PM Shehbaz Vows Further Reduction in Power Tariffs

Power-sector

ISLAMABAD: Prime Minister Shehbaz Sharif has assured that electricity tariffs will be further reduced for both domestic consumers and industries as part of ongoing reforms in the power sector. Chairing a review meeting on the energy sector, the prime minister expressed satisfaction over the progress of power sector reforms, stating that they are yielding positive results. He reaffirmed the government’s…

Read More

Zunaira Baloch Appointed UNICEF Youth Climate Advocate

Zunaira-Qayyum

ISLAMABAD: UNICEF has appointed Zunaira Qayyum Baloch, a 14-year-old climate activist from Hub, Balochistan, as its Youth Advocate for Climate Action and Girls’ Empowerment in Pakistan. Zunaira, a passionate advocate for climate action and child rights, has represented Pakistan’s youth on national and global platforms, including COP29. The announcement was made at the Dawn Media Breathe Pakistan Climate Conference, highlighting…

Read More

Aman-25 Maritime Drills Begin, Strengthening Regional Cooperation

Aman-25

KARACHI: The ninth Multinational Maritime Exercise Aman-25 commenced on Friday with a grand flag-hoisting ceremony at the Pakistan Navy Dockyard, where flags of 60 participating nations fluttered against the scenic seafront. The biennial exercise, a symbol of global maritime collaboration since its inception in 2007, aims to foster a secure and stable maritime environment. A message from Chief of Naval…

Read More

PV-Powered EVs Can Extend Range by 30%, Study Finds

electric-vehicles

Researchers from Germany and the Netherlands have demonstrated that integrating photovoltaic (PV) modules into light commercial electric vehicles (EVs) can increase driving range by up to 30%. Their findings, based on a four-month study, were recently published in Progress in Photovoltaics. The research involved mounting PV panels on a StreetScooter Work L EV and analyzing its energy performance during daily…

Read More

Global LCOE of Grid-Scale Solar to Drop 2% in 2025: Bloomberg NEF

soalr energy

A new report from BloombergNEF forecasts a continued decline in the levelized cost of electricity (LCOE) for grid-scale solar and battery energy storage globally in 2025. LCOE, a key metric for comparing energy technologies, measures the lifetime cost of a power plant divided by its total energy production. According to the report, the LCOE for fixed-axis utility-scale solar projects is…

Read More

Barrick’s Gold Reserves Surge with Reko Diq Expansion

Reko-Diq

BENGALURU: Canadian mining giant Barrick Gold reported a 23% increase in its proven and probable gold reserves, reaching 17.4 million ounces by the end of 2024. The surge was primarily driven by the company’s Reko Diq copper-gold project in Pakistan. Following the completion of its feasibility study at Reko Diq, Barrick added 13 million ounces of gold to its probable…

Read More

Time to Act: Experts Call for Climate Finance Reforms

Climate-Finance1

ISLAMABAD: Climate and finance experts have urged comprehensive reforms in both public and private sectors to mobilize crucial funding for climate action, particularly for adaptation measures. Speaking at DawnMedia’s Breathe Pakistan International Climate Change Conference, World Bank Global Director for Climate Change, Valerie Hickey, stressed the need for subsidy reforms to unlock climate finance. She highlighted that while $1 billion…

Read More

Pakistan, Turkiye Set to Sign MoUs to Boost Economic, Agricultural Ties

Pak-Turk

ISLAMABAD: Pakistan and Turkiye are poised to strengthen economic cooperation with multiple memoranda of understanding (MoUs), particularly in the agriculture sector, during President Tayyip Erdogan’s upcoming visit to Pakistan. Senior officials from both countries’ ministries of national food security and agriculture met on Wednesday to draft an action plan for future collaborations in agriculture and livestock. Pakistan invited Turkiye to…

Read More

Pakistan’s First-Ever ‘Made in Pakistan’ Expo Opens in Jeddah

Pak-Exhibition

ISLAMABAD: Commerce Minister Jam Kamal Khan on Thursday inaugurated the first-ever ‘Made in Pakistan’ exhibition in Jeddah, marking a milestone in Pakistan-Saudi trade relations. Addressing an audience of Saudi officials, business leaders, and diplomats, the minister emphasized the importance of strengthening economic ties and showcasing Pakistan’s diverse industrial capabilities. According to the Ministry of Commerce, the exhibition features Pakistan’s top-quality…

Read More

Petroleum Minister Advocates Mixed Pricing to Prevent Sectoral Bankruptcy

musadik-malik

ISLAMABAD: Petroleum Minister Dr. Musadik Malik has warned of potential “isolated bankruptcies” in the petroleum sector unless a weighted average price mechanism is introduced for imported, piped, and wellhead gas. He emphasized that rationalizing electricity rates would encourage a transition in transport, cooking, and heating sectors. Speaking before the National Assembly’s Standing Committee on Petroleum, Dr. Malik criticized the PTI…

Read More