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Experts have agreed that the time is ripe for Pakistan to shift towards green energy and called on the government to devise policies to facilitate stakeholders in exploring additional avenues for sustainable renewable energy. At a webinar titled “Clean Energy Transition in Pakistan” on Wednesday, Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza said power and energy sectors of Pakistan were not in a desirable shape due to various factors. He covered various aspects of the clean energy landscape in Pakistan. “Our natural resources, especially gas reserves,…

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ISLAMABAD: Energy Minister Omar Ayub Khan has said that the government is focusing on energy projects under the new renewable energy policy by harnessing local resources for power generation. Omar Ayub Khan said this during a meeting with Ambassador of the Kingdom of Saudi Arabia Nawaf bin Saeed Ahmed Al-Malki who called on him on Wednesday. The minister and ambassador deliberated upon joint ventures between Pakistan and the kingdom in the petroleum and energy sector. Khan said that revival of exploration and production activities in the oil and gas sector would…

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Stocks on Wednesday ended near three-year high as a surprise oil surge fired up energy sector that was later joined by cements on price hike hopes and banks because of strong earnings outlook, dealers said. Benchmark KSE-100 shares index hit a high of 1.13 percent or 502.99 points to close at 45,153.42 points at Pakistan Stock Exchange (PSX). Volumes increased to 664.538 million shares, from 582.367 million shares on Tuesday. KSE-30 gained 1.14 percent or 212.97 points to end at 18,921.67 points. Ovais Ahsan, chief executive officer at Optimus Capital…

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Hundreds of US President Donald Trump’s supporters stormed the US Capitol on Wednesday in a stunning bid to overturn his election defeat, battling police in the hallways and delaying the certification of Democratic President-elect Joe Biden’s victory for hours. In the gravest assault on the symbol of American democracy in more than 200 years, rioters forced their way past metal security barricades, broke windows and scaled walls to fight their way into the Capitol. Police said four people died during the chaos — one from gunshot wounds and three from…

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SINGAPORE — Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal. Analysts said prices of the commodity in the country have shot up due to the reported crunch. The reports also follow rising trade tensions between Beijing and Canberra, leading some analysts to tie the coal shortages and blackouts to the unofficial ban on Australian coal. Relations between the two nations soured last year after Australia supported an international inquiry into China’s handling of the coronavirus pandemic. Coal is just one…

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