Pakistan PM calls for financial, technical aid to climate-vulnerable nations at UN conference in Dubai

Pakistan's Prime Minister Anwar-ul-Haq Kakar speaks during the High-Level Segment for Heads of State and Government session at the United Nations climate summit in Dubai on December 2, 2023. (AFP)
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Updated 02 December 2023
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Pakistan PM calls for financial, technical aid to climate-vulnerable nations at UN conference in Dubai

  • Kakar raised the issue at the Global Stock Take event to assess the world’s collective climate progress
  • The PM is scheduled to discuss Indus Basin restoration at yet another event at the Pakistan Pavilion

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar urged the developed world on Saturday to help nations most vulnerable to the impact of erratic weather patterns by extending financial and technical assistance while addressing a gathering at the United Nations climate conference in Dubai.

Kakar is on a week-long visit to the Middle East where he is currently spearheading his country’s delegation at the 28th UN Conference of Parties (COP28) that began on Nov. 30.

Pakistan is among the most vulnerable nations in the world to climate change and has set up its own pavilion at the conference venue to highlight some of the most-pressing issues related to a rapidly accelerating climate crisis.

Kakar participated in the Global Stock Take event to assess the progress made by the world to collectively deal with the issue of climate change.

“In his remarks at this roundtable discussion, the Prime Minister highlighted the acuteness of the climate crisis and laid emphasis on providing adequate means of implementation including climate finance, capacity-building and technology, to developing countries to tackle this growing challenge,” said a brief statement issued by his office in Islamabad.

He pointed out that climate finance would always be the enabler for climate action, adding that the needs of developing countries far exceeded the unfulfilled $100 billion pledge made in Paris during the 2015 conference to ensure climate adaptability.

“Prime Minister also called for scaling-up development and transfer of proven climate technologies, as well as better delivery of capacity building for developing countries,” the statement added. “The need for greater coherence and coordination across the United Nations system was also underscored.”




Pakistan's Caretaker Prime Minister, Anwaar-ul-Haq Kakar (center), is being received by the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan (right), and the Secretary-General of the United Nations, Antonio Guterres, upon his arrival at Dubai Expo City to attend the High-Level Segment of the United Nations' 28th Conference of Parties on December 1, 2023. (Photo courtesy: PMO)

Kakar is also scheduled to attend a discussion session on the ecological restoration of the Indus Basin at the UN conference.

The event is organized at the Pakistan Pavilion by Living Indus, the country’s biggest climate initiative that is estimated to cost $11-17 billion and was launched with UN support last year in September.

The initiative aims to protect and restore the health of the Indus River, which is crucial for the economy, environment and well-being of millions of people in Pakistan.

The Living Indus project focuses on addressing the challenges faced by the Indus River system, including water scarcity, pollution and habitat degradation, through various conservation and sustainable management strategies.

According to the information available on its website, 90 percent of Pakistan’s people and more than three-quarters of its economy resides in the Indus Basin. More than 80 percent of Pakistan’s arable land is irrigated by its waters, and nine out of the ten largest cities in the country are situated within 50 kilometers or less of the waters of Indus.

The Indus River has served as the vibrant core of the social, cultural and economic life of what is now Pakistan for well over 5,000 years. According to the country’s former climate change minister, Senator Sherry Rehman, however, it is the world’s second most polluted river today.


China, Pakistan unveil sculptures of founding fathers, highlighting strategic ties

Updated 12 min 44 sec ago
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China, Pakistan unveil sculptures of founding fathers, highlighting strategic ties

  • The statues unveiled in Pakistan’s federal capital have been created by a veteran Chinese sculptor
  • PM Sharif says the event showed the depth of Pakistan-China ties based on trust and cooperation

ISLAMABAD: A Chinese delegation visiting Pakistan on Thursday unveiled sculptures of the founding fathers of both nations, Chairman Mao Zedong of China and Quaid-e-Azam Muhammad Ali Jinnah of Pakistan, in a ceremony, with Prime Minister Shehbaz Sharif hailing the event as a testament to the historic bonds between the two nations.

The event honored the pivotal roles of Mao and Jinnah in shaping the destinies of their respective nations. Mao led China through a transformative revolution, laying the foundation for its rise as a global power, while Jinnah, revered as

Pakistan’s father of the nation, spearheaded the movement for the creation of an independent homeland for Muslims in South Asia.

