Category: Shortcode

Denmark to Support Pakistan’s Green Energy Transition: Envoy Discusses Tech Transfer and Sustainability

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climate

ISLAMABAD: Denmark’s Ambassador Jakob Linulf met with Coordinator to the Prime Minister on Climate Change, Romina Khurshid Alam, on Tuesday to discuss support for Pakistan’s transition to green energy, climate resilience, and environmental sustainability. Ambassador Linulf emphasized Denmark’s expertise in renewable energy, offering knowledge-sharing and technology transfer to assist Pakistan’s sustainability goals. He also highlighted ongoing and future collaborations to combat climate challenges. Romina Khurshid reaffirmed Pakistan’s commitment to global climate action, particularly in marine protection, biodiversity, and sustainable resource management, noting the country’s success in increasing mangrove cover by…

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Massive Fire Engulfs Solar Panel and Cosmetics Warehouses in Karachi

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solar-panel

KARACHI: A massive fire broke out in two warehouses storing solar panels and cosmetics in Karachi’s Hawkesbay area on Tuesday. Officials reported that the blaze at the solar panel warehouse was controlled after 12 hours, but efforts continued late into the night to extinguish the fire at the cosmetics warehouse. DIG-South Syed Asad Raza stated that the cause of the fire is still under investigation. Rescue efforts were initiated promptly, with police evacuating workers and fire tenders from the Pakistan Navy and Air Force joining the operation. Rescue teams cited…

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Oil Prices Surge 4% Amid Escalating Middle East Tensions

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oil and gas

LONDON: Oil prices surged by about 4% on Tuesday following reports that Iran was preparing a missile attack on Israel, heightening concerns of broader conflict in the Middle East. Brent crude rose by $2.50, or 3.5%, to $74.20 a barrel, while US West Texas Intermediate (WTI) crude increased by $2.54, or 3.7%, to $70.71. The rise came as Israel launched limited ground raids into Lebanon, and Hezbollah fired missiles at Tel Aviv. The US warned of possible Iranian involvement. Analysts warned that Iranian oil facilities could be targeted, potentially disrupting…

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Petroleum Sales Surge by 5% in September Despite High Prices

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petrol-price

KARACHI: Pakistan’s overall oil sales saw a 5% increase in September, reaching 1.27 million tonnes, marking a 20% year-on-year (YoY) rise, according to Arif Habib Ltd (AHL). Petrol sales edged up by 2% month-on-month (MoM) to 0.63 million tonnes, reflecting a 22% YoY jump. High-speed diesel (HSD) sales also climbed 8% MoM to 0.49 million tonnes, surging by 25% YoY. Meanwhile, furnace oil (FO) sales increased by 5% MoM to 0.07 million tonnes but remained 18% lower YoY. For the first quarter of FY25, total oil sales dropped 3% YoY…

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Record Growth in Renewables Jobs Reaches 16.2 Million in 2023, Highlighting Need for Holistic Workforce Policies

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Renewable-Capacity

Record Growth in Renewables Jobs Reaches 16.2 Million in 2023, Highlighting Need for Holistic Workforce Policies October 2, 2024 Abu Dhabi, UAE/Geneva, Switzerland, 01 October 2024 – A new report from the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO) reveals a historic increase in renewable energy jobs in 2023, climbing from 13.7 million in 2022 to 16.2 million, an 18% rise. This surge reflects growing renewable capacities and expanding manufacturing in the sector. China led the job creation, hosting 46% of global renewable jobs, followed by…

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