Category: Latest News

Berlin, Germany: Marking Earth Day, green search engine Ecosia has achieved a major environmental milestone—planting 250 million trees worldwide—solidifying its position as the world’s largest planter of native trees. To commemorate the achievement, Ecosia founder Christian Kroll, alongside Germany’s Federal Environment Minister Carsten Schneider, planted a symbolic tree outside the Reichstag Building, home to the German parliament. A Global Movement Rooted in Local Action Since its founding in 2009, Ecosia has built an extensive global reforestation network, partnering with 125 organisations and engaging over 200,000 tree planters. The company focuses…

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ISLAMABAD: Pakistan’s push toward electric mobility has hit a roadblock as private-sector stakeholders raise concerns over regulatory barriers affecting the import and deployment of electric vehicle (EV) charging infrastructure. At the center of the issue is a disputed classification under Customs General Order (CGO) Entry No. 938 in Draft CGO No. 3 (revised February 25, 2025). Industry players argue that the provision is delaying the rollout of EV charging stations nationwide by restricting imports under what they describe as non-tariff barriers. The concerns have been formally highlighted by Go Green…

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ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry has called on the government to immediately suspend or provide relief on petroleum and carbon levies imposed on furnace oil, warning that escalating electricity costs are placing severe strain on industrial activity. The demand comes at a time when Pakistan is facing reduced availability of Re-gasified Liquefied Natural Gas due to disruptions in imported gas supplies. This shortfall has forced the power sector to increase reliance on furnace oil-based generation to sustain electricity supply. Under the Finance Act 2025, furnace…

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ISLAMABAD: Pakistan has initiated plans to establish Strategic Petroleum Reserves (SPR) aimed at securing up to 90 days of fuel coverage, as policymakers respond to growing concerns over potential supply disruptions linked to tensions around the Strait of Hormuz. The move comes against the backdrop of renewed geopolitical instability involving the United States, Israel, and Iran, which has heightened fears of volatility in global energy markets. Officials view the situation as a stark reminder of Pakistan’s heavy reliance on imported petroleum and its vulnerability to external shocks. Under the proposed…

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ISLAMABAD: Pakistan’s power sector circular debt increased by Rs224 billion during the first eight months of the current fiscal year, reaching Rs1.837 trillion by February 2026, up from Rs1.614 trillion in June 2025. According to the Power Division, the rise is largely attributed to seasonal and timing-related factors. The debt stock, however, showed slight improvement in March, easing to Rs1.798 trillion, indicating short-term stabilization. On a year-on-year basis, the situation has improved significantly. The circular debt has declined by Rs693 billion from its peak of Rs2.531 trillion recorded in February…

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