Category: Latest News

WASHINGTON: The United States has imposed fresh sanctions on a Chinese oil terminal as part of a broader crackdown on Iran’s oil trade, warning of serious consequences for vessels complying with “tolls” allegedly demanded by Iran. The US State Department announced sanctions on Qingdao Haiye Oil Terminal Co., Ltd., accusing it of importing “tens of millions of barrels” of Iranian crude, thereby enabling Tehran to generate billions in revenue. The move comes amid stalled diplomacy following the halt of US-Israeli strikes against Iran under Donald Trump, and just weeks ahead…

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The Tarbela 5th Extension Hydropower Project (T5) has reached a key milestone in the Water and Power Development Authority (WAPDA)’s efforts to access international carbon markets, marking a significant step toward climate-focused financing. The project is projected to reduce approximately 565,905 tons of CO₂ emissions annually, contributing to a total reduction of over 5.65 million tons during its fixed 10-year crediting period. The verification process has now commenced, and upon successful completion, the project will be registered with the Global Carbon Council (GCC), making it Pakistan’s first hydropower initiative to…

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May 2, 2026: The Water and Power Development Authority (WAPDA) has awarded a contract worth Rs. 640 million for the construction of two government schools in Seo Village, located in the Upper Kohistan District of Khyber Pakhtunkhwa. The project includes the establishment of a primary school and a high school under the Local Area Development Programme of the Dasu Hydropower Project, as part of WAPDA’s Corporate Social Responsibility (CSR) initiatives. The effort aims to uplift educational standards in this remote and underdeveloped region. The contract signing ceremony was held at…

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Sindh eyes cheaper electricity for households and industry, expands cooperation with Denmark on wind energy and coastal development KARACHI (May 1): Sindh Chief Minister Syed Murad Ali Shah outlined an ambitious plan to generate and distribute affordable electricity through a provincial transmission and distribution framework, aiming to provide relief to domestic consumers and boost industrial growth across the province. He shared this vision while meeting Danish Ambassador Maja Dyrberg Mortensen at the CM House, where both sides discussed strengthening bilateral cooperation, investment opportunities, renewable energy, and environmental sustainability. The chief…

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