Pakistan








Energy Markets

Fossil Fuels

Fossil Fuels

Telecoms group VEON mulls U.S. IPO for Ukraine's Kyivstar

Telecoms group VEON is considering a going public (IPO) for its Ukrainian unit Kyivstar in the U.S. as early as next year, CEO Kaan Terzioglu said on Thursday. We have not made those decisions yet, however we are dedicated to looking into IPOs of our local properties. And clearly, Kyivstar is one of those properties which might be in the line of this procedure, Terzioglu told Reuters in an interview. Ought to the IPO go through, Kyivstar would become the first Ukrainian business to be listed in the United States. VEON has actually not had any conversations with Ukrainian officials...

Fossil Fuels

Shooting in Pakistan's Karachi hurts two Chinese nationals

2 Chinese nationals were shot at and injured on Tuesday in Pakistan's business hub of Karachi, authorities and healthcare facility officials stated, after a string of attacks that spurred Beijing to require tougher security for its residents. Faizan Ali, a senior superintendent of authorities, stated 2 Chinese nationals had been shot, however gave no further information. A representative for Liaquat National Medical facility in the southern port city stated it was dealing with the two, one of whom was in severe condition. It was not right away clear who was responsible or if militant violence lagged the attack, one of...

Mining

At least 20 eliminated in attack on miners in southwestern Pakistan, cops state

A minimum of 20 miners were killed and 7 hurt in an attack by armed men on a. little private coal mine in the southwestern Pakistani province. of Balochistan on Friday, authorities stated. The mineral-rich region borders Afghanistan and Iran and has. been troubled for years as Baloch insurgent groups battle. versus the state, stating it denies them their share of local. resources. No group has actually declared responsibility for the attack. A group of armed men attacked the Junaid Coal company mines. in the Duki location in the wee hours using heavy weapons, said. Humayun Khan, the police station...

Fossil Fuels

Pakistan's financing minister in Beijing to seek debt relief, say sources

Pakistan's Finance Minister Muhammad Aurangzeb on Thursday showed up in Beijing to open talks on power sector structural reforms recommended by the International Monetary Fund (IMF), two government sources stated. He held a conference with his Chinese equivalent in Beijing, they stated, and added that the finance minister together with Power Minister Awais Leghari is leading a delegation, which will use up several proposals with the Chinese side, consisting of reprofiling of almost $15 billion energy sector financial obligation. The nations, which share a border, have been longtime allies. Rollovers or dispensations on loans from China have actually assisted Pakistan...

Fossil Fuels

Pakistan to press Chinese utilities in Pakistan to change to domestic coal

Pakistan this month will ask Chinese power plants running in the country to move to utilizing coal from Pakistan's Thar area rather than imported coal, the power minister said on Sunday. Islamabad might also start talks on re-profiling Pakistan's. energy sector financial obligation during the see to Beijing, Awais Leghari,. head of the energy ministry's Power Department, informed . Leghari will become part of the delegation to discuss structural. reforms to the power sector recommended by the International. Monetary Fund (IMF), which recently settled on a $7 billion. bailout for the greatly indebted South Asian country. Neighbouring China has set...

Coal

Pakistan to press Chinese utilities in Pakistan to change to domestic coal

Pakistan this month will ask Chinese power plants operating in the country to move to utilizing coal from Pakistan's Thar area rather than imported coal, the power minister stated on Sunday. Islamabad might also start talks on re-profiling Pakistan's. energy sector debt during the visit to Beijing, Awais Leghari,. head of the energy ministry's Power Department, told . Leghari will be part of the delegation to go over structural. reforms to the power sector suggested by the International. Monetary Fund (IMF), which recently agreed on a $7 billion. bailout for the greatly indebted South Asian nation. Neighbouring China has actually...

Fossil Fuels

Cricket-Duckworth, co-creator of DLS approach, passes away aged 84

Frank Duckworth, the pioneering statistician who cocreated the Duckworth Lewis approach embraced in cricket to revise targets in restricted overs video games truncated due to rain, died recently at the age of 84, the Royal Statistical Society (RSS) stated on Tuesday. Duckworth and Tony Lewis produced the well-known technique which was adopted by the International Cricket Council in 1999. It was commonly used in one-day internationals and later on in T20 matches. Fellows will be unfortunate to discover that Frank Duckworth passed away on 21 June 2024, at the age of 84, the RSS stated in a declaration. Frank will...

Natural Gas Liquids

Pakistan not likely to purchase area LNG in summertime despite simmering heat

Pakistan is not likely to purchase melted gas (LNG) cargoes on the spot market until at least the start of winter in November due to oversupply and high rates, its petroleum minister informed . Extreme temperature levels across Asia have pushed nations to look for more freights of LNG to resolve greater power need, driving spot prices to their greatest since mid-December. Asia spot LNG last traded at $12.00 per million British thermal units (mmBtu). on Friday. However, LNG need in the second largest south Asian LNG. purchaser was subordinate to supplies, the minister told ,. despite heatwaves baking the...

