Author: Admin

Pakistan hesitant on IMF’s proposed carbon levy for clean energy transition

Admin
pak-imf

ISLAMABAD: On Monday, Pakistan showed reluctance towards imposing a carbon levy, a key proposal put forward by the International Monetary Fund (IMF). The IMF has suggested this tax as part of its conditions for a $1 billion loan under the Resilience and Sustainable Facility (RSF), aimed at supporting climate-vulnerable nations in disaster preparedness and energy transition. During the opening discussions to finalize the RSF, which focuses on disaster resilience, government officials expressed concerns about the potential negative impact of the levy on business growth. The IMF team is in Pakistan…

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Waziristan Block- Discovery at Spinwam Well

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New-Mari1

By the grace of Almighty Allah, Mari Energies Limited (formerly Mari Petroleum Company Limited) is pleased to announce gas discovery resulting from its exploratory efforts at Spinwam-1 exploration well, drilled in Waziristan Block, located in North Waziristan district, KPK Province. Mari Energies is the Operator of Waziristan Block having 55% working interest along with OGDCL and OPI as joint venture partners having 35% and 10% working interest respectively. The joint venture has successfully drilled the second exploration well, Spinwam-1, in the Waziristan Block. The well was spudded on May 28,…

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PSA, Energy Update sign MoU to promote solar industry awareness & events

Admin
Solar-Modules

The Pakistan Solar Association (PSA) and Energy Update (EU) have signed a memorandum of understanding to jointly organise events aimed at promoting renewable power sources in the country.The MoU will enable the PSA to act as a partner of the Energy Update to help it organise its forthcoming event, the 2nd International Solar Conclave and Technology Excellence Awards-2025. The two entities will collaborate to promote Pakistan’s solar energy sector. The PSA will utilise its networks and channels to promote the EU’s upcoming event aimed at discussing issues faced by Pakistan’s…

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No Passengers ,No planes china funded 240m Gwadar airport sits idle

Admin
Gwadar port

With no passengers and no planes, Pakistan’s newest and most expensive airport is a bit of a mystery. Entirely financed by China to the tune of $240 million, it’s anyone’s guess when New Gwadar International Airport will open for business. Located in the coastal city of Gwadar and completed in Oct 2024, its a stark contrast to the impoverished, restive southwestern BalochistanFor the past decade, China has poured money into Balochistan and Gwadar as part of a multibillion dollar project that connects its western Xinjiang province with Arabian Sea, called the China-Pakistan Economic Corridor or…

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Pakistan, Azerbaijan sign agreements, MOUs on trade and energy

Admin
trade and energy

Islamabad —  Pakistan and Azerbaijan have signed agreements and memorandums of understanding (MOUs), chiefly about trade and energy, during a visit to Azerbaijan by Pakistani Prime Minister Shehbaz Sharif. Sharif arrived Sunday in the Azerbaijani capital, Baku, for a two-day visit to hold talks with President Ilham Aliyev and other top officials. In a post on social media, the Pakistani leader said he had an “excellent meeting” with Aliyev, saying the two worked on finalizing a portfolio of investments Azerbaijan plans to make in Pakistan. Aliyev promised a $2 billion…

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