Author: Admin

Pakistan Among Most Climate-Vulnerable Nations, Faces Heavy Economic Losses: SBP Report

Admin

KARACHI: Pakistan remains one of the world’s most climate-vulnerable countries despite contributing only a minimal share to global greenhouse gas (GHG) emissions, according to a detailed report released by the State Bank of Pakistan (SBP) in its half-yearly economic review. The report noted that climatic disasters in Pakistan during 2000-2024 were significantly higher than both global and regional averages, continuing a trend observed over the previous two decades. The SBP highlighted the country’s difficult balancing act of pursuing economic growth while simultaneously reducing its emission intensity. “Pakistan faces a particularly…

Read More

IMF Concludes Pakistan Visit After Talks on Reforms, FY2027 Budget Strategy

Admin

The International Monetary Fund (IMF) has concluded its visit to Pakistan following discussions with federal and provincial authorities on economic reforms, fiscal targets, and the budget framework for FY2027 under the country’s ongoing IMF-supported programmes. In a statement issued early Thursday, the IMF said its mission visited Islamabad from May 13 to May 20 to review recent economic developments, implementation of reforms, and Pakistan’s budget strategy for the next fiscal year. The mission, led by Iva Petrova, held what it described as “constructive discussions” with Pakistani authorities on key economic…

Read More

IRENA Says Electrification Will Drive the Next Phase of Global Energy Transition

Admin

Abu Dhabi, United Arab Emirates: International Renewable Energy Agency (IRENA) has warned that rising geopolitical tensions, growing energy demand, and increasing fossil fuel market volatility are accelerating a new phase of the global energy transition focused on electrification, renewable energy expansion, and a faster shift away from fossil fuels. In its latest report, “Transitioning Away from Fossil Fuels: A Roadmap Based on Renewables, Electrification and Grid Enhancement,” released in collaboration with the Brazilian COP30 Presidency ahead of the Copenhagen Climate Ministerial, IRENA stated that current global energy systems remain structurally…

Read More

Trans Global Projects Strengthens UK Market Presence with Senior Logistics Appointment

Admin

Sevenoaks, United Kingdom: Trans Global Projects (TGP) has strengthened its commercial capabilities in the United Kingdom with the appointment of Richard Jones, who will lead business development activities across the UK market. Richard Jones brings more than 30 years of experience in project logistics, freight forwarding, and supply chain management, with extensive expertise in managing complex, technically demanding, and schedule-critical international projects. His career combines senior commercial leadership with practical project execution and chartering experience, enabling a realistic and delivery-focused approach to logistics planning. He holds an MBA in Shipping…

Read More

S&P Global Expands $10 Million StepForward Initiative to Build AI-Era Skills

Admin

Karachi: S&P Global have expanded their three-year, $10 million StepForward initiative aimed at preparing young people with the skills required to thrive in an AI-driven workforce. Launched in December 2025, the initiative supports organizations delivering innovative workforce readiness and AI education programs worldwide. Through global and regional collaborations, alongside skills-based volunteering by S&P Global employees, the program seeks to empower youth with future-ready capabilities. Mujeeb Zahur said that Urdu AI will play a key role in providing accessible AI literacy training through mobile-friendly courses and workshops in Urdu. The initiative…

Read More