Author: Admin

ISLAMABAD: Planning and Development Minister Ahsan Iqbal on Monday directed relevant ministries to finalise a prioritised list of the most critical power and hydel projects to be completed over the next three years, as part of efforts to reduce delays, control costs and strengthen energy security. While reviewing Public Sector Development Programme (PSDP) schemes in the power sector, the minister was informed that 37 critical projects with a combined approved cost of Rs1.7 trillion were currently under implementation. Of this amount, Rs1.1 trillion had been spent up to June 30,…

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NEW DELHI / ISLAMABAD: India’s renewed push to advance controversial hydropower projects on the Chenab River has triggered strong reactions from environmentalists and Pakistan alike, amid growing concerns over climate change, fragile Himalayan ecology, and the future of the Indus Waters Treaty (IWT). India’s Ministry of Environment has recently approved the 260-megawatt Dulhasti Stage-II hydropower project in Kishtwar district of India-held Jammu and Kashmir, according to The Hindu. Earlier reports also indicated that environmental clearances were revived for the much larger Sawalkote hydropower project on the same river. These approvals…

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ISLAMABAD: Chinese-owned United Energy Pakistan Limited (UEP), one of Pakistan’s largest foreign oil and gas producers, is facing a severe financial crisis due to nearly $300 million in unpaid receivables and prolonged delays in tax refunds, sources told Profit. The cash-flow crunch has already forced the company to lay off around 70 employees and threatens its operational sustainability. A subsidiary of Hong Kong-based United Energy Group, UEP operates major upstream oil and gas assets in Sindh and also runs a 99 MW wind power project at Jhimpir under CPEC. Despite…

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WASHINGTON: The year 2025 has emerged as one of the harshest in recent history for poor and conflict-affected countries, as prolonged wars, climate shocks and deep cuts in global aid converged to create what humanitarian agencies describe as a “new world disorder.” According to the Peace Research Institute Oslo (PRIO), 61 wars were ongoing across 36 countries in 2024—the highest since World War II—and most of these conflicts dragged on into 2025, intensifying displacement, hunger and instability. Save the Children estimates that wars left 60 million children starving this year,…

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