Category: Shortcode

As the world enters a new industrial age, where technology manufacturing for clean energy will lead the way, total investments in clean energy technologies and infrastructure have to top $4.5 trillion in 2030 under the net-zero emissions by 2050 scenario, the International Energy Agency (IEA) said in a new report this week. The unprecedented scale of required investment will need industrial strategies from the countries to mobilize those investments across all regions, technologies, and supply chains. The task is enormous, and risks are also greater due to the heavily concentrated…

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In order to keep the POL [petrol, oil, lubricants] prices unchanged for the next fortnight, the government jacked up petroleum development levy (PDL) on high-speed diesel (HSD) by Rs2.50 per litre and increased it from Rs32.50 to Rs35 per litre with effect from January 16, 2023. Under the IMF [International Monetary Fund] agreement, the government seeks Rs855 billion through petroleum development levy in the current fiscal year, 2022-23. The government wants to maximise the PDL collection up to Rs50 per litre on all POL products, but so far it has…

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The Supreme Court was infor­med on Thursday that various factors, including recent floods and Covid-19, delayed the construction of the Mohmand and Diamer-Bhasha dams for at least nine months to a year. In addition to the natural disasters, development funds have also not been released by the government to help ameliorate the equity injections on part of Wapda for the construction of the dams. Headed by Chief Justice of Pakistan (CJP) Umar Ata Bandial, a five-judge bench was told that the dam fund created in 2018 by then chief justice…

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The government has decided to manufacture solar panels in the country, and in this regard Prime Minister, Shehbaz Sharif has tasked the Ministry of Industries and Production (MoI&P) to ensure the federal cabinet’s approval on a policy latest by March 31, 2023. According to sources, the minister for finance and revenue has been tasked to work out a plan for early release of solar panels stuck at ports while a forex cushion would be kept for uninterrupted import of solar equipment for the success of the PM’s initiative for solarisation. …

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Sui Northern Gas Private Limited (SNGPL) on Thursday said it would soon initiate door to door surveys of houses to monitor and ensure the installation of conical baffles in domestic geysers. It was reported that if a consumer was found to be using gas geysers without baffles, the SNGPL would install the baffles in it. Earlier, Oil and Gas Regulatory Authority (Ogra) obligated the installation of conical baffles inside existing and new geysers in a bid to curb the shortage of gas in the country. The deadline to follow the…

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