Author: Admin

Pakistan, China sign MoUs to enhance cooperation in clean energy, construction

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china pakistan

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 signed between Sindh’s Energy Department and China’s Ming Yang Renewable Energy Company. Under the agreement, cooperation will be extended on various renewable energy projects in Pakistan. Murad-led team meets top…

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Oil firms slightly as Trump policies continue to drag on prices

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Oil 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. Oil prices had plunged by more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signaled weaker demand while investors also weighed up the implications…

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Pakistan Issues Licences to 57 EV Manufacturers to Drive Green Transition

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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 two- and three-wheelers, as well as buses, with 50% of new sales expected to be electric by 2030 and 90% by 2040. To boost local EV production, the government has…

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Shocking Truth: Pakistan’s Electric Vehicle Goals May Be Unrealistic”

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electrical-vehicles

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 for long-haul travel globally, due to the lack of charging facilities. Munj noted that while EVs are suitable for urban areas with accessible charging stations, their adoption in Pakistan is…

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Call to Accelerate Carbon Policy for Greater Impact

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Carbon-Policy

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 the policy is a step forward, it requires enhanced sectoral coverage, including cement, steel, and transportation, which are currently underrepresented. In contrast, India and China have prioritized these industries in…

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