FAISALABAD:Faisalabad Chamber of Commerce & Industry (FCCI) President Farooq Yousaf Sheikh has said climate change is no longer a distant concern but an urgent reality, citing Pakistan’s recent experience with devastating floods, cloudbursts, and other unpredictable natural disasters.Speaking to a delegation from the Ministry of Climate Change and Environmental Coordination (MoCC&EC), he said that while Pakistan’s contribution to global climate change is minimal, just 0.9%, the country has borne the brunt of its catastrophic effects.“As the country faces the worst impacts of climate change, FCCI, as the apex trade body,…
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Hitachi Energy Awarded Strategic Contract to Enhance Pakistan’s Power Infrastructure
Pakistan is on the move—its cities are growing, its industries are expanding, and the demand for reliable, sustainable electricity has never been greater. To meet these ambitions, the National Grid Company of Pakistan (NGC) has chosen Hitachi Energy as a strategic partner for a landmark project: the 765/220 kV Mansehra Grid Station (Lot-III), the first of its kind in the country. This project is more than an infrastructure upgrade—it’s a leap toward a smarter, more resilient energy future. Challenge As Pakistan’s energy needs accelerate, so does the urgency to modernize its…
Read MoreFire Breaks Out at COP30 Climate Summit in Brazil, Delegates Evacuated
A massive fire broke out at the COP30 climate summit venue in Belém, Brazil, forcing delegates to evacuate the premises. The blaze originated in the ‘Blue Zone’, which houses the plenary hall, negotiations, country pavilions, media centre, and offices for high-profile dignitaries. Firefighters responded swiftly, and the fire was brought under control, with no injuries or casualties reported. ¹ ² ³ The incident occurred on the penultimate day of the two-week conference, as ministers from around the world were engaged in tense negotiations over fossil fuels, climate finance, and trade…
Read MoreCM Murad wants work on infrastructure projects in Karachi expedited
CM Sindh presides over Cabinet meeting; reviews 57-item agendaKARACHI (Nov 20): Sindh Chief Minister Syed Murad Ali Shah, while presiding over a cabinet meeting, approved $15 million Grant for the New JPMC Emergency Tower, the establishment of a community health company, the creation of a Sindh government cloud, the setup of 14 anti-narcotic courts, and a Centre for Excellence for countering violent extremism. The cabinet also adopted austerity measures, allowed the purchase of a heritage building for the IT Tower, and extended the validity of the screening test until June…
Read MoreHUBCO Subsidiary Wins Provisional Exploration Rights for Four Onshore Blocks
KARACHI: The Hub Power Company Limited (HUBCO) has announced that its associated entities have secured a provisional award of exploration rights for four onshore blocks, marking a major step in the company’s upstream energy expansion. The disclosure was made in compliance with the Securities Act, 2015. The development centres on *Prime International Oil and Gas Company Limited (Prime), a strategic joint venture in which Hub Power Holdings Limited — HUBCO’s wholly owned subsidiary — holds an equity stake. Prime’s fully owned arm, *Prime Global Energies Limited, has received provisional exploration…
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