Tag: Pakistan

Get the latest Pakistan news, breaking stories, politics, business, economy, taxation, markets, and national developments from across the country.

  • Pact signed to promote STEAM education

    Pact signed to promote STEAM education

    ISLAMABAD: While transitioning from the exam-centred to learning based approach, the Ministry of Federal Education & Professional Training’s (MoFEPT) STEAM Pakistan program is focused on improving conceptual understanding and analytical skills of school children across the country, with a specific focus on girls’ education.

    Launched in early 2022, the program has already started its interventions in middle and high schools in the Islamabad Capital Territory.

    As part of the program, MoFEPT signed a Letter of Understanding (LoU) today with the Federal Government Educational Institutions (FGEI) for a roll-out of STEAM interventions across all of its high schools.

    FGEI’s Director General, Major General Muhammad Asghar, HI (M), stated that “STEAM Pakistan project will complement the various measures taken by FGEI to attain the objective of quality education and promote the conceptual learning and development of soft skills in youth”.

    The LoU intends to support FGEI’s efforts on targeting students in middle schools across its network, with MoFEPT providing technical support for systems, teacher training, and STEAM content.

    Additional Secretary Waseem Ajmal Chaudhry at the signing ceremony remarked, “It is important that we focus on our children’s learning, and today is a great opportunity for the Ministry of Federal Education to collaborate with another Ministry for this purpose. The Ministry looks forward to providing similar technical support to provinces on STEAM”.

    FGEI currently manages 190 high schools in 45 districts across all provinces and AJ&K, and a total of 311 schools (including 13 higher secondary schools) and 47 colleges across Pakistan with over 8,000 teachers and 200,000 students. FGEI operates under the aegis of Ministry of Defence.

    STEAM Pakistan is a collaborative project through which Malala Fund and partners are providing support to the Federal Ministry of Education and Professional Training to advance secondary school-aged girls’ access to science, technology, engineering, arts and mathematics education in Pakistan.

  • FrieslandCampina Pakistan, WWF partner to regenerate environment

    FrieslandCampina Pakistan, WWF partner to regenerate environment

    KARACHI: FrieslandCampina has partnered with the World Wide Fund for Nature (WWF-Pakistan) on a tree plantation initiative to increase local resilience to the impact of climate change and increase tree cover.

    The collaboration will focus on the plantation of indigenous trees to help combat pollution, deforestation, and urban flooding. Under the partnership, FCEPL team planted mangrove saplings at the WWF Wetland Center in Karachi. Additionally, WWF held a training for FCEPL’s employees to educate them on plantation techniques and post-care.

    Highlighting the partnership, Sania Sattar Head of Sustainability, FrieslandCampina Pakistan, stated: “Regeneration is a core pillar of FCEPL’s local sustainability strategy. There is a pressing need to address the ongoing effects of climate change, and only through a cohesive, concentrated and collaborative effort can we hope to mitigate them.”

    Speaking on the occasion, Faisal Razi, Director Marketing at FCEPL said, “We remain committed to nourishing Pakistan sustainably while working in balance with nature. All of us have collective responsibility towards our planet and we must leave a better one for the generations to come.”

    Emphasizing the need for climate action, Hammad Naqi, Director General of WWF-Pakistan said: From heat waves to forest fires and the worst floods in recent memory, Pakistan is facing a climate catastrophe.

    It is therefore imperative that we come together; governments, businesses, and non-profit and development organizations; to work towards climate adaptation.

    Mangrove plantation is a part of this solution. As the first line of defense against cyclones, strong surges, tsunamis and other natural calamities impacting the coast and deltaic region, mangroves support a healthy and productive ecosystem that benefits not only our communities, but biodiversity as well.  

    As part of its ongoing efforts for environmental conservation, FCEPL has been driving tree plantation in and around its facilities and partner farms in Sukkur and Sahiwal. By training the farmers on energy and water conservation, helping them switch to solar power at farms, and encouraging them to plant trees at their premises, FCEPL continues to seed environmental considerations amongst the farmers of Pakistan.

  • Honda suspends car production in Pakistan

    Honda suspends car production in Pakistan

    KARACHI: Honda Atlas Cars (Pakistan) Limited on Monday announced to suspend production due to prevailing economic conditions in the country.

    In a communication received by Pakistan Stock Exchange (PSX), the car manufacturer stated that considering the current economic situation of the country, the government had restored to stringent measures including minimizing the import of Completely Knocked Down (CKD) kits and raw materials, the company’s supply chain had also been disrupted by such measures.

    READ MORE: Indus Motors to increase car prices to pass cost impact

    “As a result, the company has also to rationalize its production and ultimately to shut down its plant from October 04, 2022 to October 11, 2022,” the company added.

