With energy minister Awais Khan Leghari listing the planned 300MW Gwadar coal power plant amongst projects considered unaffordable for the consumers and hinting at scrapping it — along with several other proposed generation schemes of 10,000MW — the future of the long-stalled project appears more uncertain than ever. The ‘warning’ comes at a time when the imported coal-based plant’s Chinese dev
The reality is grim. Green energy is in retreat. The battle against climate change, which has put the oil and gas industry on the defensive for some time now, is weakening. The changing political map of the world, taking a right tilt all around — from the Americas to Europe — is helping industries wriggle out of the situation. The changing political map has pushed the climate battle on a back b
Pakistan’s economy is showing signs of improvement. The inflation rate has come down to a six-year low, and the stock market has exceeded all records. These are indicators of progress as the Asian Development Bank (ADB) has also revised its economic growth forecast for Pakistan in the fiscal year 2025 to three per cent. While this marks an upward revision, the figure evokes mixed reactions. It
Pakistan’s economy is showing signs of improvement. The inflation rate has come down to a six-year low, and the stock market has exceeded all records. These are indicators of progress as the Asian Development Bank (ADB) has also revised its economic growth forecast for Pakistan in the fiscal year 2025 to three per cent. While this marks an upward revision, the figure evokes mixed reactions. It
Finance Minister Muhammad Aurangzeb on Monday has said that the country is preparing to launch yuan-denominated bonds (panda bonds) this year to shore up its finances, a Bloomberg report confirmed. The country is planning to raise $200 million to $250m from Chinese investors over the next six to nine months, the finance minister told Bloomberg in an interview. Panda bonds are a type of debt