Author: Admin

SHAKE PROGRAMME SECURES £845K FOR NEXT COHORT OF CLIMATE-TACKLING ENTREPRENEURS

Admin

Unique combination of investment and mentorship for agri-tech start-ups attracts new funding partners. The SHAKE Climate Change entrepreneurship programme has secured £845K to invest in new projects that will help deliver the next generation of climate friendly farming. Based on a unique funding model, SHAKE helps entrepreneurs and start-ups who are combating climate change with science or tech-based ideas in the areas of agriculture and food production. Those ventures that progress through all three phases of the programme will receive up to £125k funding and two years of expert mentoring…

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Climate Finance Accelerator Showcases Innovative Pakistani Climate Projects at Investor Roadshow

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Sarah-Mooney

The UK-funded Climate Finance Accelerator (CFA) Pakistan kicked off its two-day InvestorRoadshow in Karachi today, bringing together seven innovative climate mitigation projects spanningsectors such as power, e-mobility, healthcare, food, agriculture, and technology.The CFA, implemented by DAI Pakistan on behalf of the UK Government, has provided the projectswith technical, financial, and gender inclusion expertise to help ready them for investment. The thirdcohort of projects marks a significant milestone in the UK’s efforts to bolster Pakistan’senvironmental sustainability and climate resilience.Designed to combat the intensifying challenges of climate change, these projects will be…

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Oil and Gas Output Declines in Q1 Amid Field Disruptions

Admin
oil and gas

KARACHI: Pakistan’s oil and gas production experienced a notable decline in the first quarter of the current fiscal year, with oil output falling by 8% and gas by 7%. The downturn was primarily due to annual turnarounds (ATAs) and forced curtailments at major fields, according to a report by Arif Habib Limited (AHL). Key oil fields like Nashpa, Mela, Adhi, and Makori East saw significant reductions, while gas production dropped at major sites such as Sui, Qadirpur, Uch, and Kandhkot. Despite the decline, local exploration and production (E&P) companies spudded…

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Pakistan’s Gains from Shanghai Cooperation Organisation (SCO) Membership: A Comprehensive Overview

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SCO-Project

Since becoming a full member of the Shanghai Cooperation Organisation (SCO) on June 9, 2017, Pakistan has reaped significant benefits across multiple sectors, particularly in trade, security, and regional diplomacy. Pakistan’s involvement in the SCO has strengthened its trade potential, enhanced security cooperation, and bolstered its geopolitical standing within Central Asia. In terms of trade, Pakistan’s exchange with SCO members, particularly China, has flourished. Bilateral trade with China reached over $27 billion annually, fueled by initiatives such as the China-Pakistan Economic Corridor (CPEC) and the Belt and Road Initiative (BRI).…

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Restrictions Hamper Progress on Dasu Hydropower Project: World Bank Cites Transportation Challenges

Admin
Dasu-Hydropower

ISLAMABAD: The World Bank has reported significant slowdowns in the 4,320 MW Dasu Hydropower Project due to restrictions on ground transportation for international workers and experts from Islamabad to the project site, as well as a shortage of armored vehicles for their movement within the project area. A recent World Bank mission to Pakistan noted that while construction is ongoing, security and logistical challenges have hindered progress. The March 2024 terrorist attack, which led to a temporary suspension of work by Chinese contractors, exacerbated the delays. Key milestones, such as…

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