    Prior to this, other car manufacturers have also stop production due to same reasons.

    Honda Atlas Cars (Pakistan) Limited is a joint venture between Honda Motor, Japan, and the Atlas Group, Pakistan.

    READ MORE: PSMC offers free WagonR registration amid sales slump

    The Company was incorporated on November 04, 1992 and listed on Pakistan Stock Exchange Limited.

    The joint venture agreement was signed on August 05, 1993. The groundbreaking ceremony was held on April 17, 1993, and within a record time of 11 months, the construction and erection of machinery were completed.

    The first car rolled off the assembly line on May 26, 1994. The official inauguration was honored by the then President of Pakistan, Late Sardar Farooq Ahmad Khan Leghari.

    Nobuhiko Kawamoto, President of Honda Motor, Japan, and the late Yusuf H. Shirazi; Founder of Atlas Group were also present to grace the occasion.

    READ MORE: Toyota stops car production in Russia

    The Company enlisted on then Karachi & Lahore Stock Exchanges (now Pakistan Stock Exchanges) and Initial Public Offer (IPO) was made in November 1994.

    On July 14, 1994, car booking started at six dealerships in Karachi, Lahore, and Islamabad.

    Since then, the dealership network has expanded and now the Company has 37 3S (Sales, Service, and Spare Parts), 17 2S (Service and Spare Parts), and 5 1S (Spare Parts) authorized dealerships in Pakistan.

    All dealerships are constructed in accordance with the standards defined by Honda the world over.

    The Company started production in 1994, with the launch of the 5th generation of the Honda Civic in Pakistan.

    READ MORE: Ferrari launches its first ever four-door car

    Later on, the Company enriched the product line with the launch of Honda City in 1997 and Honda BR-V in 2017. The Company consistently increased production with the progress of the car market and to meet the growing customer demand.

    A major plant expansion was done in 2006 and the production capacity was increased to 50,000 units/ year.

  • Pakistan reviews petroleum prices on Sept 30, 2022 amid crash in global rates

    Pakistan reviews petroleum prices on Sept 30, 2022 amid crash in global rates

    Pakistan is set to review petroleum prices on September 30, 2022 for the next fortnight starting from October 01, 2022. The government will review the prices when the prices in international markets have been crashed to multi months low.

    According to Reuters news agency oil prices fell $2 a barrel a day earlier, settling at nine-month lows in choppy trade, pressured by a strengthening dollar as market participants awaited details on new sanctions on Russia.

    READ MORE: New petroleum prices in Pakistan effective from September 21, 2022

    Brent crude futures for November settled down $2.09, or 2.4 per cent, to $84.06 a barrel, plunging below levels reached on January 14. U.S. West Texas Intermediate (WTI) crude for November delivery dropped by $2.06, or 2.3 per cent to $76.71, the lowest since Jan. 6.

    Previously, the government revised the petroleum prices on September 21, 2022, which was scheduled to be announced on September 15, 2022.

    According to a statement issued by the Finance Division, the government decided to increase prices of petrol by Rs1.45 per liter to Rs237.43 from previous rate of Rs235.98.

    READ MORE: New petroleum prices in Pakistan from September 01, 2022

    However, the government kept the price of high speed diesel (HSD) unchanged at Rs247.43 per liter.

    The price of kerosene oil has been reduced by Rs8.30 per liter to Rs202.02 from Rs210.32.

    Similarly, the rate of light diesel oil has been reduced by Rs4.26 per liter to Rs198.28 from previous rate of Rs201.54.

    It is pertinent to mention that the government to announce the prices of petroleum products in the wake of massive appreciation in rupee value as well. Besides, Ishaq Dar is also assuming the charge as finance minister. These factors would also impact the review.

    READ MORE: New petroleum prices in Pakistan from August 16, 2022

    The previous government of PTI had kept both the petroleum levy and sales tax at zero in order to provide relief to the masses. The PTI government also provided a huge subsidy on prices of petroleum products in order to lower the rates and provide relief to the masses.

    However, former Prime Minister Imran Khan was removed through a vote of no-confidence motion on April 10, 2022. Since then the new coalition government led by PML-N increased the prices of petroleum products sharply on three different occasions.

    READ MORE: New petroleum prices in Pakistan from August 1, 2022

    The present government in the budget estimated to collect Rs855 billion as petroleum levy during the fiscal year 2022/2023. As this fiscal year is starting from July 01, 2022, it is likely that the government will opt to impose the levy from this date.

    The exchange rate has seen massive decline in rupee value during past week despite inflows received from the International Monetary Fund (IMF).

    READ MORE: New prices of petroleum products in Pakistan from July 01, 2022

    Pakistani Rupee (PKR) has plunged by PKR 20 against the US dollar since the country received tranche from the International Monetary Fund (IMF). The country received a tranche of $1.16 billion from the IMF under Extended Fund (EFF) loan program on August 31, 2022.

