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Time to Act: Experts Call for Climate Finance Reforms

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Climate-Finance1

ISLAMABAD: Climate and finance experts have urged comprehensive reforms in both public and private sectors to mobilize crucial funding for climate action, particularly for adaptation measures. Speaking at DawnMedia’s Breathe Pakistan International Climate Change Conference, World Bank Global Director for Climate Change, Valerie Hickey, stressed the need for subsidy reforms to unlock climate finance. She highlighted that while $1 billion…

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Pakistan, Turkiye Set to Sign MoUs to Boost Economic, Agricultural Ties

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Pak-Turk

ISLAMABAD: Pakistan and Turkiye are poised to strengthen economic cooperation with multiple memoranda of understanding (MoUs), particularly in the agriculture sector, during President Tayyip Erdogan’s upcoming visit to Pakistan. Senior officials from both countries’ ministries of national food security and agriculture met on Wednesday to draft an action plan for future collaborations in agriculture and livestock. Pakistan invited Turkiye to…

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Pakistan’s First-Ever ‘Made in Pakistan’ Expo Opens in Jeddah

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Pak-Exhibition

ISLAMABAD: Commerce Minister Jam Kamal Khan on Thursday inaugurated the first-ever ‘Made in Pakistan’ exhibition in Jeddah, marking a milestone in Pakistan-Saudi trade relations. Addressing an audience of Saudi officials, business leaders, and diplomats, the minister emphasized the importance of strengthening economic ties and showcasing Pakistan’s diverse industrial capabilities. According to the Ministry of Commerce, the exhibition features Pakistan’s top-quality…

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Petroleum Minister Advocates Mixed Pricing to Prevent Sectoral Bankruptcy

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musadik-malik

ISLAMABAD: Petroleum Minister Dr. Musadik Malik has warned of potential “isolated bankruptcies” in the petroleum sector unless a weighted average price mechanism is introduced for imported, piped, and wellhead gas. He emphasized that rationalizing electricity rates would encourage a transition in transport, cooking, and heating sectors. Speaking before the National Assembly’s Standing Committee on Petroleum, Dr. Malik criticized the PTI…

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Pakistan Issues Licences to 57 EV Manufacturers to Drive Green Transition

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Green-Transition

Islamabad: The government has granted licences to 57 electric vehicle (EV) manufacturers, marking a major step towards a cleaner and more sustainable transportation system. This initiative aligns with the National Electric Vehicles Policy (NEVP) 2019, which aims for 30% of all passenger vehicles and heavy-duty trucks to be electric by 2030, increasing to 90% by 2040. The policy also targets…

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Shocking Truth: Pakistan’s Electric Vehicle Goals May Be Unrealistic”

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electrical-vehicles

Renowned automobile expert Sunil Sarfraz Munj, co-founder of PakWheels, has expressed skepticism about Pakistan’s ability to achieve its target of electric vehicles (EVs) making up 30% of the total vehicle market. In a recent podcast, Munj cited the lingering electricity crisis in many parts of the country as a major obstacle. He emphasized that EVs are not a viable option…

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Call to Accelerate Carbon Policy for Greater Impact

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Carbon-Policy

Lahore: Pakistan’s National Carbon Market Policy, launched in November 2023, reflects the country’s commitment to emission reductions, but lags behind regional counterparts in ambition, sector coverage, and global integration, potentially limiting its ability to attract climate finance and investment, say garment manufacturers and exporters. Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Regional Chairman Dr. Ayyaz Uddin highlighted that while…

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EU Urged to Secure Free-Trade Deal on US LNG

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Pakistan-LNG

Paris: TotalEnergies CEO Patrick Pouyanne has called on Europe to negotiate a free-trade guarantee for US liquefied natural gas (LNG), citing concerns over an increasingly unpredictable global trade environment. His remarks come as US President Donald Trump imposes new tariffs on Chinese imports, prompting Beijing to retaliate with a 15% levy on US LNG and 10% on US crude oil.…

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Pakistan Finalizing National Minerals Harmonisation Framework 2025

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National-Minerals

Islamabad: The government is in the final stages of finalizing the National Minerals Harmonisation Framework 2025, a key initiative aimed at attracting investment in Pakistan’s mineral sector. All provinces, along with Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan, are set to adopt the policy by February 26, 2025. The framework will be formally unveiled at the Pakistan Critical Minerals Summit…

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Breathe Pakistan Conference Kicks Off in Islamabad to Tackle Climate Change

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Breathe-Pakistan

Islamabad is set to host a two-day international climate conference under DawnMedia’s ‘Breathe Pakistan’ initiative, beginning today at the Jinnah Convention Centre. The event brings together national and international experts to discuss viable solutions for climate resilience and mobilizing climate finance. The conference aims to position Pakistan as a climate-resilient nation by 2047 through collaboration with South Asian countries. Experts…

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