Last year, Pakistan’s diplomatic mission in Beijing unveiled similar statues of the two leaders during a ceremony attended by high-ranking Chinese officials and dignitaries.

The sculptures unveiled in Pakistan’s federal capital today were created by veteran Chinese artist Yuan Xikun, who expressed his pride in contributing to this historic project.

“It’s a great honor for me to be here at the Prime Minister’s Office for the unveiling ceremony of the sculptures of Pakistan’s father of the nation Quaid-e-Azam Muhammad Ali Jinnah and the brave leader of China, Chairman Mao Zedong, which I had been invited to create,” Yuan said.

“It’s the best commemoration of the 148th anniversary of the birth of Jinnah and the 131st anniversary of the birth of Mao Zedong,” he added.

Pakistan marked Jinnah’s birth anniversary, which falls on December 25, just a day ago, while China is commemorating Mao’s birthday today, December 26.

The Chinese sculptor said the inauguration of the statues reaffirmed the common admiration and respect that the two nations have for their leaders.

He also maintained the ceremony symbolized the brotherhood between the two countries.

Prime Minister Sharif, who was present at the gathering, underscored the depth of Pakistan-China relations, describing them as a model of mutual respect, trust and cooperation.

“The historic bonds between Pakistan and China forged over decades are a testament to our shared values, mutual respect, trust, and cooperation,” he said.

Highlighting the multifaceted collaboration between the two nations, Sharif praised initiatives like the China-Pakistan Economic Corridor (CPEC), cultural exchanges and educational programs.

“Hundreds of young Pakistani students visiting Chinese universities and learning Mandarin are building a bridge between Beijing and Islamabad,” he added, adding the first batch of Pakistani agriculture graduates would visit China early next year to gain expertise in modern farming techniques.


Pakistan’s Dewan Farooque Motors to launch Chinese electric trucks in 2025

Updated 26 December 2024
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Pakistan’s Dewan Farooque Motors to launch Chinese electric trucks in 2025

  • Completely Built Units of the ‘Kama’ have already arrived in Pakistan for local assembly
  • New Chinese electric truck leverages robust structure of diesel-powered Shehzore model

KARACHI: Dewan Farooque Motors Limited, a Pakistani automobile importer and manufacturer based in Karachi, will assemble Chinese electric trucks locally, with the vehicle’s launch scheduled for the first quarter of next year, a project director at the company said. 

Pakistan approved an ambitious National Electric Vehicles Policy (NEVP) in 2019 with the goal that electric vehicles would comprise 30 percent of all passenger vehicles and heavy-duty truck sales by 2030. It has set an even more ambitious target of electric vehicles comprising 90 percent of all vehicle sales by 2040.

“The ‘Kama,’ our new Chinese electric truck, leverages the robust structure of our diesel-powered Shehzore model. For Test trial, CBU (completely built) units have already arrived in Pakistan for further proceeding to local assembly, with a launch planned within first quarter of 2025,” Kashif Riaz, Director Projects at Dewan Farooque Motors, told Arab News. 

“Traditionally, commercial trucks have a voracious appetite for fuel. Electrifying them dramatically reduces operating costs. This light commercial vehicle has a 300 Kilometer e-range and supports rapid charging.”

Riaz said the widespread adoption of electric vehicles in Pakistan could bring international acclaim and even secure carbon credits from the World Bank, presenting a “golden opportunity” as Pakistan possessed the necessary capacity, skilled workforce, and infrastructure for domestic manufacturing. 

“With abundant lithium resources and the potential for in-country battery production, 100 percent localized electric vehicle manufacturing is within reach,” the project direxctor added. 

“By eliminating the need for traditional engines and transmissions, and by localizing production of key components like batteries, Pakistan can position itself as a global exporter of electric vehicles. Stronger support for domestic EV manufacturing will undoubtedly accelerate production.”

NEW EV POLICY

Hybrid electric vehicle sales in Pakistan have more than doubled in the past year. BYD Pakistan, a partnership between China’s BYD and Pakistani car group Mega Motors, said in September up to 50 percent of all vehicles bought in Pakistan by 2030 will be electrified in some form in line with global targets.

The Warren Buffett-backed Chinese electric vehicle giant BYD announced its entry into Pakistan in August, making the nation of 250 million people one of its newest markets.

Local media reported in August that standards for EV charging stations had been drafted by the power ministry, with the government considering offering them affordable electricity.

