Category: Highlights

Pakistan and Saudi Arabia Forge Stronger Ties Through Mutual Economic Endeavors

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Pak-SA

In a significant diplomatic development, Pakistan and Saudi Arabia have taken substantial strides towards enhancing their bilateral relations through a warm and insightful meeting between Prime Minister Anwaar ul Haq Kakar, Minister for Energy Muhammad Ali, and representatives from Aljomaih Holding. The meeting, attended by Sheikh Abdulaziz Hamad Al Jomaih and Shan Abbas Ashary, delved into crucial discussions regarding potential investment opportunities in Pakistan, aimed at fostering economic cooperation between the two nations. The engagement was marked by a spirit of collaboration and brotherhood, reaffirming the enduring ties between Pakistan…

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117 countries agree to triple renewable energy, to push out fossil fuels: COP28

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Cop28-23

DUBAI: Some 117 governments pledged to triple the world’s renewable energy capacity by 2030 at the U.N.‘s COP28… DUBAI: Some 117 governments pledged to triple the world’s renewable energy capacity by 2030 at the U.N.’s COP28 climate summit on Saturday, as a route to cut the share of fossil fuels in the world’s energy production. The pledge was among a slew of COP28 announcements on Saturday aimed at decarbonizing the energy sector – source of around three-quarters of global greenhouse gas emissions – that included expanding nuclear power, cutting methane…

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A triumph for the global South

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Cop-23

THE Loss and Damage Fund (L&DF), agreed on in COP27, is considered a historic triumph for climate-vulnerable developing countries in the global South. Encouragingly, it came off as an early success and the highlight of the first day at the COP28, which is currently taking place in the UAE. It took developing countries almost three decades to convince the international community to establish the L&DF to financially support the recovery and rebuilding of developing countries stricken by climate-related disasters. While climate finance mechanisms for climate mitigation and adaptation have been…

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COP28 & Pakistan

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Pak-UAE

PAKISTAN is one of the countries most vulnerable to climate change. It has paid a massive cost over the years due to recurring climate events that not just destroy infrastructure, but also livelihoods, while having a very high human cost. The floods that ravaged the southern half of the country led to direct losses of more than $30 billion, while indirect losses that can be attributed to a disruption in the supply chain that led to spiralling inflation and loss of livelihoods would accumulate to a much higher amount. The…

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Pakistan’s petrol, diesel prices for the next two weeks

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WEB DESK: As the fortnightly review approaches, indications suggest that there will be no significant alterations in the prices of petroleum products. Notably, diesel and kerosene rates are expected to experience a slight decrease.The government is on the brink of announcing the revised petrol prices for the upcoming week. The new petrol rates in Pakistan will come into effect from December 1, and the announcement is expected to be made before 11:59 pm today.Currently, the petrol rate in Pakistan is Rs281.34 per litre, and many individuals, burdened by inflation, are…

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