Category: Shortcode

EVs’ manufacturing licenses: two, three wheelers take front seat in Pakistan

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Electric-Vehicles

A four-wheel EV manufacturer yet to approach govt for license under EV policy In Pakistan, 32 companies have so far received manufacturing licenses under the Electric Vehicles (EVs) Policy 2020–2025 and all of them are two and three wheeler manufacturers, a govt official told Business Recorder on Friday. No four wheel manufacturer has approached the government till date for the license under EVs policy, said Asim Ayaz, General Manager Policy, Engineering Development Board (EDB). “One or two companies are working on EV four wheelers. However, no formal request has been received so…

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IMC generates 4.5MWs solar energy to increase its green energy share: Jamali

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solar-panel

ISLAMABAD-Chief Executive Indus Motor Company Ali Asghar Jamali has said that IMC has been using the largest solar plant by any automobile company in the country with 4.5MWs energy generation as they are committed to increase green energy’s share in their overall energy consumption.He was speaking at the “Champions of Change: A Dialogue with the Private Sector” conference held here on the severe impacts of emissions on Pakistan’s health, lives, and the environment. “Toyota’s global commitment is to go carbon neutral by 2035 and reaching out to net zero emissions…

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PRL, Ogra seal pivotal agreement under Brownfield Refinery Policy

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PRL-Ogra

Islamabad-Pakistan Refinery Limited (PRL) has become the first one to sign agreement with Oil and Gas Regulatory Authority (OGRA) and under Brownfield Refinery Policy, while other have refused to go ahead with a plan owing to differences over draft of agreement.In a landmark development aligning with Pakistan’s refining policy, the Oil and Gas Regulatory Authority (OGRA) and Pakistan Refinery Limited (PRL) have officially inked a pivotal upgrade agreement Thursday, said a spokesperson for OGRA. Brownfield Refinery Policy was approved by the Federal Cabinet on August 8, 2023, aiming to encourage…

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Restructuring of FBR: Customs to be separated from revenue collection mechanism, says Dr Shamshad

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Shamshad-Ather

Caretaker Finance Minister Dr Shamshad Akhtar has said that the government is taking restructuring measures in the Federal Board of Revenue (FBR) to ‘remove the apparent conflict of interest in tax collection’ as well to enhance the taxmen’s performance. “We have developed an action plan for restructuring Pakistan’s tax administration,” Akhtar said while speaking virtually at The Future Summit organised by the Nutshell Group, which concluded here on Thursday. “To us, the most absolute element there is strengthening the internal governance of the FBR. “Today, I have a decision that…

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Net-zero emissions: Corporations urged to prioritise transparency in commitments

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Corporate-Sector

KARACHI: Industrialists, researchers, academia, and civil society activists came together at the “Champions of Change: A Dialogue with the Private Sector” conference in Karachi on Wednesday, urging corporations to prioritise transparency and accountability in their commitment to achieving net-zero emissions. The discussions centered on the severe impacts of emissions on Pakistan’s health, lives, and environment. The conference paved the way for the launch of two ground-breaking research studies. The first, titled “Scoping Study of Corporate Sector Energy Consumption,” conducted by the Indus Consortium in collaboration with the research team of…

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