ISLAMABAD: The government has set ambitious targets to introduce 20% renewable energy by 2025 and 30% by the end of 2030, said Special Assistant to Prime Minister on Petroleum Nadeem Babar during a meeting with British High Commissioner Dr Christian Turner on Thursday. The SAPM shared the structural reforms being carried out in the energy sector in view of the…
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Apple Inc Chief Executive Tim Cook on Saturday called on governments and businesses to implement stronger climate targets starting next year, during remarks at the United Nations’ Climate Ambition Summit. “We call on companies and governments around the world to do all we can to make 2021 the year we turn the corner for good,” Cook said, according to prepared…
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KARACHI: K-Electric on Thursday announced that the Oil and Gas Regulatory Authority (OGRA) has approved its application for a license which will allow it to construct and operate a gas pipeline. According to KE, the pipeline will supply Re-gasified Liquefied Natural Gas (RLNG) to the upcoming RLNG-based 900 MW BQPS-III power plant and supplement fuel requirement of the power plants…
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BEIJING: Chinese business tycoon Jack Ma has reportedly gone missing after speculations emerged that the high-profile businessman made no public appearance for two months. The billionaire was scheduled to appear as a judge in the final episode of his own talent show, ‘Africa’s Business Heroes’, but mysteriously did not turn up for it and as a consequence, his photographs were…
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Posting a more conciliatory message, he refrained from reiterating false claims of voter fraud. Twitter said that it would ban Mr Trump “permanently” if he breached the platform’s rules again. The move from Twitter puts clear water between it and Facebook, which suspended him “indefinitely” on Thursday. Twitter has instead given the outgoing president a final warning. Earlier on Thursday,…
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Experts have agreed that the time is ripe for Pakistan to shift towards green energy and called on the government to devise policies to facilitate stakeholders in exploring additional avenues for sustainable renewable energy. At a webinar titled “Clean Energy Transition in Pakistan” on Wednesday, Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza said power and energy…
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ISLAMABAD: Energy Minister Omar Ayub Khan has said that the government is focusing on energy projects under the new renewable energy policy by harnessing local resources for power generation. Omar Ayub Khan said this during a meeting with Ambassador of the Kingdom of Saudi Arabia Nawaf bin Saeed Ahmed Al-Malki who called on him on Wednesday. The minister and ambassador deliberated…
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Stocks on Wednesday ended near three-year high as a surprise oil surge fired up energy sector that was later joined by cements on price hike hopes and banks because of strong earnings outlook, dealers said. Benchmark KSE-100 shares index hit a high of 1.13 percent or 502.99 points to close at 45,153.42 points at Pakistan Stock Exchange (PSX). Volumes increased…
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Hundreds of US President Donald Trump’s supporters stormed the US Capitol on Wednesday in a stunning bid to overturn his election defeat, battling police in the hallways and delaying the certification of Democratic President-elect Joe Biden’s victory for hours. In the gravest assault on the symbol of American democracy in more than 200 years, rioters forced their way past metal…
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SINGAPORE — Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal. Analysts said prices of the commodity in the country have shot up due to the reported crunch. The reports also follow rising trade tensions between Beijing and Canberra, leading some analysts to tie the coal shortages and blackouts to the…
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