In order to meet energy requirement of the country, Caretaker Prime Minister Anwaarul Haq Kakar on Tuesday invited China to invest in solar parks to help reduce Pakistan’s energy import bill and support the country’s fight against climate change. “Investments in solar parks would benefit two-fold. On one hand, they will support Pakistan’s endeavours for climate action and also help reduce energ
Pakistan is facing the critical task of phasing down its coal power plants, necessitating a careful examination of various factors like energy security, environmental impacts, socio-economic impacts of just transition, and feasibility of power generation alternatives, says a new United Nations report. One of the main challenges of phasing out coal in Pakistan is the existing coal capacity and l
The winning streak of the rupee came to a halt on Tuesday after lasting for 28 consecutive sessions. Official data showed the local currency lost 0.07 per cent of its value against the dollar from a day ago to close at 277.03. Speaking to Dawn, Arif Habib Ltd Head of Research Tahir Abbas said higher demand for the greenback to make upcoming foreign payments put pressure on dollar supplies in
The equities market experienced a strong weekly start with the benchmark index surging by 426 points within the first five minutes of trading on Monday. Topline Securities Ltd said investors decided to lock in their profits as the index started approaching the significant 50,000-point level. Profit-taking led to a brief dip in the KSE-100 index to the intraday low of 49,317 before it eventua
Shell Pakistan Ltd (SPL) said on Monday it has received a public announcement of intention from UK-based Prax Overseas Holdings Ltd to buy its 77.42 per cent shares, which are currently held by the oil firm’s foreign sponsor. The potential acquirer is a British investment firm with its entire shareholding resting with fuel supplier State Oil Ltd. The energy conglomerate owns companies in up-