E-Cluster launched in Pakistan to build local manufacturing bases for clean energy

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ISLAMABAD  –  In a pioneering move towards building local capacity in renewable energy, an “E-Cluster” model is being implemented in Pakistan with the aim of establishing an integrated clean-energy manufacturing ecosystem across the country. Qasim Kamal, group director of Suzhou IBI Engineering (Belt & Road Economic and Trade Center) which led the initiative, told China Economic Net (CEN) that high-end technological capabilities, manufacturing know-how, quality standards and supply-chain expertise will be progressively introduced and localized in major industrial hubs in Pakistan. “At the heart of the initiative is the transfer…

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Pakistan has no strategic oil reserves — not even for a single day

Hascol-Petroleum

By any measure, Pakistan’s oil security rests on a precarious foundation: the country has no government-controlled strategic oil reserves—not even enough to meet its needs for a single day. This startling admission came from Federal Petroleum Minister Ali Pervaiz Malik during a recent appearance on a television news talk show hosted by senior journalist and anchorperson Nadeem Malik. The disclosure exposes a critical vulnerability in a country whose economy, transport system, industry and power sector remain heavily dependent on uninterrupted supplies of petroleum. The minister made it clear that Pakistan…

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Petroleum Levy protest: JI to hold sit-in outside Governor’s House today

KARACHI: Jamaat-e-Islami (JI) Karachi will hold a sit-in outside the Governor House on Sunday (today) to protest the petroleum levy, which its city chief Monem Zafar Khan has termed a “bhatta tax” imposed on the people. The protest is being held following an appeal by JI leader Hafiz Naeemur Rehman. Monem Zafar warned that the feudal, elite groups still dominate Pakistan 79 years after independence. He said that federal government had exceeded the petroleum levy target by nearly Rs100 billion. He noted that the government had gone “two steps ahead…

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