Category: Shortcode

Amid declining domestic gas production and expensive fuel imports, a new policy for conversion of Coal-to-Gas (LTG) and Coal-to-Liquid (CTL) with lucrative tax holidays and duty exemptions is being finalised to be made part of the upcoming federal budget 2022-23. Informed sources said the draft Policy on Coal-to-Liquid and Coal-to-Gas was prepared by Oracle Power and China National Coal Development Co (CNCDC). The policy, according to the Special Assistant to Prime Minister on CPEC Khalid Mansoor, is aimed initially at scaling up Thar coal production for CTG and CTL (diesel)…

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The Islamic Development Bank has signed three financing agreements, valued at $180 million, with the Government of Pakistan, to support its green agenda, it said, in a statement.  The financing is set to fund the Mohmand Dam and Hydropower Plant project. It aims to add 800 megawatts to Pakistan’s installed hydropower capacity and generate approximately 2,862 gigawatt hours annually.  “We are working with other players from the Arab Coordination Group to develop a multi-purpose dam. It will not only enhance energy and water supply, but also the livelihoods of the local…

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Foreign Minister Makhdoom Shah Mahmood Qureshi met the Secretary General of the Organization of Islamic Cooperation (OIC), H.E. Mr. Hissein Brahim Taha, today. The OIC Secretary General is visiting Islamabad for participation in the 48th Session of the OIC Council of Foreign Ministers (CFM). The Foreign Minister and the OIC Secretary General reviewed the agenda of the 48th CFM and exchanged views on the main outcomes expected from the Conference. They also discussed the issues confronting the Islamic Ummah and the role of the OIC in that regard. The Foreign…

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Indus Motor Company (IMC), aligning itself with the spirit of Toyota’s global corporate initiative, “Start Your Impossible” (SYI), has signed on an emerging mountaineer, Asad Ali Memon as its newest SYI champion.Asad is a 24-year-old, high potential sportsman from Larkana, Sindh. Since the beginning of his mountaineering career in 2016, he has summitted several peaks both in Pakistan and internationally and made multiple records, which brought Pakistan under the spotlight of international attention. In 2021, he set a world record when he climbed the Kilimanjaro and back in 20 hours.The…

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Turkey has said it is ready to host a meeting between Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin.Ukraine president Volodymyr Zelensky has calls for urgent talks with Russia, saying in a Facebook video they are the “only chance for Russia to minimise the damage done with their own mistakes”. Zelensky has been pushing for direct talks with Putin. Moscow claims that several rounds of negotiations have made progress on one of its key demands — that Ukraine becomes a neutral state. Kyiv, which is demanding international security guarantees,…

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