Author: Admin

FBR Imposes Green Levy to Promote Electric Vehicle Adoption

Admin
electric-vehicles

ISLAMABAD: In a move to promote electric vehicles (EVs) and reduce reliance on fossil fuels, the Federal Board of Revenue (FBR) has introduced a new Energy Vehicle Adoption Levy on all locally manufactured, assembled, and imported internal combustion engine (ICE) vehicles. The FBR’s notification, issued under the First Schedule of the Finance Act, outlines a tiered ad valorem levy structure designed to favour environmentally friendly vehicles over conventional fuel-powered ones. The measure is part of a broader push to accelerate the shift toward low-emission, energy-efficient transportation. Under the new regime,…

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World Bank Charts Energy Efficiency Roadmap for Pakistan’s Industrial Sectors

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world-bank

ISLAMABAD: The World Bank has unveiled a comprehensive strategy aimed at enhancing energy efficiency and reducing emissions across five key industrial sectors in Pakistan. The newly released report, “Pakistan Energy Efficiency: Industrial Energy Efficiency and Decarbonisation (EE\&D),” identifies substantial opportunities in the cement, steel, fertiliser, textile, and paper & pulp industries to cut energy costs and support the country’s climate goals. Developed from a study conducted between mid-2022 and 2023, the report seeks to inform government policy and guide energy conservation efforts. While some industries have already adopted efficiency measures,…

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Trina Storage Expands APAC Presence with Rapid Dual-Site BESS Deployment in Japan

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Trina-Storage

Trina Storage, a global leader in integrated battery energy storage system (BESS) solutions, has successfully commissioned its advanced Elementa 2 BESS at two utility-scale power plants in Japan’s Gunma Prefecture. This dual-site deployment marks a significant milestone in Trina Storage’s expanding footprint across the Asia-Pacific region, where it currently has over 2.4 GWh of BESS capacity under execution. Delivered and brought online in under three weeks, the Elementa 2 systems were deployed simultaneously at two separate locations—demonstrating Trina Storage’s agile and efficient delivery model. The execution combined the expertise of…

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SECMC, Meezan Bank Ink Islamic Financing Deal for Thar Coal Mine Expansion

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SECMC-Meezan

KARACHI, July 19: Sindh Engro Coal Mining Company (SECMC) and Meezan Bank have signed an Islamic Facility Agreement to finance Phase III expansion of the Thar Block II coal mine, aiming to increase coal production from 7.6 million tonnes per annum (MTPA) to 11.2 MTPA. The financing arrangement is led by Meezan Bank and includes a syndicate of United Bank Limited, Askari Bank Limited, Sindh Bank Limited, and Pakistan-China Investment Company Limited. SECMC, a public-private partnership backed by the Sindh government, began commercial operations in 2019 and scaled production to…

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Shakeel Ahmed Appointed as Member Finance of OGRA for Two-Year Term

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OGRA

ISLAMABAD, July 19: The federal government has appointed Shakeel Ahmed as Member Finance of the Oil and Gas Regulatory Authority (OGRA), effective immediately. His appointment, made under Section 3(8)(c) of the OGRA Ordinance, is on a contract basis for a period of two years. Shakeel Ahmed brings extensive industry experience, having previously served as Chief Manager Procurement at Sui Southern Gas Company (SSGC) and as Managing Director of Sui Southern LPG Limited. The decision follows a nine-month delay in filling the position. A panel of three candidates was shortlisted, with…

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