Renewable Energy Equipment

Cricket-ICC admits New York pitches at T20 World Cup not up to the mark

The pitches utilized in the T20 World Cup matches played in New york city have not depended on standard and ground personnel are dealing with correcting them for the rest of the competition, the International Cricket Council (ICC) stated on Thursday. The momentary Nassau County International Cricket Stadium has actually hosted 2 games so far, both of which were low-scoring encounters due to the nature of the drop-in pitch which has actually made batting very hard due to the movement and bounce. Fans expecting a run-fest were left dissatisfied when Sri Lanka were bowled out for 77-- their least expensive...

Fossil Fuels

QUOTES-Reactions to the death of Iran's president in a helicopter crash

Iranian President Ebrahim Raisi, a. hardliner long viewed as a possible follower to Supreme Leader. Ayatollah Ali Khamenei, was killed in a helicopter crash in. mountainous surface near the Azerbaijan border, authorities and. state media said on Monday. The helicopter was likewise bring Foreign Minister Hossein. Amirabdollahian and 6 other guests and team, all of whom. died. Here are reactions to the news: SAUDI ARABIA'S KING SALMAN BIN ABDULAZIZ AND CROWN PRINCE. MOHAMMED BIN SALMAN: They used acknowledgements to the acting head of the executive. authority, Mohammad Mokhber, on the death of Ibrahim Raisi,. president of the Islamic Republic of...

Crude Oil

QUOTES-Reactions to the death of Iran's president in a helicopter crash

Iranian President Ebrahim Raisi, a. hardliner long seen as a possible successor to Supreme Leader. Ayatollah Ali Khamenei, was killed in a helicopter crash in. mountainous surface near the Azerbaijan border, officials and. state media stated on Monday. The helicopter was likewise carrying Foreign Minister Hossein. Amirabdollahian and 6 other travelers and crew, all of whom. perished. Here are responses to the news: SAUDI ARABIA'S KING SALMAN BIN ABDULAZIZ AND CROWN PRINCE. MOHAMMED BIN SALMAN They used acknowledgements to the acting head of the executive. authority, Mohammad Mokhber, on the death of Ibrahim Raisi,. president of the Islamic Republic of...

Fossil Fuels

QUOTES-Reactions to the death of Iran's president in a helicopter crash

Iranian President Ebrahim Raisi, a. hardliner long seen as a possible follower to Supreme Leader. Ayatollah Ali Khamenei, was killed in a helicopter crash in. mountainous terrain near the Azerbaijan border, officials and. state media said on Monday. The helicopter was also carrying Foreign Minister Hossein. Amirabdollahian and six other passengers and crew, all of whom. died. Here are responses to the news: SAUDI ARABIA'S KING SALMAN BIN ABDULAZIZ AND CROWN PRINCE. MOHAMMED BIN SALMAN They offered condolences to the acting head of the executive. authority, Mohammad Mokhber, on the death of Ibrahim Raisi,. president of the Islamic Republic of...

Environment

Environment

Kashmir's saffron growers explore indoor farming as climate pressures install

Tucked in a valley below the snowcapped Himalayas of the Indian Kashmir area is the town of Pampore, famous for its farms that grow the world's most expensive spice the redhued saffron. This is where the majority of saffron is farmed in India, the world's second-largest producer behind Iran of the spice, which expenses up to 325,000 rupees ($ 3,800) a kg (2.2 pounds) since it is so labour-intensive to harvest. Come October, the crocus plants begin to bloom, covering the fields with intense purple flowers from which strands of fragrant red saffron are chosen by hand, to be utilized...

Environment

Environment change reveals 'claws' with rising expenses for disasters, Munich Re says

Hurricanes, storms, floods and other natural catastrophes caused an estimated $140 billion in insured losses in 2024, up from 2023 and among the costliest years on record, Munich Re said on Thursday. The year's tally of losses from natural catastrophes covered by insurance coverage compares with $106 billion recorded in 2023 and is well above long-lasting averages. It is likewise greater than a similar anticipated by Swiss Re published in December. Munich Re, the world's largest insurance company, stated the development shows that environment modification is revealing its claws as worldwide temperature levels continue to rise, adding to more regular...

Environment

Why has smog hit presence in New Delhi?

Exposure fell greatly in Delhi today as a hazardous mixture of smoke and fog shrouded the Indian capital even previously winter season sets in. Here is a take a look at the issue, and what triggered it. HOW BAD WAS THE SMOG? Delhi was bound in 'thick' to 'very thick' smog early on Wednesday and Thursday. Exposure in the 'very dense' category falls into a variety of zero to 50 m (164 ft), while 'thick'. describes presence over 50 m to 200 m (164 ft to 656 feet). The smog dispersed somewhat on Thursday, when visibility. stayed above 300 m...

Pollution

Pollution

India's north reduces restrictions as air quality enhances

India eased some restrictions enforced to combat pollution in its north on Thursday as air quality there improved, with smog paving the way to blue skies and Delhi taping a moderate air quality index reading of 165. As AQI levels soared last month, schools in the capital and adjoining areas were closed, some building and construction was prohibited and offices were asked to consider allowing 50% of employees to work from home. India's Central Pollution Control panel considers an AQI of 0-50 great and above 400 severe, which poses a risk to healthy people and seriously impacts those with existing...

