Category: Shortcode

Pakistan Issues Licences to 57 EV Manufacturers to Drive Green Transition

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Green-Transition

Islamabad: The government has granted licences to 57 electric vehicle (EV) manufacturers, marking a major step towards a cleaner and more sustainable transportation system. This initiative aligns with the National Electric Vehicles Policy (NEVP) 2019, which aims for 30% of all passenger vehicles and heavy-duty trucks to be electric by 2030, increasing to 90% by 2040. The policy also targets two- and three-wheelers, as well as buses, with 50% of new sales expected to be electric by 2030 and 90% by 2040. To boost local EV production, the government has…

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Shocking Truth: Pakistan’s Electric Vehicle Goals May Be Unrealistic”

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electrical-vehicles

Renowned automobile expert Sunil Sarfraz Munj, co-founder of PakWheels, has expressed skepticism about Pakistan’s ability to achieve its target of electric vehicles (EVs) making up 30% of the total vehicle market. In a recent podcast, Munj cited the lingering electricity crisis in many parts of the country as a major obstacle. He emphasized that EVs are not a viable option for long-haul travel globally, due to the lack of charging facilities. Munj noted that while EVs are suitable for urban areas with accessible charging stations, their adoption in Pakistan is…

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Call to Accelerate Carbon Policy for Greater Impact

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Carbon-Policy

Lahore: Pakistan’s National Carbon Market Policy, launched in November 2023, reflects the country’s commitment to emission reductions, but lags behind regional counterparts in ambition, sector coverage, and global integration, potentially limiting its ability to attract climate finance and investment, say garment manufacturers and exporters. Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Regional Chairman Dr. Ayyaz Uddin highlighted that while the policy is a step forward, it requires enhanced sectoral coverage, including cement, steel, and transportation, which are currently underrepresented. In contrast, India and China have prioritized these industries in…

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EU Urged to Secure Free-Trade Deal on US LNG

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Pakistan-LNG

Paris: TotalEnergies CEO Patrick Pouyanne has called on Europe to negotiate a free-trade guarantee for US liquefied natural gas (LNG), citing concerns over an increasingly unpredictable global trade environment. His remarks come as US President Donald Trump imposes new tariffs on Chinese imports, prompting Beijing to retaliate with a 15% levy on US LNG and 10% on US crude oil. Speaking after TotalEnergies’ Q4 earnings announcement, Pouyanne highlighted that US LNG export capacity is set to double in the coming years. However, he warned of the risks associated with over-reliance…

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Pakistan Finalizing National Minerals Harmonisation Framework 2025

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National-Minerals

Islamabad: The government is in the final stages of finalizing the National Minerals Harmonisation Framework 2025, a key initiative aimed at attracting investment in Pakistan’s mineral sector. All provinces, along with Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan, are set to adopt the policy by February 26, 2025. The framework will be formally unveiled at the Pakistan Critical Minerals Summit on April 9. Boost for Mining Sector & Reko Diq InvestmentSaudi Arabia has already shown interest in acquiring 15% shares in the Reko Diq copper and gold mining project, a…

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