Category: Highlights

KARACHI: Cement sales and exports are expected to post double-digit growth in October over the corresponding month a year earlier as the government’s incentives to real estate sector are boosting the construction activities, a brokerage said on Thursday. Sales and exports are likely to increase 15 percent year-on-year and 10 percent month-on-month to 5.7 million tons, according to Topline Securities. Local sales are likely to clock in at 4.8 million tons, up 15 percent year-on-year and 18 percent month-on-month due to initiation of construction work on dams and injection of…

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An aggressive push towards 100% renewable energy would save Americans as much as $321bn in energy costs, while also slashing planet-heating emissions, according to a new report. Joe Biden, the Democratic presidential nominee, has vowed to eliminate greenhouse gases from the US power grid within 15 years and essentially zero out emissions by 2050, a plan assailed by Donald Trump as costly and detrimental to the American economy. But a new analysis by Rewiring America, an energy policy organization, finds that households would benefit financially from a complete switch to clean…

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Olive production in Pakistan is the next best agricultural solution for supporting the country’s cash-strapped economy. Current shifts in global economics call for innovation in the agriculture sector and a new export portfolio. According to reports, Pakistan imports olive oil worth $2 billion every year. In attempts to overcome this negative balance, the Punjab government initiated an olive production program in Potohar that planted more than 1 million olive trees on 8,000 acres of cultivable land in 2016. Agriculture reforms that address cohesive economic growth are much needed in Pakistan.…

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A major renewable energy project in Australia billed as the world’s largest solar farm in development has had its proposed location revealed. The AUD$20 billion facility – the heart of an ambitious electricity network called the Australia–ASEAN Power Link – will be built at a remote cattle station in the Northern Territory, roughly halfway between Darwin and Alice Springs. The gargantuan 10-gigawatt array – spread out across some 20,000 football fields’ worth of photovoltaic panels – might be situated close to the heart of the Australian outback, but the energy reaped from the plant…

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Tesla is offering its Tesla Energy Plan in the UK designed for homes with solar and Powerwall that will turn them into virtual power plants to produce clean energy. The Tesla Energy Plan is an energy tariff for homes with solar and Powerwall installed, which could provide to customers savings of up to 75 percent compared to the electricity tariffs of the biggest UK power providers, based on electricity consumption of 8,000 kWh/year, Tesla says on its UK website. Customers are eligible for Tesla’s tariff if they own a Tesla…

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