    The government was hopeful of improvement in economic indicators once the money is received from the IMF. However, in contrast the PKR fell sharply since the IMF funds transferred to the State Bank of Pakistan (SBP).

  • Pakistan vows to provide affordable internet, meaningful connectivity

    Pakistan vows to provide affordable internet, meaningful connectivity

    Pakistan is committed to work for affordable internet, universal and meaningful connectivity and close global and regional cooperation, said Federal Minister for IT and Telecommunication Syed Amin Ul Haque.

    He was addressing the Ministerial Rountable Conference (ITUPP 2022) in Bucharest, Romania on Sunday.

    The minister said the government of Pakistan through its Universal Service Fund initiative is running diverse telecom infrastructure and services programs that are playing a pivotal role in providing high-speed Internet to unserved, underserved & hardest-to-connect communities.

    The subsidy driven programs are accelerating digital transformation and are empowering marginal communities to ease into digital ecosystem, with special emphasis on gender inclusivity, he added. During last four years we have contracted 79 new projects worth over 266 Million USD to provide coverage to 28 million people, he added.

    READ MORE: Google Career Certificates to bring digital revolution in Pakistan

    He said the government of Pakistan also intends to provide not only a conducive environment but to drive both the demand and supply sides of the ecosystem, hence creating an image of a globally competitive and prosperous country that provides a high quality of life for all its citizens.

    As part of our digital transformation journey, the government is targeting an ambitious slogan “Smartphone for All”. It is pursuing a multipronged implementation strategy.

    This will range from nascent policy interventions for creating a harmonized regulatory environment to digital awareness and skills development programs for harnessing a culture of indigenous research and innovation, he added.

    Moreover, for augmented, seamless and transparent delivery of government to government/business/citizen services, we are implementing a comprehensive smart government ecosystem, which is helping us to consolidate our resources and efforts for achieving the public service delivery, efficiently and effectively, Syed Amin Ul Haque said.

    READ MORE: PTA warns internet users of death punishment for blasphemy

    The Federal Minister for IT said the government of Pakistan has a strong vision to empower talented youth of Pakistan by providing opportunities where they can embark on entrepreneurship as a career.

    For this purpose, Government is providing an enabling environment to talented youth by establishing tech-based National Incubation Centers (NIC), he said.

    During last year, Pakistani startup space caught the global attention of renowned investors & VC firms and attracted record highest ever investments with 275 per cent increase, he said.

    About recent floods in Pakistan and climate changes, the Federal Minister for IT said despite being lowest on global carbon emission ranking, Pakistan is one of the largest affectees of climate changes in the world. Recent floods in the country have been devastating and the havoc left behind is out of realm of imagination, he added.

  • Experts stress rehabilitating education infrastructure in floods hit areas

    Experts stress rehabilitating education infrastructure in floods hit areas

    ISLAMABAD: The educationists and experts had conversation on September 16, 2022 to stress on rehabilitating and rebuilding the education infrastructure destroyed in the floods.

    The conversation was organized virtually by the Ministry of Federal Education and Professional Training’s STEAM Policy Unit.

    The senior education expert and author of “Teachers, Bureaucracy, and Politicians,” Javed Ahmed Malik said: “From our conversations with the Punjab Education Department, we know that it takes around Rs12 million to rebuild one school. This means we need a whopping Rs216 billion to rebuild 18,000 schools destroyed in the recent floods.”

    READ MORE: Sindh exempts tax on services provided for flood relief

    Strong public-private partnership models, development and implementation of a comprehensive remedial and accelerated learning program, and international commitment to rebuild the destroyed educational infrastructure on war footing were some of the solutions put forward by the experts to ensure nimble access to education for the displaced children.

    Focusing on the infrastructural damages and the looming specter of learning losses, international Education Activist, Moiz Hussain shared, “From the initial reports, over 3.5 million children have been affected by the floods. The biggest challenge we faced during the Covid-19 pandemic was the learning losses due to prolonged school closures. We are once again facing the same challenge since most school buildings are in no condition to accommodate students anytime soon.”

    Drawing from past precedents of rehabilitating and rebuilding the education infrastructure after a natural calamity, Head of the STEAM Policy Unit, Salman Naveed Khan pointed out that the process was often considerably slow and even staggered. He said that, “The reconstruction of the last lot of schools destroyed in the 2005 earthquake was completed only last year in 2021. If we take this as a benchmark, it will take us 16 to 17 years to rebuild the 18,000 schools which were destroyed in the recent floods.”

