Day: October 15, 2026

Karachi, October 14: National Bank of Pakistan (NBP) has been recognized with the “Sustainable Infrastructure Initiative of the Year – Pakistan” award at the Asian Banking & Finance (ABF) Corporate & Investment Banking Awards 2026, for the Bank’s role in structuring and arranging a PKR 850 million syndicated project finance facility to support the deployment of solar energy systems at cellular tower sites. Presented in Singapore, the award recognizes outstanding performance, innovation and excellence in corporate and investment banking across Asia. NBP was recognized for its advisory, structuring and financing…

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SINGAPORE: Emerging Asian countries are scaling back or delaying liquefied natural gas (LNG)-based power projects as geopolitical tensions, soaring fuel prices, equipment shortages and increasingly competitive renewable energy reshape the region’s energy plans. Countries including Vietnam and the Philippines had planned to expand LNG import terminals and gas-fired power plants to meet rising electricity demand and reduce dependence on coal. However, the market disruptions following Russia’s 2022 invasion of Ukraine and the ongoing US-Iran conflict have driven up fuel prices, highlighting the risks of relying heavily on imported gas. Several…

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KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Talat Mahmood has strongly criticised prolonged and widespread load-shedding by K-Electric (KE), warning that persistent power disruptions are undermining industrial productivity, commercial activity, employment and residents’ daily lives. Expressing concern over reports that KE had extended load-shedding to areas previously exempt from scheduled outages, Mahmood said Karachi, the country’s main commercial and industrial hub, continued to face an unreliable electricity supply despite its critical contribution to the national economy. “Karachi cannot be expected to drive Pakistan’s economy while its industries, businesses…

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KARACHI: Jamaat-i-Islami (JI) Karachi chief Monem Zafar on Wednesday demanded an end to prolonged load-shedding and inflated electricity bills, a forensic audit of K-Electric’s (KE) accounts and disclosure of subsidies provided to the power utility over the past 15 years. Addressing a protest press conference outside KE’s head office in Gizri against prolonged power outages and what he described as the exploitation of Karachi’s residents, Monem Zafar said the country’s economic hub was suffering from unreliable electricity supplies despite its significant contribution to the national economy. He alleged that the…

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ISLAMABAD: GU GO Motors and China’s Shengtang Group have signed a memorandum of understanding (MoU) for a proposed joint venture to manufacture electric buses in Pakistan, aiming to promote technology transfer, local production and export opportunities. The agreement was signed at an event in Islamabad marking the 77th anniversary of the founding of the People’s Republic of China. Adviser to the Prime Minister on Industries and Production Haroon Akhtar Khan, who attended the ceremony as chief guest, said Pakistan and China enjoyed a longstanding relationship built on mutual trust and…

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