Pollution

Pakistan's Punjab shuts construction and schools, and lockdown looms to fight smog

Pakistan's Punjab declared a. health emergency situation due to harmful smog on Friday, prohibiting. building, shutting schools for another week and moving. universities online, with a threeday lockdown possible, the. province's senior minister stated on Friday. Punjab fights harmful smog every winter season as cold air traps. dust, emissions, and smoke from prohibited stubble burning on. fields. Air quality has actually degraded considerably in current weeks. and the province's capital Lahore currently ranks as the world's. most contaminated city, states IQAir. A total lockdown will be imposed on Friday, Saturday,. and Sunday (next week) if the circumstance does not enhance...

Pollution

India's harmful smog conceals Taj Mahal, delays flights

Poisonous smog obscured India's famed monolith to enjoy, the Taj Mahal, in addition to Sikhism's holiest shrine, the Golden Temple in Amritsar, and delayed flights on Thursday, becoming too thick to translucent in several locations. The city of Lahore in neighbouring Pakistan ranked as the world's most contaminated in winter's annual scourge throughout the region, intensified by dust, emissions, and smoke from fires burnt illegally in India's farming states of Punjab and Haryana. In the city of Agra, the Taj Mahal was hardly noticeable from the gardens in front of the 17th-century monument, while dense fog wreathed worshippers at the...

Pollution

Pakistan's Punjab establishes 'smog war room' to fight dangerous air, shuts schools

Pakistan's province of Punjab set up a smog war space to take on extreme contamination, authorities stated, as bad air quality turned its capital of Lahore into the world's most polluted city and required the closure of some educational institutions. Live rankings by Swiss group IQAir offered Lahore a pollution index score of 1165, followed by the Indian capital of New Delhi, with 299. The war room committee will examine weather and air quality projections ... daily and monitor the performance and actions of field officers, said Sajid Bashir, a spokesperson for the province's environment department. Officials informed Reuters it...

Pollution

How is Lahore, the world's most contaminated city, battling hazardous air?

Hazardous smog has shrouded Pakistan's eastern city of Lahore for days as rising pollution spurs authorities to curb activities and established a panel to manage preventive efforts. Here is a take a look at what triggers the hazardous air, and how the federal government is tackling it. WHERE IS LAHORE? The capital of Pakistan's most populated province of Punjab, Lahore is simply 25 km (16 miles) from the border with India, and is thought about the cultural capital of the country. Pakistan's second-largest city after the southern port city of Karachi has a population of about 13 million, and is...

Pollution

Pakistan's Punjab establishes 'smog war room' to fight harmful air

Pakistan's Punjab established a. smog war space to tackle extreme contamination, authorities stated, as. bad air quality in Lahore pressed the capital of the eastern. province to the top of the rankings as the world's most contaminated. city. Live rankings by Swiss group IQAir offered the city a contamination. index rating of 1165, followed by the Indian capital of New. Delhi, with 299. The war space committee will evaluate weather and air quality. forecasts ... daily and monitor the efficiency and actions of. field officers, said Sajid Bashir, a representative for the. province's environment department. Officials informed Reuters it unites...

Pollution

Harmful smog wreathes India's capital as winter season nears

A toxic smog shrouded the Indian capital on Tuesday, driving air quality in some areas into the serious range ahead of winter, when cold air traps pollutants and brings a spike in breathing health problems. The mix of smoke, emissions, and dust is a yearly issue for authorities in New Delhi, with cars, building dust, and smoke from farm fires in the adjacent northern states of Punjab and Haryana among the major contributors. The outlook for the subsequent 6 days: the air quality is likely to be in the 'extremely bad' to 'severe' classification, said the earth sciences ministry. The...

Pollution

Pakistani venture Sarmayacar states Green Climate Fund vows $15 million

The Green Climate Fund (GCF). has dedicated $15 million to Pakistani equity capital firm. Sarmayacar, the endeavor fund said on Wednesday, so it can help. startups take on the effect of climate modification in the country that. has been at the leading edge of extreme weather condition. Flooding in Pakistan, which scientists said was exacerbated. by international warming, impacted a minimum of 33 million individuals and. killed more than 1,700 from the start of the monsoon season. in mid-June 2022 until mid-November that year. At the very same time, the nation's challenging macroeconomic. and political scenario implies money to deal...

Pollution

Pollution-free environment a 'fundamental right', India's top court states

Living in a pollutionfree environment is a basic right, India's Supreme Court stated on Wednesday as it prompted authorities to address degrading air quality in the north of the nation. India's capital Delhi tape-recorded a really bad air quality index of 364 on Wednesday, according to the Central Contamination Control panel, which thinks about readings listed below 50 to be good. Swiss group IQAir ranked Delhi the world's most contaminated city in its live rankings. The city battles harmful air every winter season and authorities say much of the smoke comes from farmers unlawfully burning paddy stubble to clear their...