KARACHI: The upcoming National Electric Vehicle Policy (NEVP) 2025-30 aims to reshape Pakistan’s automotive industry with a shift from fossil fuel vehicles to electric alternatives through notable tax breaks on imports. However, local EV assemblers are concerned that these liberal import measures will hinder domestic manufacturing efforts. A key feature of the policy draft offers reduced customs duties for imported…
Read More
ISLAMABAD: The government and the International Monetary Fund (IMF) are grappling with unresolved energy sector issues, raising concerns of potential defaults among major public-sector entities. These challenges are casting doubt on the stability of the $7 billion loan program signed just two months ago. The IMF, led by mission chief Nathan Porter, also expressed concern over missed provincial cash surplus…
Read More
Karachi, 14 November 2024 – FrieslandCampina Engro Pakistan Limited (FCEPL), a major player in Pakistan’s dairy industry, has partnered with Reon Energy to establish a 3.4 MW solar power system at FCEPL’s Sahiwal manufacturing facility. This initiative marks a substantial step toward sustainability, enabling FCEPL to generate 5,013.6 MWh of clean energy annually and reducing CO2 emissions by approximately 2,506…
Read More
HONG KONG SAR – amfori, a global leader in sustainable trade, successfully concluded its flagship event, the “amfori Asia Sustainability Summit 2024,” at Hotel ICON in Hong Kong SAR, China. The summit gathered over a hundred stakeholders from Asia and Europe, including policymakers, business leaders, and sustainability advocates, to explore Asia’s pivotal role in global trade resilience and sustainability. Under…
Read More
Karachi – In a groundbreaking webinar titled “Bridging the Gap: How COP29 and the Education Sector Can Drive Inclusive Climate Leadership,” the Pakistan Alliance for Girls Education (PAGE), in partnership with the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) central standing committee on Sustainable Development Goals (SDGs), highlighted the need for gender-responsive leadership to combat climate change. Held…
Read More
KARACHI — The Oil and Gas Development Company Limited (OGDCL) has announced the start of gas production from its Uch-35 development well. Drilled to a depth of 1,345 meters using in-house expertise, the well taps into the hydrocarbon-rich Sui Main Limestone (SML) formation, as disclosed in a statement to the Pakistan Stock Exchange on Wednesday. The Uch-35 well is producing…
Read More
ISLAMABAD — The National Transmission and Dispatch Company Limited (NTDC) acknowledged significant delays in executing the power distribution and transmission enhancement investment program, which is funded by multilateral and bilateral partners. Citing challenges in land acquisition and procurement, NTDC stated that these delays are escalating costs and leading to additional commitment charges. During a Senate Standing Committee on Economic Affairs…
Read More
ISLAMABAD — Government delays in finalizing a tariff for Electric Vehicle (EV) charging stations are hindering progress for both investors and consumers, according to sources. The National Electric Power Regulatory Authority (NEPRA) and the National Energy Efficiency and Conservation Authority (NEECA) have yet to agree on a tariff framework, leaving companies like Attock Petroleum Limited (APL) in limbo. APL has…
Read More
ISLAMABAD — Minister for Power Sardar Awais Khan Leghari has called on development partners, including the Asian Development Bank (ADB), to invest in preparing Pakistan’s power Distribution Companies (Discos) for privatisation. The minister shared this proposal during a meeting with an ADB delegation led by Country Director Xiaoqin (Emma) Fan. Discussions centered on energy sector collaboration, with Leghari commending ADB’s…
Read More
BAKU, AZERBAIJAN — Global carbon dioxide emissions are projected to reach an unprecedented 41.6 billion metric tonnes in 2024, intensifying the risks posed by climate change, scientists warned at COP29. The Global Carbon Budget report, released at the UN climate summit, highlights a 1 billion tonne increase from last year’s emissions of 40.6 billion tonnes. Emissions from fossil fuels—coal, oil,…
Read More
