Getz Pharma Pvt. Ltd. announced today that its new manufacturing facility, named Astola, has been awarded the First LEED Platinum Certification for a pharmaceutical plant in South Asia, by the U.S. Green Building Council. With this achievement, Pakistan has proudly become the first South Asian country to have received the LEED Platinum Level Certification for a pharmaceutical plant. Achieving the…
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The National Electric Power Regulatory Authority (Nepra) has revised the seven- month tariff for K-Electric on account of fuel adjustment. It allowed the power utility to increase the rates for July, August, September and December 2020, and decrease the tariff for June, October and November 2020. Nepra issued a decision on Friday relating to revision in tariff for K-Electric on…
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The government is making its mind to introduce more slabs for electricity consumers to ensure the implementation of targeted subsidies in the next budgetary year 2021-22. “Yes, we are working on it and will carve out slabs starting from 200-300 units 301-400 units, 401-500 units, 501-600 units and 601-700 units and so on for ensuring the targeted subsidy,” SAPM on…
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A new Indicative Generation Capacity Expansion Plan (IGCEP) has been submitted by the National Transmission and Despatch Company (NTDC) for the regulator’s approval. There are some questionable recommendations made in the model that we will discuss in this space. Should we adopt the recommendations because a computer model has been used or we should apply our minds, analyse and evaluate…
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Our national railways are apparently going solar. Pakistan Railways recently announced that it is looking to shift 155 railway stations to solar energy. The directive will be taken under the government’s policy to use alternative environment-friendly energy resources. Pakistan Railways Public Relations Director Nazia Jabeen in a statement said that the total cost of the project would be Rs450 million.…
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Innovations are constantly occurring in every industry, but every once in a while, we see a disruptive innovation entirely transform a complicated product. It is often a simpler, more affordable, and accessible solution that revolutionizes the market. We saw this with the advent of cheap transistor radios in the 1950s, as they ushered the era of portable electronics, and then…
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Even giants like the United States and India have had difficulty dealing with the coronavirus pandemic. Donald Trump, Dwayne Johnson, and Ellen DeGeneres have all been infected by this virus. In this situation, Pakistan has succeeded in reviving its economy, which is expected to grow by nearly 4% in 2021, exceeding initial projections. The State Bank of Pakistan (SBP) initially predicted a…
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The government has completed the first payment transaction of 40 per cent to 20 Independent Power Producers (IPPs) amounting to Rs89.2 billion equally divided in cash 5 years’ Sukuk and 10 years’ PIBs. “In compliance with the directives of the Prime Minister and under guidance of the Finance Minister, the government has completed the first payment transaction of 40 per…
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Policymakers are under immense pressure to deliver on promises made as part of the Paris Agreement, a landmark accord widely recognized as critically important to avoid the most devastating impact of climate change. Almost 200 countries, including Russia and Saudi Arabia, ratified the Paris climate accord in 2015, agreeing to pursue efforts to limit the planet’s temperature increase to 1.5…
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Karachi (June 04, 2021): On the occasion of World Environment Day, Coca-Cola reiterated its commitment to protect natural ecosystems across Pakistan as part of its sustainability agenda for which Water, Waste and Women are the three core focus areas. Over 10 million beneficiaries have been positively impacted by the company’s interventions through water stewardship, 85 percent of plastic waste is collected…
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