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Pakistan announces $50 million assistance for climate startups

A man walks atop boats moored on the banks of river Ravi engulfed in smog in Lahore on November 13, 2024. (AFP)
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Updated 13 November 2024
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Pakistan announces $50 million assistance for climate startups

  • Project seeks to attract private investment in climate-tech ventures
  • Initiative is backed by $25 million commitment from Green Climate Fund
Updated 13 November 2024
Arab News Pakistan

ISLAMABAD: The Pakistan government has launched Climaventures, an initiative led by the National Rural Support Programme (NRSP) under which it will provide $50 million in assistance to climate-tech startups, Radio Pakistan reported on Wednesday. 

Pakistan is ranked the 5th most vulnerable country to climate change, according to the Global Climate Risk Index. In 2022, devastating floods killed over 1,700 people and affected over 33 million, with economic losses exceeding $30 billion.

“Under this project, an investment of fifty million dollars will be made … aimed at providing technical guidance, grants and equity to climate startups," said Radio Pakistan, reporting on the Climaventures initiative. 

“This project will increase private sector investment to deal with climate related challenges in Pakistan.”

In a video posted on X last week by NRSP, Georges Sander, a climate investment specialist, said Climaventures was exciting as it supported “local entrepreneurs […] develop local solutions for local climate problems”.

The $50 million project is designed to attract private investment in climate ventures, NRSP said.

With a core $25m funding commitment from the Green Climate Fund (GCF), Climaventures says it aims to address Pakistan’s funding gaps for sustainable solutions by offering technical guidance, grants and equity for climate-focused startups.

It is the first initiative of its kind in Pakistan and brings together key stakeholders, including government officials, international organizations like the World Bank and ADB, and climate entrepreneurs.

Topics: Pakistan climate startups

Pakistan says UAE eyeing investments in Sindh’s desalination, transport, construction sectors

Updated 6 sec ago
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Pakistan says UAE eyeing investments in Sindh’s desalination, transport, construction sectors

  • UAE is one of Pakistan’s largest trade partners and main source of foreign investment
  • UAE-Pakistan trade volume rose to $7.9 billion in 2023, up by 12 percent from 2022
Updated 6 sec ago
NAIMAT KHAN

KARACHI: A spokesman for the chief minister of Pakistan’s southern Sindh province said on Thursday the UAE was interested in investing in a desalination plant in the port city of Karachi as well as in transport and construction projects.

The announcement came after a meeting between CM Murad Ali Shah and the UAE Consul General in Karachi, Bakhit Atiq Al Rimithiki, on the occasion of the National Day of the Emirates. 

The UAE is one of Pakistan’s largest trading partners and a major source of foreign investment, valued at over $10 billion in the last 20 years, according to the UAE ministry of foreign affairs. The UAE-Pakistan trade volume rose to $7.9 billion in 2023, up 12 percent from 2022.

“Discussions were also held on the investment of UAE companies in various projects in Karachi,” the CM’s office said. “UAE companies are interested in investing in Karachi’s desalination plant, transport and road and bridge construction sectors.”

The spokesman said Shah was also arranging meetings between the provincial investment department and relevant officers of the UAE.

In May this year, Prime Minister Shehbaz said the UAE had committed $10 billion to invest in promising economic sectors in Pakistan.

Earlier this month, Pakistan signed four MoUs with the AD Ports Group, a major investor in Pakistan, to explore opportunities in the maritime, air and rail sectors as well as in logistics and digital services.

With UAE partner Kaheel Terminals, AD Ports Group is already developing, operating, and managing container, bulk, and general cargo operations at the Port of Karachi, Pakistan’s major port, where it has agreed to invest almost $400 million over 15 years. 

The joint venture has agreed to invest $75 million over the next two years in superstructure and equipment, followed by $100 million within five years to increase efficiency and capacity by 75 percent, enabling the terminal to handle up to 14 million tones per annum.

Pakistan has been pushing for foreign investment in recent months in a bid to shore up its $350 billion economy as it navigates a tough reforms agenda mandated by the International Monetary Fund (IMF).

