Category: Recent Post

ISLAMABAD: On July 21, the Islamabad Policy Institute issued a report titled “The petrol crisis of June 2020.” This report shows a lack of understanding, is based on misinformation and has numerous factual errors. There was a supply glut building up in the international oil markets since the beginning of the year. On February 25, 2020 the Arab Gulf Platts (fob) price for a barrel of petrol was $60.35, which dropped to $33.87 on March 13, 2020. While this was happening, the full impact of Covid-19 on the demand side…

Read More

ISLAMABAD: Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh and Chinese Ambassador Yao Jing discussed matters related to Financial Action Task Force (FATF) and the latter said that October review will go well for Pakistan. The Chinese ambassador made a farewell call on the advisor here at the finance division on Thursday. Shaikh said that China-Pakistan relations will further strengthen in future. He appreciated the commitment with which Jing worked for the progress of the Pak-China relationship. He acknowledged the contributions of Ambassador Jing and China’s leadership for…

Read More

KARACHI: Startups in Pakistan are striving to lessen darkness due to insufficient electricity transmission, while making money out of the opportunity. Pakistan is one of those countries which still faces prolonged power outages and one of the main reasons is line losses at a time when the country has surplus production capacity. Inefficient distribution, coupled with lower recovery of consumer bills and high power theft, is giving birth to the complicated circular debt. Consumers are now looking for opportunities to slash their electricity bills such as through installing solar panels.…

Read More

As of today, Google has eliminated its entire “carbon legacy.” By that, the company means it has purchased high-quality carbon offsets to match all of the emissions ever produced by its data centers and campuses. That includes the emissions generated before Google became carbon neutral in 2007. The company says it’s the first in the world to eliminate its carbon legacy. Carbon offsets are credits for renewable energy that are meant to compensate for emissions made elsewhere. While those credits support renewable energy, they only go so far. Not creating…

Read More

Apple has announced a target of becoming carbon neutral across its entire business and manufacturing supply chain by 2030.The company says the commitment means its devices will have had “zero climate impact” at point of sale.It told BBC News any company hoping to become a supplier would have to commit to “be 100% renewable for their Apple production” within 10 years.It follows climate-focused pledges by other technology giants.Microsoft arguably has gone further, by promising: to be carbon negative by 2030 by 2050, to have removed the same amount of carbon as it…

Read More