Author: Admin

Pakistan Secures \$700 Million IFC-World Bank Loan for Reko Diq Project

Admin

ISLAMABAD: In a major breakthrough, Pakistan has secured a \$700 million concessional loan from the International Finance Corporation (IFC) and the World Bank for the Reko Diq mining project — a landmark development in the country’s resource sector. The approval, granted during a board meeting in Washington, marks a diplomatic win for Islamabad and a blow to India, which had reportedly lobbied against the financing. The decision is expected to unlock \$2.5 billion in private sector investment for the project, positioning Reko Diq as one of the most significant mineral…

Read More

Pakistan Needs \$100 Billion to Achieve Carbon-Neutral Energy Transition by 2050

Admin
Wind-Power

LAHORE: Pakistan is accelerating its shift away from fossil fuels faster than many regional economies, with an ambitious target to generate 60% of its energy from renewable sources by 2030. This transition is part of the country’s broader strategy to cut emissions and combat climate change. According to global data from the Energy Institute, fossil fuels accounted for 81.9% of Pakistan’s total energy consumption in 2023—down from 86.7% in 2019. This 4.8 percentage point drop far outpaces the average decline of 0.8 points seen in other low- and middle-income nations.…

Read More

Pakistan to Add 2,633MW Through Solar Net Metering in FY2025-26

Admin
Net-Metering

ISLAMABAD: Pakistan is set to add 2,633 megawatts (MW) of energy through solar net metering in fiscal year 2025-26, marking a significant leap in decentralized renewable power generation. Despite already having surplus installed capacity, the national grid will see a total addition of 2,800 MW—over 94% of which will come from net-metered solar systems. According to the Annual Plan 2025-26, the country’s installed power generation capacity is projected to rise to 44,626 MW by June 2026. The number of net metering users is expected to increase by nearly 198,000, contributing…

Read More

Air India Plane Crashes After Takeoff in Ahmedabad, Killing Over 200 in Deadliest Aviation Disaster in a Decade

Admin
Air-India

AHMEDABAD — In what is being described as the world’s worst aviation disaster in a decade, an Air India flight bound for London crashed shortly after takeoff on Thursday, killing more than 200 people. Only one passenger is confirmed to have survived. Flight AI171, a Boeing 787-8 Dreamliner carrying 242 people, crashed into a residential area and struck the dining hall of the B.J. Medical College hostel, igniting a massive fireball. The flight had departed from Ahmedabad Airport at 1:39 pm local time, gave a Mayday signal, and then lost…

Read More

Israel Strikes Iranian Nuclear Sites, Killing Top Commander as Region Braces for Retaliation

Admin
Israel-Strikes

In a dramatic escalation, Israel launched a sweeping military operation against Iran on Friday, targeting nuclear facilities, ballistic missile production centers, and high-ranking military officials. Dubbed Operation Rising Lion, Israeli forces deployed 200 fighter jets to strike approximately 100 targets across Iran, including the key uranium enrichment facility at Natanz. Iran confirmed that Hossein Salami, commander of the elite Revolutionary Guards, was killed in the strikes. State media also reported casualties among civilians, including two nuclear scientists and several children in residential areas of Tehran. The Iranian response was swift:…

Read More