‘Recharge Pakistan’ Initiative: A $77.8 Million Boost for Climate Resilience at COP28
In a groundbreaking announcement at COP28 in Dubai, Prime Minister Anwar-ul-Haq Kakar unveiled “Recharge Pakistan,” a $77.8 million initiative over seven years, dedicated to harnessing nature for climate adaptation. With contributions from the Green Climate Fund, USAID, The Coca-Cola Foundation, and WWF-Pakistan, this initiative prioritises nature-based solutions to fortify ecosystems, particularly the vulnerable Indus Basin. […]
All Aboard the Green Track: Pakistan Railways Embraces Solar Power!
In a groundbreaking stride toward sustainability and cost-efficiency, Pakistan Railways is embarking on a transformative journey by transitioning its entire power network, encompassing major railway stations, offices, workshops, and factories, to solar systems. This ambitious initiative not only underscores the commitment to environmental responsibility but is also anticipated to yield substantial financial benefits for the […]
Pakistan Stock Exchange Breaks Records with 800-Point Rally
In a groundbreaking moment, the Pakistan Stock Exchange (PSX) has shattered records by surpassing the historic 64,000-mark, marking a significant milestone in the country’s economic resurgence. The benchmark KSE-100 Index closed at an unprecedented 64,718.07, registering a remarkable gain of 800.35 points or 1.25%. This historic surge is underpinned by a confluence of factors, […]
ADB’s $659M Boost: Charting a Prosperous Course for Pakistan
In a strategic move towards bolstering its economic resilience and fostering sustainable development, Pakistan has secured a significant financial package of $659 million from the Asian Development Bank (ADB). This substantial financing comprises three distinct loans aimed at resource mobilisation, school rehabilitation, and agricultural productivity enhancement. The first phase involves a $300 million loan […]