energy

Pakistan needs $390 billion investment to transition to low-carbon energy by 2050: Asian Development Bank – Trendy Blogger

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Pakistan needs 0 billion investment to transition to low-carbon energy by 2050: Asian Development Bank – Trendy Blogger

Pakistan will need more than $390 billion in additional investments by 2050 to transition toward low-carbon energy solutions, including switching from coal to gas in industries, electrifying transportation, and replacing gas with electricity for cooking, according to a recent report by the Organization of Islamic Cooperation. . Asian Development Bank (ADB). The report, titled “Pakistan’s … Read more

Shell Pakistan Limited rebrands as Wafi Energy Pakistan Limited – Trendy Blogger

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Shell Pakistan Limited rebrands as Wafi Energy Pakistan Limited – Trendy Blogger

Islamabad: In a major corporate shift, the Board of Directors of Shell Pakistan Limited (SHEL) has approved the renaming of the company to Wafi Energy Pakistan Limited. This decision comes in the wake of Wafi Energy Holding Limited’s acquisition of an additional 22,165,837 ordinary shares in SHEL, representing approximately 10.36% of the company’s total issued … Read more

PSX celebrates listing of speculative clean energy company Tower trendy blogger

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PSX celebrates listing of speculative clean energy company Tower trendy blogger

KARACHI: A ringing ceremony was held at the Pakistan Stock Exchange (PSX) on the occasion of the listing of Burj Clean Energy Mudaraba (“Burj Mudaraba”). Mudaraba Tower is the first Sharia-compliant green energy fund to be publicly listed on PSX’s Growth Enterprise Market (GEM) board, a press release said.The bell was rung by Mounir Kamal, … Read more

The Cabinet Committee approves an independent multi-player market for the energy sector – Trendy Blogger

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The Cabinet Committee approves an independent multi-player market for the energy sector – Trendy Blogger

Prime Minister Shehbaz Sharif chairs a meeting of the Ministerial Committee on Energy in Islamabad on October 9, 2024. – PID The Cabinet Energy Committee approves the formation of ISMO. The board of directors of the new entity includes experts from the energy sector. ISMO to allow the purchase of energy from suppliers other than … Read more

The Energy Minister says the government and independent power producers are on the same page to bring down energy prices – Trendy Blogger

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The Energy Minister says the government and independent power producers are on the same page to bring down energy prices – Trendy Blogger

Federal Minister of Energy (Energy Department) Awais Leghari on Sunday said there is consensus between the government and independent power producers (IPPs) to reduce electricity prices, as financially challenged consumers struggle with unaffordable tariffs and little hope of immediate relief. Legari, along with sector officials and an economist, addressed the controversial issue of agreements with … Read more

Shares surpassed an all-time high of 84,900 supported by rising energy – Trendy Blogger

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Shares surpassed an all-time high of 84,900 supported by rising energy – Trendy Blogger

Stock brokers watch news on TV in a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan July 3, 2023. – Reuters Stocks on Monday surpassed a record high of 84,900, driven by a massive rally in the energy sector and growing optimism about potential interest rate cuts, traders said. The … Read more