Category: Latest News

ISLAMABAD: Pakistan’s rapidly expanding use of solar energy is increasingly undermining the economic case for coal-fired power generation, although the government continues to view coal as a central pillar of its long-term energy security strategy, according to a new report by Global Energy Monitor (GEM). The report, Boom and Bust 2026, highlights a strong bottom-up growth in solar adoption across Pakistan, estimating that nearly 25% of the country’s electricity consumption in 2025 will come from solar power—largely driven by off-grid and distributed systems. Despite this shift, the report notes that…

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ISLAMABAD: Pakistan and Germany have signed a technical cooperation agreement worth €40.5 million to implement nine development projects aimed at strengthening collaboration in climate resilience, renewable energy, and social protection sectors, according to the Economic Affairs Division (EAD). The agreement seeks to deepen bilateral development cooperation through targeted technical assistance and capacity-building initiatives across Pakistan. Under the arrangement, Germany’s implementing agency, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) will support the execution of nine new development projects focusing on sustainable development priorities. The agreement was signed by Secretary Economic Affairs Muhammad…

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PESHAWAR: Speakers at a conference on Climate Justice and Mobilising Climate Finance for Pakistan stressed the urgent need for a coordinated national and international strategy to highlight Pakistan’s vulnerability to climate change and secure greater climate financing support. The conference, jointly organised by the Pakistan Development Foundation (PDF), Shaheed Benazir Bhutto Women University Peshawar, Institute of Management Sciences Peshawar, Women University Mardan, and Oil and Gas Development Company Limited, was held at the Governor’s House with Governor Khyber Pakhtunkhwa Faisal Karim Kundi as chief guest. Panelists noted that Pakistan faces…

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HANGZHOU, China: Pakistani and Chinese companies signed agreements and memorandums of understanding (MoUs) worth more than $7 billion during the Pakistan-China B2B Investment Conference on IT & Telecom, Battery Energy Storage Systems (BESS), and Agriculture held in Hangzhou. Addressing the conference, Prime Minister Shehbaz Sharif invited Chinese companies to relocate industries to Pakistan, establish joint ventures with local firms, and benefit from the country’s investor-friendly policies, describing the proposal as a “win-win model” for both nations. The prime minister noted that rising labour costs in China and the country’s shift…

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HANGZHOU: Prime Minister Shehbaz Sharif held a series of high-level meetings with senior executives of major Chinese companies in Hangzhou as part of his official visit to China, focusing on investment opportunities and enhanced bilateral business cooperation in renewable energy, electric mobility, energy storage, and healthcare sectors. During his engagements with China’s corporate leadership, the Prime Minister met representatives of Sheng Huo Neng Yuan Ke Ji Company, CATL, StarCharge, and Xiuzheng Pharmaceutical Group. In a meeting with Agnes Siu, CEO of Sheng Huo Neng Yuan Ke Ji Company, discussions focused…

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