Day: November 10, 2025

Pakistan, Germany Strengthen Climate and Energy Partnership with $122 Million Support Package

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New-Project105

ISLAMABAD: Pakistan and Germany have reaffirmed their commitment to advancing joint climate and energy initiatives, with Berlin announcing €114 million ($122 million) in fresh financial and technical assistance for the current fiscal year, according to Radio Pakistan. The announcement came during high-level talks in Islamabad between Muhammad Humair Karim, Secretary of the Ministry of Economic Affairs, and Christine Toetzke, Director-General at Germany’s Federal Ministry for Economic Cooperation and Development (BMZ). The new funding will support Pakistan’s priorities in climate resilience, clean energy transition, and social protection, as the country continues…

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Pakistan Green and Resilient Building Conference 2025 Promotes Sustainable Construction Practices

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KARACHI: The three-day “Pakistan Green and Resilient Building Conference 2025” concluded in Karachi, uniting key representatives from federal and provincial departments, private enterprises, financial institutions, and development partners to advance sustainable and climate-resilient construction practices in Pakistan. The conference focused on developing practical strategies and policy frameworks to promote energy-efficient, eco-friendly, and climate-resilient building solutions across the country. Delivering the keynote address, Aisha Moriani, Secretary, Ministry of Climate Change and Environmental Coordination, highlighted the government’s recent policy milestones, including the Pakistan Green Building Code 2023, Green Taxonomy, and Climate Risk…

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CPPA-G to Pay Rs89.5bn to OGDCL for Uch Power Projects under Circular Debt Facility

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Circular-Debt

ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) will pay Rs 89.5 billion to the Oil and Gas Development Company Limited (OGDCL) on behalf of Uch Power Limited (UPL) and Uch Power-II (UPL-II) from the government’s circular debt (CD) financing facility, sources revealed. The payment, initially scheduled in 18 equal monthly instalments, will now be made as a lump sum, in line with recommendations from the Task Force on Power Sector Reforms established by the Prime Minister on August 4, 2024. The move aims to ease liquidity pressures on OGDCL and…

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POL Sector Tops Customs Duty Collection Despite Import Dependence

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FBR-Tex

ISLAMABAD: The Petroleum, Oil, and Lubricants (POL) sector emerged as the top contributor to Pakistan’s Customs Duty collection in FY 2024-25, underscoring the country’s continued dependence on imported petroleum products. According to the latest data released by the Federal Board of Revenue (FBR), Customs Duty collection rose sharply to Rs 1,284.6 billion during FY 2024-25, up from Rs 1,104.1 billion in the previous fiscal year—marking a 16.4 percent increase. Customs Duty accounted for 10.9 percent of FBR’s total revenue collection, achieving 95.2 percent of the annual target. The POL sector…

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UN Urges Pakistan to Strengthen Power Grid for Renewable Expansion

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renewables-energy

ISLAMABAD: Pakistan holds vast potential to generate affordable, carbon-free electricity through solar and wind energy, but inadequate grid infrastructure threatens to slow its clean energy transition, warns a new United Nations report. The 2025 Review of Climate Ambition in Asia and the Pacific, released by the UN Economic and Social Commission for Asia and the Pacific (UN-ESCAP), emphasizes that Pakistan must make substantial investments to modernize and expand its grid network to integrate large-scale renewable projects while maintaining system reliability. The report notes that a successful phase-down of coal power…

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