Topics: Pakistan UAE ties desalination

Premature blast kills suicide bomber in northwest Pakistan, harms no one else — police 

Updated 8 min 51 sec ago
AP
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Premature blast kills suicide bomber in northwest Pakistan, harms no one else — police 

  • Suicide bomber riding a motorcycle set off an explosive device prematurely on a deserted road in Charsadda district 
  • Pakistani Taliban, known as Tehrik-e-Taliban Pakistan, often target security forces in KP province with suicide bombings
Updated 8 min 51 sec ago
AP

PESHAWAR, Pakistan: A suicide bomber riding a motorcycle set off an explosive device prematurely on a deserted road in northwest Pakistan on Thursday, killing himself but harming no one else, police said.

Local police official Masood Khan said the blast happened in Charsadda district in Khyber Pakhtunkhwa province bordering Afghanistan, where Pakistani Taliban and other insurgents often target security forces.

Khan said the intended target was unclear and bomb disposal experts and police were still investigating whether the man was wearing the explosives or they were attached to his motorcycle.

The Pakistani Taliban, known as Tehrik-e-Taliban Pakistan, often target security forces in the province with suicide bombings and other violence. 

TTP are separate from the Afghan Taliban but have been emboldened by the group’s takeover of Afghanistan in 2021.

Topics: Pakistan attack Charsadda Arab News Pakistan

20 million Pakistanis daily attempt to access porn sites, telecoms authority says

Updated 21 min 27 sec ago
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20 million Pakistanis daily attempt to access porn sites, telecoms authority says

  • Latest figures from PTA come as it introduced a new portal for the registration of VPNs earlier this week 
  • Digital experts say government trying to block vital tools that allow users to bypass restrictions amid digital crackdowns
Updated 21 min 27 sec ago
Aamir Saeed

ISLAMABAD: The Pakistan Telecommunication Authority said on Thursday around 20 million Pakistanis were daily attempting to access pornographic websites, which authorities have banned since 2011.

In November 2011, the PTA announced it was in the process of banning the 1,000 most-frequented porn websites in Pakistan. In 2016, the government ordered Internet Service Providers to block more than 400,000 websites which contained pornographic content, while in 2019, around 800,000 additional porn sites were banned by the PTA. 

“There are approximately 20 million daily attempts from within the country to access pornographic websites which are blocked at the international gateway,” the PTA statement said. 

“However, users bypass restrictions via VPNs and access porn contents. PTA remains fully committed to curbing this issue, taking all necessary measures to block this content effectively.

“So far PTA has blocked a total of 100,183 blasphemous URLs and 844,008 pornographic websites.”

The latest figures from the PTA come as it introduced a new portal for the registration of VPNs on Tuesday, a move that is being widely seen as an attempt by the government to block vital tools that allow users to bypass government restrictions amid a wave of digital crackdowns. 

Pakistan has already blocked access to social media platform X since the February general elections, with the government saying the blocking was to stop anti-state activities and due to a failure by X to adhere to local Pakistani laws. Rights activists say the blocking is designed to stifle critical voices and democratic accountability in the country, which the government denies. 

VPN users in Pakistan reported significant disruptions to services last weekend (Nov. 9-10), with issues relating to connectivity and restricted access. Downdetector reported disruption to TunnelBear VPN and VPN Unlimited but none of the best VPNs appeared to be affected.

The Proton VPN Observatory, run by the developers of one of the most secure VPNs, Proton, reported a spike in VPN usage in Pakistan on Nov. 9 and recorded a 350 percent increase in VPN sign-ups in Pakistan over Nov. 9-10. 

There are also reports Pakistan is imposing a national firewall, which the Pakistan Software Houses Association (P@SHA) has said could cost the economy up to $300 million. In August, the Pakistan Business Council (PBC) warned that frequent Internet disruptions and low speeds caused by poor implementation of the firewall had led many multinational companies to consider relocating their offices out of Pakistan, with some having “already done so.”

Digital rights activists say Islamabad is implementing the Internet firewall to monitor and regulate content and social media platforms, but the government denies the firewall is meant for censorship purposes. 

Topics: Porn sites Pakistan

After ODI series win, Rizwan to lead Pakistan in first T20I against Australia today

Updated 14 November 2024
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After ODI series win, Rizwan to lead Pakistan in first T20I against Australia today

  • Pakistan to play three-match series against Australia on Nov. 14, 16 and 18 in Brisbane, Sydney and Hobart
  • Rizwan’s side defeated Australia 2-1 in three-match series last week to win first series in Australia since 2002
Updated 14 November 2024
Shahjahan Khurram

ISLAMABAD: Pakistan skipper Mohammad Rizwan will lead his side for the first time against Australia in a T20I format at Brisbane today, Thursday, after steering the green shirts to their first ever ODI series victory against the 2023 world champions since 2022. 

