Category: Uncategorized

ADB gives $180m for water, waste management

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Asian-Development-Bank

ISLAMABAD: The Asian Development Bank (ADB) on Tuesday announced that it had approved a $180 million loan to improve water supply and solid waste management services in Punjab’s two rapidly growing cities — Rawalpindi and Bahawalpur. In a statement, the Manila-based lending agency said the loan was expected to benefit about 1.5 million people through the Developing Resilient Environments and Advancing Municipal Services in Punjab and help curtail excessive groundwater extraction and urban environment degradation by expanding and modernising urban water supply in Rawalpindi and solid waste management systems in…

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NEPRA hears petition for grant of distribution, supplier license to K-Electric for 20 years

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k-electric

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has heard K-Electric’s petition for the grant of a non-exclusive distribution license and supplier license for the next 20 years to its service territory including Karachi, Dhabeji, and Gharo in Sindh and Balochistan’s Hub, Bela and Vinder regions.The hearing was attended by various stakeholders including Karachi’s industries and the general public. KE’s senior leadership including Chief Financial Officer Aamir Ghaziani, Chief Distribution Officer Fawad Gilani, and Chief Marketing and Communications Officer Sadia Dada, represented the company to address the questions framed by the…

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Experts call for tackling water crisis with potential solutions

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water-crisis

KARACHI: Experts at the 6th Karachi International Water Conference have called for tackling the water crisis in the country with potential solutions and bringing about a positive change in this regard. This important two-day event not only shed light on critical water issues but also provided a platform for collaborative solutions and a renewed commitment to addressing the water crisis and climate discourse. The conference stood as a testament to the power of collective action in tackling pressing global challenges. On the second day of the conference of Hisaar Foundation,…

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Advancing Pakistan’s EV Policy

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Electric-bikes

Earlier this month, the government of Punjab declared a smog emergency. A few days later, the Lahore High Court ordered school and office closures twice a week to mitigate smog in the largest city of Punjab. According to a 2018 study, air pollution comes from vehicular emissions, industry and agriculture through crop burning.The electric vehicle revolution Globally, the electric vehicle (EV) revolution is accelerating, driven by environmental concerns and advancements in automotive technology. Yet, Pakistan’s advancement to the shift remains tepid. This is proven by the low EV adoption rate…

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The fallacy of competitive energy rates

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Chinese-power

Subsidisation of inefficiency fosters rent-seeking behaviour, impedes capital flow into efficient sectors such as IT ISLAMABAD: The interim government, in its recent policy move, opted to increase gas prices while rejecting the idea of eliminating subsidies for exporters. Export subsidies have been a contentious and enduring issue in Pakistan’s economic landscape for a considerable span of time. The government’s tendency to extend these subsidies to the export sector, often dressed in the attire of tax relief and discounted energy price, has been a matter of some debate. Advocates, including notable…

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