Day: May 25, 2026

Islamabad: The federal government has collected more than Rs 2,725 billion under petroleum levy from citizens over the past two years, according to official documents. The data shows that from April 2024 to March 2026, petroleum levy collections stood at Rs 2,725 billion—an amount that exceeds the combined size of Pakistan’s two ongoing IMF loan programmes in rupee terms. According to official records, the total value of both IMF programmes, converted at current exchange rates, is approximately Rs 2,340 billion. Breakdown of the petroleum levy collection indicates that during the…

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LAHORE: The Punjab government is developing a comprehensive policy framework to convert municipal solid waste into energy and commercially usable products as part of its expanding Suthra Punjab programme, officials said. The proposed policy aims to promote waste-to-energy, biogas, and recycling projects through public-private partnerships, with authorities considering incentives such as long-term land leases for private investors across the province. Officials said public land may be allocated to private companies for environmentally sustainable projects designed to reduce pollution, manage growing waste volumes, and generate renewable energy while creating new revenue…

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ISLAMABAD: Pakistan’s rapidly expanding use of solar energy is increasingly undermining the economic case for coal-fired power generation, although the government continues to view coal as a central pillar of its long-term energy security strategy, according to a new report by Global Energy Monitor (GEM). The report, Boom and Bust 2026, highlights a strong bottom-up growth in solar adoption across Pakistan, estimating that nearly 25% of the country’s electricity consumption in 2025 will come from solar power—largely driven by off-grid and distributed systems. Despite this shift, the report notes that…

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ISLAMABAD: Pakistan and Germany have signed a technical cooperation agreement worth €40.5 million to implement nine development projects aimed at strengthening collaboration in climate resilience, renewable energy, and social protection sectors, according to the Economic Affairs Division (EAD). The agreement seeks to deepen bilateral development cooperation through targeted technical assistance and capacity-building initiatives across Pakistan. Under the arrangement, Germany’s implementing agency, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) will support the execution of nine new development projects focusing on sustainable development priorities. The agreement was signed by Secretary Economic Affairs Muhammad…

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PESHAWAR: Speakers at a conference on Climate Justice and Mobilising Climate Finance for Pakistan stressed the urgent need for a coordinated national and international strategy to highlight Pakistan’s vulnerability to climate change and secure greater climate financing support. The conference, jointly organised by the Pakistan Development Foundation (PDF), Shaheed Benazir Bhutto Women University Peshawar, Institute of Management Sciences Peshawar, Women University Mardan, and Oil and Gas Development Company Limited, was held at the Governor’s House with Governor Khyber Pakhtunkhwa Faisal Karim Kundi as chief guest. Panelists noted that Pakistan faces…

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