Rizwan will become the 12th person to assume Pakistan’s T20 captaincy when he takes the field in Brisbane for the first T20I. Pakistan’s cricket team, encouraged by stellar performances from fast bowlers Haris Rauf, Shaheen Shah Afridi and Naseem Shah, beat Australia 2-1 in the three-match series that concluded last week. 

After Thursday’s match, Pakistan will play against Australia in Sydney and Hobart on Nov. 16 and 18 respectively. Pakistani cricketers Jahandad Khan, Mohammad Abbas Afridi, Omair Bin Yousuf, Sahibzada Farhan, Sufiyan Moqim and Usman Khan joined the T20I squad in Brisbane on Nov. 11 after undergoing a five-day training camp in the southern port city of Karachi. 

“We are confident after beating Australia in the ODI series but international cricket is always challenging so we aim to do things as better as we can going into this T20I series against Australia,” Rizwan said a day before the match. 

“We have determined the roles of various players in the team and look forward to executing our best plans not just in this series but also in the upcoming white-ball fixtures against Zimbabwe and South Africa.”

The Pakistan captain said he wanted to keep all the players involved in the series motivated. 

“Of course, the conditions have helped the bowlers on this tour so far but we also want to prove our mettle as a batting unit and I look forward to an exciting contest in the three matches,” he said. 

Pakistan last faced Australia in a T20 contest in March 2022 when the two teams played a one-off T20I in Lahore, which Australia won. In Pakistan’s last T20I series in Australia in November 2019, the hosts won 2-0 after the opening match ended in a no result. 

Josh Inglis will lead Australia in the T20I series while Tim David and Nathan Ellis have joined Australia’s T20I squad. Josh Philippe, meanwhile, has replaced the injured Cooper Connolly.

Pakistan: Mohammad Rizwan (captain – wicket-keeper), Salman Ali Agha (vice-captain), Arafat Minhas, Babar Azam, Haris Rauf, Haseebullah, Jahandad Khan, Mohammad Abbas Afridi, Muhammad Irfan Khan, Naseem Shah, Omair Bin Yousuf, Sahibzada Farhan, Shaheen Shah Afridi, Sufyan Moqim, Usman Khan
 

Topics: Pakistan vs Australia Pakistan cricket Pakistan cricket team Muhammad Rizwan

Pakistan rover to join China’s Chang’E 8 mission to explore lunar surface in 2028

Updated 14 November 2024
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Pakistan rover to join China’s Chang’E 8 mission to explore lunar surface in 2028

  • Chang’E 8 mission is a robotic exploration of the lunar south pole, known for its challenging terrain, by China in 2028
  • Pakistan’s rover will conduct scientific experiments such as lunar soil study and conduct tests for human presence
Updated 14 November 2024
Hasaan Ali Khan

ISLAMABAD: Pakistan’s national space agency announced this week its rover will join China’s Chang’E 8 mission to explore the moon’s surface in 2028, describing the development as a “significant milestone” for the South Asian country. 

The Chang’E 8 mission is a robotic exploration of the lunar south pole by China, expected to launch in 2028. The Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the country’s space program, said its rover will land on the lunar south pole in 2028 as part of the Chang’ E 8 mission. The south pole of the moon is known for its challenging terrain and potential scientific discoveries. 

In May, Pakistan launched its first lunar satellite aboard China’s Chang’e-6 probe, which was tasked with landing on the far side of the moon that perpetually faces away from the Earth. China was the first country to make such an ambitious attempt.

“SUPARCO’s rover, with an approximate weight of 35 kilograms, will join China’s Chang’E 8 mission, which is part of the larger International Lunar Research Station (ILRS) project,” SUPARCO said in a statement on Wednesday. 

“This collaboration marks a significant milestone for Pakistan’s space program, as SUPARCO’s indigenous rover will be part of the mission to explore the lunar surface.”

SUPARCO said the mission would involve scientific experiments such as lunar soil study, lunar surface mapping and testing new technologies for human presence on the moon. It highlighted that the rover, equipped with state-of-the-art scientific instruments, would play a pivotal role in collecting data.

“This collaboration with China highlights the strong bilateral relations between the two countries and their shared vision for space exploration,” it concluded.

Topics: suparco Pakistan space mission pakistan china space program

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