Category: Latest News

Pakistan Banks Lag in Integrating Climate Risks into Project Financing

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New-Project50

KARACHI: Pakistan’s major commercial banks have made limited progress in incorporating climate change and biodiversity considerations into their lending policies, raising concerns about the environmental and social impacts of financed projects, according to a new assessment by Fair Finance Pakistan (FFP). The 2025 Benchmark of Bank Sustainability Policies in Pakistan, conducted in collaboration with Lahore University of Management Sciences (LUMS) and Profundo, found that positive policy coverage for borrowers and financed projects stood at just 13.8 per cent for climate change and 26.8pc for biodiversity. The assessment reviewed seven banks:…

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IRENA Calls for Faster Electrification and Renewable Energy Expansion to Meet Global Energy Needs

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New-IRENA

ABU DHABI, October 13, 2026: Accelerating electrification powered by renewable energy must become a global priority through 2035 to align the energy transition with the 1.5°C climate target, according to a new report by the International Renewable Energy Agency (IRENA). The World Energy Transitions Outlook (WETO) 2026, released on Tuesday, calls for fundamental reforms to global energy systems, emphasising that a genuine transition requires replacing fossil-fuel-based systems rather than simply adding renewable capacity to the existing energy mix. The report highlights persistent challenges despite record renewable energy additions in 2025,…

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Pakistan’s Solar Net Metering Drops 27.2% in Just One Month

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New-Project49

Pakistan’s solar energy sector has recorded a notable setback, with net-metering units reportedly declining by 27.2% in August 2026 compared to July, according to data cited by Arif Habib Limited. The monthly decline raises questions about the pace of solar adoption and the challenges facing Pakistan’s renewable energy sector. However, the drop in net-metering units does not necessarily mean that overall solar installations or solar electricity generation declined by the same percentage. As Pakistan continues its transition towards renewable energy, stable policies, affordable technology and investor confidence will remain important…

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Govt flags IPO pipeline, power sector opportunities to global investors

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October 13, 2026 (MLN): Pakistan has highlighted its progress in macroeconomic stabilization, structural reforms and access to international capital markets during an investor roundtable organized by Barclays, attended by Finance Minister Senator Muhammad Aurangzeb and State Bank of Pakistan (SBP) Governor Jameel Ahmad. Muhammad Aurangzeb outlined improvements in the country’s fiscal and external accounts, sustained primary budget surpluses and strengthening foreign exchange reserves. He also highlighted progress under the International Monetary Fund (IMF) programme, credit rating upgrades and renewed access to global capital markets through private placements and Panda and…

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Pakistan Faces $1 Billion LNG Bill This Winter

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lng

Pakistan will have to pay in excess of $1 billion to secure LNG supply for the winter months, as spot prices soar amid massive disruptions to Qatari term supply. The price tag will be fueled by the spot LNG prices in Asia surging to three-year highs and the plans of the Pakistani government to import 10 LNG cargoes from the spot market, at double the price at which LNG is being imported from Qatar, local daily Tribune reported on Tuesday. Amid disrupted supplies from Qatar, Pakistan will have to purchase…

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