Under the new EV policy, the government has introduced subsidies of Rs50,000 for electric motorcycles and Rs200,000 for three-wheelers like rickshaws, with a total allocation of Rs4 billion. These subsidies will be distributed through auctions. So far, two companies have been granted licenses, and 31 more applications are under review.

The policy also incorporates a reduction in the policy rate from 22 to 15 percent, with financing available at a three percent Kibor (Karachi Interbank Offered Rate) and the government covering the financial cost. Consumers will pay monthly installments of around Rs9,000 over two years, an amount lower than their projected fuel savings.

A Credit Loss Guarantee managed by the Finance Division will ensure no financial burden on the Ministry of Industries or consumers.

Additional initiatives include offering free electric bikes or scooters to 120 high-achieving students and reducing duties on EV components to encourage local manufacturing. The government is also set to establish a New Energy Fund and a New Energy Vehicle Center to support these measures.

BYD Pakistan is also collaborating with two oil marketing companies to establish a charging infrastructure network and aims to establish 20 to 30 charging stations within the initial phases concurrent with the rollout of its cars.

BYD Pakistan will initially sell fully assembled vehicles, which are subject to higher import charges than vehicles shipped in parts and assembled locally. Dewan Motors is also set to launch its EVs under the completely knocked down (CKD) license.


Pakistan says 2024 dominated by ‘robust exchanges’ with Gulf nations

Updated 26 December 2024
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Pakistan says 2024 dominated by ‘robust exchanges’ with Gulf nations

  • Pakistan has been pushing for foreign investment to shore up its $350 billion economy
  • Saudi Arabia, UAE, Qatar remained key focus of Pakistan’s bilateral engagements in 2024

ISLAMABAD: Foreign Office Spokesperson Mumtaz Zahra Baloch on Thursday outlined Pakistan’s key bilateral engagements for 2024 during a year-end briefing, saying 2024 was dominated by “robust” engagements with Gulf Cooperation Council (GCC) nations. 

Pakistan has been pushing for foreign investment in a bid to shore up its $350 billion economy as it navigates a challenging recovery path and has been buttressed by a $7 billion facility from the International Monetary Fund (IMF) in September. It has particularly looked to strengthen ties with allies and friendly nations, particularly the UAE, which said it would invest $10 billion in promising economic sectors, and Saudi Arbia, which has promised a $5 billion investment package that cash-strapped Islamabad desperately needs to shore up foreign reserves and fight a chronic balance of payment crisis.

“There was a robust exchange of high-level engagements between Pakistan and the GCC countries,” Baloch said in her last briefing of the year 2024, adding that Prime Minister Shehbaz Sharif undertook four official visits to Saudi Arabia which had consolidated the two nations’ “strategic and economic partnership.”

“Important understandings were reached with the kingdom of Saudi Arabia in political security and economic domains, and to translate the commitment between Pakistan and his Royal Highness Prince Mohammad bin Salman to expedite investment package worth $5 billion,” the spokeswoman said. 

Pakistani and Saudi businesses signed 34 MoUs worth $2.8 billion in October. The prime minister’s office said this month seven of the 34 MoUs had been actualized into agreements worth $560 million.

The foreign office spokeswoman said trade and investment opportunities also remained a key focus of Pakistan’s bilateral engagements with Kuwait, Qatar and the UAE in 2024.

“Cooperation will be prioritized with these countries in energy, mining and aviation sectors,” she told reporters.

In May this year, Sharif said UAE’s Sheikh Mohamed bin Zayed Al Nahyan had “made a commitment of investing $10 billion in multiple sectors.”

Last month, the government’s spokesperson Attaullah Tarar said Qatar would invest $3 billion in diverse Pakistani sectors. In June, Pakistan also signed a loan agreement with Kuwait for $25 million for Mohmand Dam, with assurances of support from the Kuwait Fund that it would engage its Arab Coordination Group to finance Diamer Bhasha Dam. 

Pakistan and Kuwait also signed agreements on industrial cooperation and engineering in May. 


Pakistan discovers gas reserves in northwest with potential to produce 2.14 million cubic feet daily

Updated 42 min 54 sec ago
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Pakistan discovers gas reserves in northwest with potential to produce 2.14 million cubic feet daily

  • Discovery is expected to enhance the South Asian nation’s energy self-sufficiency, says state media
  • Pakistan had recently reported decline in gas reserves, raising concerns about higher energy imports

ISLAMABAD: Pakistan’s Oil and Gas Development Company Limited (OGDCL) has discovered gas reserves in the northwestern Khyber Pakhtunkhwa province with the capacity to produce 2.14 million cubic feet of gas per day (MCFD), the state broadcaster reported on Thursday.

