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ISLAMABAD: Special Assistant to the Prime Minister on Climate Change Amin Aslam on Thursday asserted that 60 percent of all energy produced in Pakistan will be clean or renewable by 2030 while 30 percent of all vehicles would be transferred to electricity. “The world has to do more, and fast-track efforts to confront the climate change,” Prime Minister Imran Khan’s aide stressed while addressing the virtual US-led Leaders Summit on Climate hosted by the US government in Washington on April 22, also the World Earth Day. He said while being…

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ISLAMABAD: Chairman National Electronic Power Regulatory Authority (NEPRA) along with member NEPRA Balochistan on Wednesday called on Chairman Senate Muhammad Sadiq Sanjarani here at Parliament House to brief him on power supply in the province. While exchanging views on the overall energy situation in the province the Chairman Senate said that the power system in Balochistan should be improved further. In order to give relief to the people of Balochistan in the energy sector, the Chairman Senate directed NEPRA officials to complete the ongoing projects in the province at the…

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WASHINGTON: US Presi­dent Joe Biden will host a global climate summit on Thursday and Friday, during which he is expected to unveil a plan to cut carbon emissions by at least 50 percent by 2030, from 2005 levels. “We expect action at this meeting. We’re looking for people to make announcements to raise their ambition to indicate next steps that they intend to take to help solve the climate problem,” a senior Biden administration official told reporters on Wednesday. UN Secretary General Ant­o­nio Guterres has called the summit a “make…

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The federal government has allowed the incumbent chief executive officer (CEO) of GENCO Holding Company Limited (GHCL), Muhammad Imran, to continue working on his post for a period of twelve months based on this satisfactory performance. Moreover, the managing director of the Private Power and Infrastructure Board (PPIB), Shah Jahan Mirza, has been allowed to continue working as CEO of the Alternative Energy Development Board (AEDB) till the appointment of a regular head.  Sources privy to the development informed Profit that the government, on the basis of stellar performance, has extended the…

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ISLAMABAD: The budget-making process for 2021-22 has kick-started as the Ministry of Finance has shared Indicative Budget Ceiling (IBC) with the Ministry of Planning for allocation of Rs800 billion for Public Sector Development Programme (PSDP) in the next budget 2021-22. “Yes, the Ministry of Finance has shared the IBC for allocation of development funds under the PSDP to the tune of Rs800 billion for the upcoming budget,” the official communication sent by the Finance Division to Ministry of Planning reads out here on Wednesday. The utilisation of development funds both…

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