Category: Shortcode

A capacity building workshop on green Finance organized by Sustainable Development Policy Institute (SPDI) and GIZ (German Cooperation) on Tuesday at a local hotel of Karachi. Special assistant to Prime Minister Romina Khursheed, Acting Governor State bank of Pakistan Syed Murtaza and other development sector experts attended.It is imperative to mobilize multiple green finance options, especially private sector finances, to support Pakistan in achieving the Nationally Determined Contributions (NDCs) in terms of reduction in carbon emissions by 2030, said the experts at a workshop for Implementation of Green Financing Mechanisms in Pakistan.Speaking…

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There is another electric shock in the offing for the consumers as power firms have sought an increase in tariff by Rs7.96 per unit on account of fuel price adjustment for month of May 2022. The Central Power Purchasing Agency (CPPA) has filed an application on behalf of power companies, pleading the power sector regulator to allow increase in electricity rates due to use of expensive fuel in power generation. The total cost of power generation from various sources stood at Rs13.8969 per unit during the month of May 2022…

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The government has decided to convert 3,960 MW of electricity generated from imported coal onto local coal of Thar to stop consuming the costly foreign exchange reserves for the import of coal, which is no longer available at low prices. The coal price has shot up to $400 per metric ton, a senior official at the Energy Ministry told The News. “The average per-unit cost of coal-based electricity used to be at Rs4-5 per unit, which has swelled to over Rs18 per unit, mainly because of an increase in imported…

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Pakistan High tech sector is committed to upholding the highest level of defense preparedness”, was stated by Dr. Haroon Qureshi, President of Pakistan Aerospace Council in his speech at a dinner hosted in honour of Air Marshal Shahid Hamid (Retd) and Air Marshal Arshad Malik (Retd) for their lifetime achievements and services to Pakistan Aerospace & Defence Sector. Air Marshal Muhammad Mughees Afzal, Chairman Pakistan Aeronautical Complex,Air Marshal Ahmed Hassan Marwat, Deputy Chief of the Air Staff (Engineering) and Executives from 25 member companies of Pakistan Aerospace Council also attended…

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Italian company Eni on Sunday joined Qatar Energy’s $28.75b project to expand production from the world’s biggest natural gas field, days after Russia slashed supplies to Italy. Eni will own a stake of just over 3pc in the North Field East project, Qatar Energy’s CEO told a signing ceremony in Doha. Qatar announced last week that France’s TotalEnergies will be its first, and largest, foreign partner on the development, with a 6.25pc share. An unknown number of companies are also set to be named. “Today I’m pleased… to announce the…

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