BEIJING: President Asif Ali Zardari on Thursday witnessed the signing of Memorandums of Understanding (MoUs) worth more than $300 million in the energy, coal, and cement sectors in Beijing. The agreements, signed between Pakistani stakeholders and Chinese investors, aim to enhance the country’s industrial growth and energy sustainability. The Energy Department of the Government of Sindh and Ming Yang Renewable…
Read MoreDay: February 6, 2025
Pakistan, China sign MoUs to enhance cooperation in clean energy, construction
Pakistan and China signed multiple memorandums of understanding (MoUs) Thursday to enhance cooperation in different fields, including renewable energy, fertiliser and construction. An MoU was signed between Pakistan’s Thatta Cement Company and China’s Qing Gong Construction Group, under which a production line will be set up in Pakistan to increase cement production by 5,000 tonnes per day. Another MoU was…
Read MoreOil firms slightly as Trump policies continue to drag on prices
LONDON: Oil prices edged up on Thursday after Saudi Arabia’s state oil company raised its March crude prices sharply, but the gains barely dented the previous day’s slide in benchmark Brent crude. Brent crude futures rose 28 cents, or 0.4%, to $74.89 a barrel by 1251 GMT. U.S. West Texas Intermediate crude was up 29 cents, also 0.4%, at $71.32.…
Read MorePakistan Issues Licences to 57 EV Manufacturers to Drive Green Transition
Islamabad: The government has granted licences to 57 electric vehicle (EV) manufacturers, marking a major step towards a cleaner and more sustainable transportation system. This initiative aligns with the National Electric Vehicles Policy (NEVP) 2019, which aims for 30% of all passenger vehicles and heavy-duty trucks to be electric by 2030, increasing to 90% by 2040. The policy also targets…
Read MoreShocking Truth: Pakistan’s Electric Vehicle Goals May Be Unrealistic”
Renowned automobile expert Sunil Sarfraz Munj, co-founder of PakWheels, has expressed skepticism about Pakistan’s ability to achieve its target of electric vehicles (EVs) making up 30% of the total vehicle market. In a recent podcast, Munj cited the lingering electricity crisis in many parts of the country as a major obstacle. He emphasized that EVs are not a viable option…
Read MoreCall to Accelerate Carbon Policy for Greater Impact
Lahore: Pakistan’s National Carbon Market Policy, launched in November 2023, reflects the country’s commitment to emission reductions, but lags behind regional counterparts in ambition, sector coverage, and global integration, potentially limiting its ability to attract climate finance and investment, say garment manufacturers and exporters. Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Regional Chairman Dr. Ayyaz Uddin highlighted that while…
Read MoreEU Urged to Secure Free-Trade Deal on US LNG
Paris: TotalEnergies CEO Patrick Pouyanne has called on Europe to negotiate a free-trade guarantee for US liquefied natural gas (LNG), citing concerns over an increasingly unpredictable global trade environment. His remarks come as US President Donald Trump imposes new tariffs on Chinese imports, prompting Beijing to retaliate with a 15% levy on US LNG and 10% on US crude oil.…
Read MorePakistan Finalizing National Minerals Harmonisation Framework 2025
Islamabad: The government is in the final stages of finalizing the National Minerals Harmonisation Framework 2025, a key initiative aimed at attracting investment in Pakistan’s mineral sector. All provinces, along with Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan, are set to adopt the policy by February 26, 2025. The framework will be formally unveiled at the Pakistan Critical Minerals Summit…
Read MoreZardari, Xi Pledge to Expand CPEC and Strengthen Strategic Ties
Islamabad/Beijing: President Asif Ali Zardari met Chinese President Xi Jinping in Beijing on Wednesday, reaffirming the long-standing strategic partnership between Pakistan and China and charting the course for the expansion of CPEC under its second phase. Held at the Great Hall of the People, the meeting focused on enhancing bilateral cooperation, regional connectivity, and shared prosperity through CPEC. Both leaders…
Read MoreBreathe Pakistan Conference Kicks Off in Islamabad to Tackle Climate Change
Islamabad is set to host a two-day international climate conference under DawnMedia’s ‘Breathe Pakistan’ initiative, beginning today at the Jinnah Convention Centre. The event brings together national and international experts to discuss viable solutions for climate resilience and mobilizing climate finance. The conference aims to position Pakistan as a climate-resilient nation by 2047 through collaboration with South Asian countries. Experts…
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