ISLAMABAD: The Senate Standing Committee on Finance on Wednesday regretted that the State Bank of Pakistan (SBP) had shared insufficient information on over Rs70bn established trade-based money laundering through the import of solar panels and ordered immediate payment to teachers their salaries pending since the start of the current fiscal year. Senator Saleem Mandviwalla, who presided over the meeting, lamented…
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Increasing taxes on polluting activities and cutting fossil fuel subsidies could generate trillions of dollars to tackle climate change, an advisory panel to the COP28 talks in Dubai said. Summit host the United Arab Emirates, a major oil producer, has said the two-week meeting starting on Thursday must deliver “tangible action” on climate funding, which has been squeezed by rising…
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ISLAMABAD: Pakistan will strive for operationalisation of $100 billion loss and damage fund and equal funding for the climate change mitigation as well as adaptation at COP28 summit going to held in Dubai from Thursday. Being the worst affected country due to climate change, Pakistan needs around $348 billion by 2030 to take climate action, both to mitigate and adapt…
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Marks 60 years in Pakistan, signalling new era in country’s automotive industry KARACHI: Chief Officer of Motorcycle and Power Products at Atlas Honda, Noriaki Abe, unveiled Honda’s inaugural electric vehicle (EV) motorcycle, the Honda BENLY-e, as part of the celebration of Atlas Honda’s 60th year of operations in Pakistan. The unveiling took place during a ceremony at Atlas Honda’s Sheikhupura…
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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…
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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…
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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…
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KARACHI: Ghani Chemical Industries Limited (GCIL), a manufacturer of medical and industrial gases and chemicals, said on Monday it will set up a $5-5.5 million coal power plant to reduce its electricity costs and gain a competitive edge. The company in a filing to the Pakistan Stock Exchange (PSX) said that it has decided to set up a 7 megawatt…
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NEPRA frames questions based on comments from industrialists, other stakeholders ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is set to conduct a public hearing on Tuesday to consider a request for the renewal of K-Electric’s (KE) electricity distribution and supplier licence. Nepra has framed 17 questions in response to comments from various stakeholders while KE will present its arguments.…
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Pakistan and the United Arab Emirates on Monday signed memorandums of understanding (MoU) pertaining to investment cooperation that will unlock “multi-billion dollars” in funding from the Mideast state. The development came in a meeting between caretaker Prime Minister Anwaarul Haq Kakar and UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi during the former’s week-long trip to the Middle East.…
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