Electricity tariff adjustments are expectedly coming back to the mean. Having touched all-time highs to as high as Rs10/unit for monthly adjustment – the last two months have seen the FPA down to 21 and 8 paisas, respectively. The actual impact would still be higher, as the collection for August 2022 is spread over six months in equal installments of…
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Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that Pakistan and China have agreed to revive the China-Pakistan Economic Corridor (CPEC) project which was left pending by the previous government. A six-member delegation of the Chinese People’s Association for Friendship with Foreign Countries (CPAFFC) led by its President Lin Songtian on Thursday called on Federal Minister for Planning,…
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Pakistan and Saudi governments are giving final touches to several pacts including Bilateral Investment Treaty (BIT) during the forthcoming visit of Saudi Crown Prince and Prime Minister, Muhammad bin Salman to Pakistan, well informed sources told Business Recorder. Last week, a Pakistani delegation led by Minister of State for Petroleum and Natural Resources, Dr Musadik Masood Malik visited Saudi Arabia and…
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Di number of delegates wey get links to fossil fuels wey dey in attendance for di UN climate summit jump to 25% from di last meeting. One analysis wey BBC get show. Campaign group Global Witness discover say more dan 600 pipo wey dey Egypt for di Climate Change Summit dey linked to fossil fuels. Dis one pass di combined…
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The federal government cannot ensure smooth supply of eight-hour gas during cooking hours in the coming winters to domestic consumers of both gas companies – Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company (SSGC) as $37 per mmbtu subsidy is required. Captain Muhammad Mahmood (retired), Additional Secretary (Incharge) for the Ministry of Energy (Petroleum Division) apprised a…
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Pakistan needs a mammoth $348 billion in eight years – 800% more than the current annual budget – to stop climate-induced disasters. Climate change, however, has the potential to shave off one-fifth of the economy if no action is taken now, says a new report released by the World Bank. The World Bank Group, on Thursday, released the Country Climate…
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As one of the fastest-growing renewable energy sources in mitigation of climate change, solar PV is playing a major role in the future global electricity generation mix. With the upgrading of technology and products and the increase in application scenarios, distributed photovoltaics is showing enormous potential. According to industry analysts, distributed PV accounted for 47.9% of newly installed solar capacity…
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Pakistan in 2022 became the canary in the mine of climate change. The flood that ravaged one-third of the country this year came from the sky, not from overflowing rivers. An area larger than many European countries became a flood-lake many feet deep. The calamity was an undeniable consequence of global warming. Pakistan has [been] flooded before but it has…
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The World Bank has estimated that the total investment needs for a comprehensive response to Pakistan’s climate and development challenges between 2023 and 2030 amount to around $348 billion which is equal to 10.7 per cent of cumulative GDP for the same period. This consists of $152bn for adaptation and resilience and $196bn for deep de-carbonisation, reveals the Country Climate…
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The Government is likely to engage an international firm to represent the government of Pakistan (GoP) at the London Court of International Arbitration (LCIA) in dispute with Star Hydro Power Limited (SHPL) and National Transmission and Despatch Company Limited (NTDCL), well informed sources told Business Recorder. In this regard, a meeting was held at the Office of the Attorney General…
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