An IMF delegation arrived in Pakistan on Monday to discuss climate financing with the authorities. The lender’s team objected to the proposed sales tax relief on electric vehicles and rejected the relief offered in the country’s electric vehicle policy, sources said. The IMF team also opposed sales tax concession in local sales of the parts […]
As per details, discussions will focus on green budgeting, climate spending tagging, tracking, and reporting. For the upcoming fiscal year 2025-26, the government is considering imposing a carbon levy, with initial proposals set to be discussed in the next round of negotiations. The IMF delegation is expected to provide recommendations regarding the levy. The talks, […]
The inauguration ceremony was hosted by the Rawalpindi Chamber of Commerce and Industry (RCCI). The event was attended by Fatou Harerimana, the High Commissioner of Rwanda, Azerbaijan’s Ambassador, Khazar Farhadov, and Dr. Bushra Mirza, Vice Chancellor of Fatima Jinnah Women’s University. In his welcome address, President RCCI Usman Shaukat underscored the importance of sustainable development, […]
He was addressing in a private university in Lahore on Monday. Justice Mansoor Ali Shah pointed out that Pakistan ranks as the 8th most vulnerable country to climate change, highlighting the severity of the issue. “Courts have consistently taken climate emergency cases seriously, from addressing industrial closures in the 1990s to discussing various environmental factors.” […]
According to details, the funds will be used to establish stable aviation fuel reserves in the country. A private aviation fuel storage facility is planned to be set up in Sheikhupura, Punjab. The loan falls under the climate support framework aimed at financing infrastructure projects. The initiative is expected to reduce carbon emissions in the […]
Vanuatu, one of the small island states that spearheaded the effort to get the International Court of Justice to give a so-called advisory opinion, will be the first of over a hundred states and international organizations to give their views in two weeks of proceedings starting at 10 a.m. (0900 GMT). While the court’s advisory […]
Representatives from Vanuatu and other low-lying at-risk islands in the Pacific Ocean will open marathon proceedings at the International Court of Justice at 10:00 am (0900 GMT) before a 15-judge panel. Over the course of the next two weeks, more than 100 countries and organizations will make submissions on the topic, the highest number ever […]
According to sources, the IMF agreed to provide $1 billion in climate financing after the first quarterly economic review, expected to occur in March. Sources revealed that the climate financing will be part of the Extended Fund Facility (EFF) loan program, which will become the largest program in Pakistan’s history once approved. The economic team […]
The SC constitutional bench has been formed under the 26th Constitutional Amendment. A six-member bench was headed by Justice Aminuddin, which took up the plea. During the hearing, Justice Jamal Mandokhail stated that the petition was a review and the case could not be reopened. The petitioner’s lawyer, Riaz Hanif, argued that the Supreme Court […]
“Pakistan endorses Ms. Albanese’s stance that Israel is obstructing international investigation efforts, including denying the entry of fact-finding teams from the United Nations. We support her call on the international community to act decisively in ending Israel’s unbridled atrocities against Palestinians and to ensure unhindered humanitarian assistance to Gaza, as well as full financing and […]
