Reports claim that environmental dilapidation can cause a loss of PKR 365 billion every year and hence, it can even deteriorate the economy! Climate change primarily is global warming caused by emission of greenhouse gases via human activity and is responsible for the large-scale alterations in the weather pattern. Human activity burns fossil fuels to produce energy which releases carbon…
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The climate change ministry is pursuing a multi-pronged policy to increase the share of renewable energy up to sixty percent in the national economy by 2030. According to the data shared by the ministry, it achieved early successes when it convinced the government to remove the cap on solar energy share in the national grid, shelve the policy of importing…
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The Pakistan Industrial and Traders Association Front Chairman Mian Nauman Kabir on Sunday rejected the government’s plan of imposing additional taxes of billions of rupees in the upcoming federal budget 2021-22, besides withdrawing duties and tax exemption of about Rs360 billion, leading to a new wave of inflation in the country. The PIAF Chairman, in a joint statement with vice…
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The state-run Oil and Gas Development Company Limited (OGDCL) has complained to the government over unfair treatment of liquefied petroleum gas (LPG) business of domestic producers against the imported commodity and demanded a level playing field. The OGDCL has reported to the government that serious challenges of LPG supply and uplifting are being faced by the domestic LPG producers due…
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Pakistan has immense potential for generating electricity through solar power. Almost all parts of the South Asian country are dry and hot, barring a few areas in the northwest. However, the country currently only produces a meager 1.16% of its electricity through solar power and 64% with fossil fuels. Other electricity sources include hydropower at 27% and nuclear at 5%.…
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Islamabad on Friday expressed its disappointment over a resolution adopted on Pakistan’s blasphemy laws by the European Parliament, which also called for a review of GSP (Generalised Scheme of Preferences) plus status of the country. The resolution, adopted on Thursday, demanded of Pakistan to allow space for religious freedom and urged the EU authorities to review the country’s GSP+ status…
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President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit. The dilemma boils down to demand, and there’s a certain chicken-and-egg quality to it. Most electric-vehicle drivers charge their…
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Suki Kinari (SK) Hydropower Project in Khyber-Pakhtunkhwa (K-P) achieved the second-stage river closure on Friday, entering a new phase of its dam construction. The successful cut of the Kunhar River’s main riverbed with the river being diverted to spillway is to create free-from-water working areas for construction of concrete dam of the power station under the China-Pakistan Economic Corridor (CPEC),…
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Some of India’s richest people are forming bubbles with their families and staff, while others are leaving for homes outside of major cities as a virus resurgence overwhelms the country’s medical system and spurs other nations to shut out Indian travelers. “I’ve been indoors with my family and our staff, that’s my story,” said Kris Gopalakrishnan, one of the billionaire-cofounders…
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Islamabad will seek debt restructuring of $3 billion against the China-Pakistan Economic Corridor (CPEC) energy projects in an effort to eliminate the need for increasing the power tariff by Rs1.50 per unit, Special Assistant to the PM on Power and Petroleum Tabish Gohar told The Express Tribune.“The country is scheduled to make Rs435 billion or nearly $3 billion principal repayments…
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