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Pak-German agreement inked for promotion of renewable energy'


August 3, 2021
Islamabad:The Government of Federal Republic of Germany shares a cordial relationship in development cooperation with the Government of Islamic Republic of Pakistan (GoP) for over 60 years. Germany has proven to be a key partner in supporting the GoP to achieve its national priority policies since the 1960s in different development sectors. Based on the energy sector s long-lasting cooperation, a new implementation agreement between GIZ Pakistan and the Ministry of Energy (Power Division) has been signed today at the Ministry of Energy (Power Division). Under the agreement, GIZ Pakistan will implement “Promotion of Renewable Energy and Energy Efficiency Concepts in Cities and Industry (REEE SCALE) Project. It will assist the Ministry of Energy, (Power Division) and its apex organisation, National Energy Efficiency and Conservation Authority (NEECA) to achieve its national energy efficiency targets. ....

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Pakistan to start local EVs assembling this year


Pakistan to start local EVs assembling this year
July 30, 2021
ISLAMABAD: Under the clean and green initiatives of the government, Pakistan is going to start local assembling of electric vehicles (EVs) by this year, Minister for Energy Hammad Azhar said on Thursday.
The minister said this while addressing a consultative workshop titled “Scaling up Electric Mobility in Pakistan” that was jointly organized by the National Energy Efficiency and Conservation Authority (NEECA) and the UNDP. He said the assembling of the electric motorbikes has already started in the country.
Last year, Pakistan introduced the Electric Vehicles Policy 2020-2025, targeting a robust electric vehicle market having a 30 per cent and 90 per cent share in passenger vehicles and heavy-duty trucks by 2030 and 2040 respectively. In this policy, new incentives to promote EVs adoption were introduced. Customs duties and sales tax on EVs have been reduced that would help accelerate this transi ....

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Hindustan Zinc Limited: Results for the First Quarter Ended June 30, 2021


Zinc COP: $1070 per ton
Hindustan Zinc Limited, the leading global integrated producer of zinc, lead and silver, reported its results for the first quarter ended June 30, 2021.
Commenting on the Q1 performance,
Mr Arun Misra, CEO,

We delivered highest-ever Q1 ore, refined metal & silver production. After exiting at a run-rate of 1.2 mtpa in fiscal year 2021, we maintained the momentum of production in Q1 with Year-on-Year growth of 15% in ore, 17% in refined metal & 37% in silver inspite of the spurt in covid cases in the second wave of the pandemic. Besides good operational performance, I am happy to inform that Hindustan Zinc has received Most Sustainable Company in the Mining Industry – 2021 award from World Finance Sustainability Award 2021. Also, our Rampura Agucha mine has won CII s Best Application & Use of Renewable Energy award in the 5th Edition CII National Energy Efficiency circle -2021 ....

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