Author: Admin

ISLAMABAD: Pakistan and the Asian Development Bank (ADB) on Tuesday formalized two major climate resilience projects targeting Sindh and Punjab, the Economic Affairs Division (EAD) said in a statement. The initiatives include the $180.5 million Sindh Coastal Resilience Sector Project (SCRP) and the $124 million Punjab Climate-Resilient and Low-Carbon Agriculture Mechanisation Project, aimed at bolstering climate adaptation, sustainable agriculture, and inclusive development. Economic Secretary Muhammad Humair Karim praised ADB as a trusted development partner and highlighted the projects’ transformative potential. The SCRP will strengthen integrated water resource and flood risk…

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KARACHI: A simmering dispute has emerged in Pakistan’s automotive industry as a Chinese assembler and a local importer—who claims to be an automaker despite lacking a production facility—reportedly lobby the Customs Classification Committee to reclassify Range-Extended Electric Vehicles (REEVs) as pure Battery Electric Vehicles (BEVs). Industry insiders warn that the move aims to secure zero-emission tax incentives for vehicles that still rely on internal combustion engines (ICE), potentially distorting market competition and causing billions of rupees in revenue losses for the national exchequer. While REEVs use electric motors to drive…

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ISLAMABAD: The Sindh Government has acknowledged significant misappropriations and irregularities in the USD 100 million World Bank-funded Sindh Solar Energy Project (SSEP) and has initiated a formal inquiry against the culprits. A senior official informed the Senate Standing Committee on Economic Affairs that, under directions from the Sindh Cabinet, the Anti-Corruption Establishment (ACE) is conducting a thorough investigation, including a forensic audit. Committee Chairman Senator Saifullah Abro expressed shock over findings that solar panels costing Rs 20,000 were being sold at Rs 60,000, with multiple panels distributed to single families…

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LAHORE: The year 2025 proved to be a milestone for Pakistan’s hydropower sector as WAPDA consistently delivered clean, green, and low-cost hydel electricity to the national grid, overcoming multiple operational and environmental challenges. According to WAPDA, its 22 hydel power stations collectively generated 33.12 billion units of electricity in 2025, contributing nearly 30 percent of the country’s total power generation. With an average tariff of just Rs 3.83 per unit, WAPDA’s hydel electricity remained the most affordable energy source, supporting economic stability and social development. Hydropower continues to be the…

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Thatta Cement Company Limited (TCCL) has announced that its Board of Directors has approved the development of an additional 7.5 MW wind power project, further strengthening the company’s commitment to sustainable energy. The decision comes following the successful commissioning of TCCL’s 4.8 MW wind power project. With the new project, the company’s total renewable energy capacity will rise to 17.3 MW, combining two wind power projects of 4.8 MW and 7.5 MW alongside an existing 5 MW solar power installation. TCCL emphasized that this expansion will not only enhance the…

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