Category: Recent Post

In a landmark development, Pakistan and the Russian Federation on Friday signed the amended Inter Governmental Agreement for North South Gas Pipeline (NSGPP) of 1,122 kilometers from Port Qasim (Karachi) to Kasur (Punjab) that will increase the capacity of the country to transport the imported gas from the port city to load center of Punjab. According to a press release, Pakistan’s Ambassador to the Russian Federation, Shafqat Mahmood, signed the Protocol to the Inter Governmental Agreement (IGA) along with Nikolai Shulginov, Minister for Energy, Russian Federation, in Moscow.https://61bef715b487daa8191defa19fb5b36a.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html The IGA…

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The Federal Investigation Agency (FIA) and Sui Northern Gas Pipelines Limited (SNGPL) board of directors’ audit committee have started probing alleged favours given by a board director to the factories and holdings of Nishat Group. Private sector director Ahmed Aqeel is also facing the same allegations in the National Investment Trust (NIT) case. He has been on SNGPL board for the past 10 years. Earlier, the SNGPL board sent the case to the Securities and Exchange Commission of Pakistan (SECP) for taking appropriate action. However, the SECP asked the board…

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Back in 2015, the Paris Agreement aimed to address the climate change due to the possible rise in the temperatures by 1.5 degrees Celsius, which has been translated into net zero greenhouse gas emissions by 2050. In the same vein i.e., to meet Paris Agreement goals, the International Energy Agency in its recent report ‘Net Zero by 2050’ has called the world for curbing fossil fuels. However, what has caught the spotlight is its appeal to stopping all new investments in oil, gas and coal supply from next year, retiring…

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The federal government has filed a motion with the power regulator for extension of abolishment of time-of-use electricity tariffs for industrial consumers, as the Cabinet Committee on Energy approved the Power Division’s proposal for the same. Recall that the government had support to industrial power consumers back in November 2020, with various support packages announced, of which abolishment of peak rates on incremental consumption was one. The idea was to have it in place till April 2021 and then have a review. The review it appears was conducted, and formal…

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Special Assistant to Prime Minister on Climate Change Malik Amin Aslam on Thursday said that introducing modern and environmental-friendly transport system through electric vehicles (EVs) in the country is of unprecedented importance to the efforts for coping with Pakistan’s air pollution woes and making cities clean and green under PM Imran Khan’s world-acclaimed green agenda. “Introducing EVs in the country’s ailing transport system are pivotal for modernising it and reduce the carbon emissions that contribute to climate change and smog, improving public health and reducing ecological damage,” the PM’s aide…

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