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ADB okays help for Sindh coastal project

The Asian Development Bank has approved technical assistance for Sindh Coastal Resilience Sector project that will support the development of a resilient coastal region in the province. The transaction technical assistance will help Sindh government prepare the project with a high degree of readiness. It will have two outputs: coastal resilience strategic framework with priority investments pre

Stakeholders make case for carbon trading

Pakistan has substantial potential for emission reductions in energy, transport, industry and agriculture, which makes its marginal abatement cost “considerably lower” than that of many other countries. Speaking at a seminar on Tuesday about “Leveraging carbon markets to enable private investment,” National Disaster Risk Management Fund CEO Bilal Anwar said stakeholders should identify potentia

RLNG gets costlier by 3.8pc

The Oil and Gas Regulatory Authority (Ogra) has notified that the average sale price of re-gasified liquefied natural gas (RLNG) for October experienced an increase of over 3.8 per cent from the preceding month for Sui companies. The RLNG price increased by $0.4966 per million British thermal units (mmBtu) or 3.87pc for consumers of Sui Northern Gas Pipeline Ltd (SNGPL), while the price surged

Car makers cut prices amid plant shutdowns

As Indus Motor Company Ltd (IMC) decreased prices by Rs100,000 to Rs1.310 million citing rupee appreciation, Pak Suzuki Motor Company Ltd (PSMCL) on Tuesday announced the suspension of car and motorbike production for a limited period. In a stock filing, PSMCL said its car plant would remain shut from Oct 25-27 and Oct 30-Nov 3. Similarly, its two-wheeler assembly would also be inoperative from

Seeking fresh growth under BRI

China has used the third Belt and Road Forum (BRF) organised in Beijing early last week to mark the first 10 years of the launch of its transactional Belt and Road Initiative (BRI) project to tweak and re-energise this multi-trillion-dollar programme for broader global collaboration. The changes in the BRI framework announced at the forum show signs of China’s shifting strategy going forward by