives, the Kingdom aims to generate 50 per cent of its electricity from renewables by 2030. Flagship projects, including the 1.5GW Sudair Solar Plant led by ACWA Power and backed by the Public Investment Fund (PIF), highlight the scale of its ambition. Installed solar capacity surged to 4,340MW…

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ISLAMABAD: Federal Minister for Climate Change and Environmental Coordination Senator Musadik Malik announced on Thursday that his ministry is formulating a 300-day implementation plan to tackle the growing impacts of climate change, particularly monsoon flooding and glacial melt. Speaking at a news conference alongside National Disaster Management Authority (NDMA) Chairman Lt Gen Inam Haider Malik, the minister said the plan will be developed in collaboration with federal ministries, provincial governments, the armed forces, NGOs, and welfare organisations. “We must act within our resources, supported by civil administration and welfare institutions,…

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