‘A step towards justice’, says UN chief as COP27 closes with deal on loss and damage
UN Secretary-General Antonio Guterres termed as a “step towards Justice” the agreement at the COP27 climate summit to establish a funding mechanism to compensate vulnerable nations for ‘loss and damage’ from climate-induced disasters. “This COP has taken an important step towards justice. I welcome the decision to establish a loss and damage fund and to…
Adil Aziz
Meeting food security challenge amidst growing population an uphill task
With a Philippine woman giving birth to eighth billionth baby a few days back, the tally has risen eye brows of many international experts about upcoming phenomena of global food security and inflation. Since dealing with population explosion is already an uphill task world over, changing weather pattern is further aggravating this challenge with many…
NEPRA TO CONDUCT A PUBLIC HEARING ON KE’S PETITION FOR OCTOBER’S FCA AND QA FOR JULY-SEPTEMBER
NEPRA announced to conduct a public hearing on 30 November over the petition submitted by K-Electric on account of Fuel Charges Adjustments (FCA) for October 2022 and Quarterly Adjustments for July to September 2022. For the month of October, K-Electric has filed a petition for the negative FCA at a rate of PKR 1.883/kWh and…
President for creating awareness on initiatives for women empowerment
President Dr Arif Alvi underlined the need for a comprehensive awareness campaign with the involvement of all relevant stakeholders to inform and educate female population of the country regarding steps taken by the government for the empowerment of women and to urge them to fully utilize and profit from these initiatives. The President made these…
Mobile import decreases 64.94% in 4 months
The import of mobile phones witnessed a decrease of 64.94 per cent during the first four months of the current fiscal year (2022-23) as compared to the corresponding period of last year. Pakistan imported mobile phones worth US $226.051 million from July-October (2022-23) as compared to the imports of US $644.672 million during July- October…
Pakistan’s fruits, vegetable export to China crosses $54 Million in Jan-Sept 2022
Pakistan’s fruits and vegetable export to China topped $54.34 million, witnessing a massive increase in the month of January-September year-on-year. Imports of dried leguminous vegetables (commodity code 07139090), amounted to $6.17 million, with imports totaling more than 4,040 tons in the January-September period, compared with $3.97 million in the same period last year. Ahmed Raza,…
Planned oil refinery in Gwadar to open new chapter of development
Gwadar, the engine room of the China-Pakistan Economic Corridor (CPEC), is set to be the recipient of a $4.5 billion oil refinery as a Chinese firm has laid down a plan to build an oil refinery with an annual processing capacity of 8 million tons. The Chinese entry came at a time when uncertainty was…
Pakistan exported textile products worth $5.941 Billion in 4 months
The textile exports from the country reached to $5,941.099 million during the first four months of the current fiscal year (2022-23). The textile exports showed a decline of 1.34 percent during the period under review when compared to the exports of $6,021.813 during the same period of last year (July-October 2021-22). The textile products that…
MMBL, U Microfinance Bank sign MoU to offer Housing Finance Solutions for their Employees
Mobilink Microfinance Bank Limited (MMBL), Pakistan’s largest digital bank, and U Microfinance Bank Ltd. (U Bank), Pakistan’s fastest-growing microfinance bank, have entered into a strategic partnership for providing housing finance facility for their employees. The MoU was signed between Ghazanfar Azzam, President & CEO – MMBL, and Kabeer Naqvi, President & CEO – U Microfinance…
Govt making efforts to resolve issues of telecom industry: Amin
Federal Minister for IT and Telecommunication Syed Amin Ul Haque said the government was making all possible efforts to resolve the issues of the telecom industry as the economic stability of the country was linked to uplift of it. “We are well aware of the departmental issues confronted by the country’s telecom industry, and struggling…