Category: Uncategorized

Energy Sector Shake-Up: Dr. Musadik Malik’s Exit Looms as Petroleum Minister

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Musadik-Malik

Islamabad – A major reshuffle in Pakistan’s energy leadership appears to be on the horizon, as reports suggest Prime Minister Shehbaz Sharif is set to remove Dr. Musadik Malik from his position as Federal Minister for Petroleum. The revelation comes from senior journalist Sohail Iqbal Bhatti, who shared the details during a recent podcast episode. According to Bhatti, discontent within the energy sector has reached critical levels, driven by what he described as Dr. Malik’s “uncooperative and unprofessional” approach. Industry stakeholders have reportedly struggled to collaborate with the minister due…

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HBL Champions Sustainability and Social Impact with 2023 Report

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New-HBL

HBL (Habib Bank Limited) reaffirms its dedication to sustainability and positive social change through its 2023 Impact Report, which reflects the bank’s commitment to addressing climate change, promoting financial inclusion, and combating poverty. Embracing the values of the Aga Khan Development Network (AKDN), HBL believes that true impact extends far beyond charitable contributions. With ambitious goals, HBL is targeting Net Zero emissions by 2030, having made significant strides in 2023. Notably, the bank solarized 235 of its premises, invested Rs 36 billion in renewable energy projects, and took a strong…

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Chinese Official Criticizes Pakistan Over “False Rhetoric” and Security Challenges in CPEC Projects

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CPEC-Projects

ISLAMABAD: Wang Shengjie, China’s political secretary to Pakistan, has expressed grave concerns about the future of the $62 billion China-Pakistan Economic Corridor (CPEC), citing Pakistan’s “false rhetoric” and inadequate security measures. In an interview with The Guardian, Wang highlighted growing tensions over unmet expectations and security risks jeopardizing China’s flagship Belt and Road Initiative project. “Without improved security, who would risk working in such an environment? Anti-Chinese sentiment in Gwadar and Balochistan is a major obstacle,” Wang said, accusing Pakistan of creating unrealistic expectations about CPEC’s transformative potential. CPEC, launched…

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Pakistan Urges Global Support for Clean Energy Transition at UN Event

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New-Project27

ISLAMABAD: Pakistan has called for enhanced global policies and concessional financing to help developing countries, struggling with limited fiscal space, transition to clean energy. This appeal was made during an event co-hosted by Islamabad to mark the ‘International Day of Clean Energy’ at the United Nations (UN) headquarters in New York, as reported by state media on Sunday. Observed annually on January 26, the International Day of Clean Energy aims to raise awareness and inspire action for the global shift toward sustainable energy. The event was organized by the “Group…

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China’s Solar Sector Update: NEA Finalizes Distributed Solar Rules, Longi Secures Major Deal

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Solar-Modules

BEIJING: The National Energy Administration (NEA) has issued the final Administrative Measures for the Development and Construction of Distributed Solar Power Generation, replacing the interim regulations from 2013. These comprehensive rules outline standards for all stages of distributed solar projects, including definitions, oversight, project filing, construction management, grid integration, and operations. Effective May 1, 2025, the new framework will apply to newly connected projects, while existing systems will remain under the previous guidelines. NEA Deputy Director Pan Huimin highlighted that China installed 120 GW of distributed solar in 2024, accounting…

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