Author: Admin

Global LCOE of Grid-Scale Solar to Drop 2% in 2025: Bloomberg NEF

Admin
soalr energy

A new report from BloombergNEF forecasts a continued decline in the levelized cost of electricity (LCOE) for grid-scale solar and battery energy storage globally in 2025. LCOE, a key metric for comparing energy technologies, measures the lifetime cost of a power plant divided by its total energy production. According to the report, the LCOE for fixed-axis utility-scale solar projects is expected to drop 2% year-over-year, falling from $36 per megawatt-hour (MWh) in 2024 to $35 per MWh in 2025. BloombergNEF projects a further decline to $25 per MWh by 2035,…

Read More

Barrick’s Gold Reserves Surge with Reko Diq Expansion

Admin
Reko-Diq

BENGALURU: Canadian mining giant Barrick Gold reported a 23% increase in its proven and probable gold reserves, reaching 17.4 million ounces by the end of 2024. The surge was primarily driven by the company’s Reko Diq copper-gold project in Pakistan. Following the completion of its feasibility study at Reko Diq, Barrick added 13 million ounces of gold to its probable reserves on an attributable basis. The company holds a 50% stake in the project, while the remaining ownership is shared by the governments of Pakistan and Balochistan. Considered one of…

Read More

Time to Act: Experts Call for Climate Finance Reforms

Admin
Climate-Finance1

ISLAMABAD: Climate and finance experts have urged comprehensive reforms in both public and private sectors to mobilize crucial funding for climate action, particularly for adaptation measures. Speaking at DawnMedia’s Breathe Pakistan International Climate Change Conference, World Bank Global Director for Climate Change, Valerie Hickey, stressed the need for subsidy reforms to unlock climate finance. She highlighted that while $1 billion per day is needed to combat desertification, $2 billion per day is spent on counterproductive agricultural subsidies. Globally, subsidies in energy, agriculture, and fisheries amount to $1.5 trillion, necessitating urgent…

Read More

Pakistan, Turkiye Set to Sign MoUs to Boost Economic, Agricultural Ties

Admin
Pak-Turk

ISLAMABAD: Pakistan and Turkiye are poised to strengthen economic cooperation with multiple memoranda of understanding (MoUs), particularly in the agriculture sector, during President Tayyip Erdogan’s upcoming visit to Pakistan. Senior officials from both countries’ ministries of national food security and agriculture met on Wednesday to draft an action plan for future collaborations in agriculture and livestock. Pakistan invited Turkiye to invest in livestock vaccination, citing its vast population of 220 million animals, while Turkiye pledged full support in enhancing Pakistan’s agricultural production. President Erdogan is scheduled to visit Pakistan on…

Read More

Pakistan’s First-Ever ‘Made in Pakistan’ Expo Opens in Jeddah

Admin
Pak-Exhibition

ISLAMABAD: Commerce Minister Jam Kamal Khan on Thursday inaugurated the first-ever ‘Made in Pakistan’ exhibition in Jeddah, marking a milestone in Pakistan-Saudi trade relations. Addressing an audience of Saudi officials, business leaders, and diplomats, the minister emphasized the importance of strengthening economic ties and showcasing Pakistan’s diverse industrial capabilities. According to the Ministry of Commerce, the exhibition features Pakistan’s top-quality products and services, including textiles, sports goods, light engineering, food, and construction materials. Minister Khan expressed gratitude to Saudi Arabia for its support in organizing the event, calling it a…

Read More