Pakistan heavily relies on oil and gas imports and has faced gas outages in recent years due to a decline in domestic gas supplies and failed attempts to purchase expensive gas from the international spot market.

Last year in June, the Energy Planning Resource Center, which operates under the planning ministry, reported a sharp decline in gas reserves, raising concerns about future gas production and supply in Pakistan. The center projected that natural gas production might shrink to 2,306 MCFD by 2030.

“Under the natural resources exploration projects of the Special Investment Facilitation Council, the OGDCL has discovered significant gas reserves in Khyber Pakhtunkhwa,” Radio Pakistan said. “The discovered reserves are capable of producing up to 2.14 million cubic feet of gas per day.”

It added the discovery would enhance Pakistan’s energy self-sufficiency and pave the way for further exploration in the mining sector.

In October, the China Central Depository and Clearing Company signed a deal with the OGDCL to develop Pakistan’s tight gas potential. Tight gas, a type of unconventional gas requiring advanced extraction methods, is found in reservoir rocks with low permeability, most often sandstone.

In February, the OGDCL announced the discovery of a new natural gas reserve in the Khairpur district of southern Sindh province.

In October last year, Mari Petroleum Company Limited, an Islamabad-based petroleum exploration and lease company, unveiled a substantial gas discovery in Pakistan’s southern Ghotki-Sindh region, with initial estimates indicating a daily yield of 1.11 MCFD.

In September 2022, the OGDCL also discovered gas deposits in the Kohat district of Khyber Pakhtunkhwa province.

Founded in 1961, the OGDCL explores, drills, refines and sells oil and gas in Pakistan. The company has gained importance as the country seeks to boost domestic supplies and attract foreign investment.


Pakistan reach 88-4 in Test opener against South Africa

Updated 17 min 50 sec ago
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Pakistan reach 88-4 in Test opener against South Africa

  • Kamran Ghulam, Mohammad Rizwan remain unbeaten on 23, 10 respectively
  • Pakistan skipper Babar Azam’s red-ball struggles continue as he scores only 4

CENTURION: Fast bowler Corbin Bosch made a dream test debut with a wicket on his first ball to provide South Africa a perfect start in the Boxing Day test against Pakistan on Thursday.
Bosch lured Pakistan captain Shan Masood (17) to play a lose drive and had him caught in the slips as Pakistan reached 88-4 at lunch on a seamer friendly SuperSport Park pitch, losing four wickets for 20 runs.
Bosch became the fifth South African bowler after Bert Vogler, Dane Piedt, Hardu Viljoen and Tshepo Moreki to claim a wicket with his first ball in test cricket.
Kamran Ghulam was unbeaten on 23, including a top-edged six over the wicketkeeper’s head against Bosch, and Mohammad Rizwan was not out on 10 at the break.
Masood and opening partner Saim Ayub (14) had thwarted the pace threat of Kagiso Rabada and Marco Jansen in the first hour after captain Temba Bavuma won the toss under overcast conditions and elected to field.
But Bosch’s breakthrough saw Pakistan’s top-order crumble against the pace with Dane Paterson finding edges of Ayub and Babar Azam (4).
Babar, who was dropped for the last two test matches at home against England, has long been struggling in red-ball cricket. His struggles continued as he hit Bosch for a boundary of the first ball he faced before playing loosely to Paterson and getting caught in the slips after just 11 balls.
Left-hander Saud Shakeel (14) struck three fours against Paterson before Bosch had him caught down the leg-side off a sharp short pitch ball after South Africa successfully went for a television review.
Both teams packed their playing XIs with four fast bowlers each and didn’t include a specialist spinner at a venue where pace has dominated over the last six years.
South Africa, which leads the World Test Championship points table, needs a win in one of the two test matches against Pakistan to guarantee a place in next June’s final at Lord’s.
Seventh-place Pakistan included fast bowlers Naseem Shah, Khurram Shahzad, Mohammad Abbas and Aamer Jamal in its team.
Abbas made a comeback to test cricket after more than three years while Naseem returned after missing out the last two home tests against England in October.
Injury-prone Shahzad also missed out three home test matches against England, but got the nod ahead of left-arm pace bowler Mir Hamza.