    READ MORE: SBP allows flood relief donations through home remittance channel

    Multi-media journalist Amber Shamsi lamented the system’s inability to learn from the past. “It seems we haven’t learned anything at all from the earthquake in 2005 and the floods in 2010-11. We are once again racking our brains to reinvent the wheel when so many solutions can be extracted from the calamities that we went through less than two decades ago.”

    The need to include climate education in the curriculum also came under discussion as an important long-term strategy. “If we do not teach our children about climate change, problem-solving and decision-making skills from an early age then we will never be able to protect ourselves from the catastrophic impacts of climate change,” commented television anchorperson Zarrar Khuhro.

    Fozia Parveen, Assistant Professor at The Agha Khan University, however, stressed that climate education should not merely be taken as information about natural disasters, and pollution, but should come hand-in-hand with practical skills which can effectively help a community protect itself during a crisis caused by climate change.

    READ MORE: FBR directs speedy clearance of flood relief goods

    Adding to this, Arooj Khalid, Senior Project Officer at Science Fuse shared, “During our science activities in schools in Balochistan, female students eagerly told us about the impact of climate change on their lives. If provided the right information and skills at the school level, these students can help their communities rise above the challenge.”

    The recent floods that have left almost 70 per cent of Pakistan’s landmass submerged under water, displaced close to 33 million people, and taken thousands of precious lives have also left the country’s fragile education system in tatters.

    STEAM Pakistan is an initiative of the Ministry of Federal Education and Professional Training, which aims to enhance secondary-school-aged students’, especially girls’ access to science, technology, engineering, arts, and maths education across the country.

  • Techaccess Pakistan hosts session on in power sector cybersecurity

    Techaccess Pakistan hosts session on in power sector cybersecurity

    ISLAMABAD: Techaccess Pakistan has hosted a session on “Cybersecurity Challenge in Critical Infrastructure (Power Sector)” in Islamabad aim of soliciting awareness amongst national public and private sector’s energy power entities against the global risks of cyber-attacks.

    The session was organized by Techaccess Pakistan and a large number of power sector’s professionals, trade and business representatives, NEPRA’s members of the authority and professionals attended the event.

    Chairman NEPRA, Tauseef H. Farooqi in his welcoming address highlighted the importance of the session. He remarked that cyberspace is the new 21st century warzone.

    Most of the cyber-attack in 2021 and 2022 were focused on energy sector. Cybersecurity is more challenging within power sector due to dispersed geo locations of generation plants and interdependence between OT and IT infrastructure.

    Cybersecurity incidents are now “Eco-System” challenges because it is not just one electricity supply chain actor that is targeted but the weakest link in somewhere in country’s power system. We need comprehensive cybersecurity governance model to deal with this Ecosystem challenge and promote security and resilience-by design culture.

    CTO Tariq Malik emphasized that the recent cyber-attacks by means of “viruses” or other known methods against primary energy operators and in general OT (SCADA) Systems, are once again reminding us that we are now facing a very expensive “digital pandemic” which has become an “endemic” in threat handling.

    In fact, many events of cyber incidents are continuously emerging at global level on several OT Systems on different industrial technological plants with a fluctuation of increases and temporary apparent decreases in the number of cases identified (not always able to detect or report).

    Unlikely, Industries have to learn to live with it, putting in place and continuously updating the necessary treatments to thwart and “mitigate their effects” according to “protocols” suggested by Cyber Security Authorities and Industrial entities, specialists in the Cyber Domain, daily involved to categories insurgences’ cyber incidents and their effects.

    In the session the trainer also talked about the cyclical practice of identifying, classifying, prioritizing, remediating and mitigating software vulnerabilities that provides the idea of vulnerability management.

    Among the indications that emerge from various parts as a common factor, it will undoubtedly be decisive that of investing with determination in the creation of a progressive national autonomy in the development of advanced products and technologies to be promptly integrated into the public cyber security ecosystem or private cyber security ecosystem.

    Mehmood Jabbar CEO of Techaccess Pakistan jointly with its industrial partner RTA has exactly approached this mission to have a national under controlled cyber security solution which is able to manage in a secure way its H24 support national Corporates and Governmental Authorities by the adaptation of RTA and iSOC to the operational requirements and IT / OT infrastructures for its most sensitive Customers.

    Saad Mudassir Chief Company Engineer from Associated Press of Pakistan said, “The event was so informative and well managed. The practical training is something above, considering generic workshops.”

  • Pakistan reaffirms commitment to work closely with Russia

    Pakistan reaffirms commitment to work closely with Russia

    ISLAMABAD: Pakistan on Thursday reaffirmed its commitment to work closely with Russia to further strengthen cooperation between the two countries.

    Prime Minister Mian Muhammad Shehbaz Sharif held a warm and cordial meeting with President of the Russian Federation Vladimir V. Putin on the sidelines of the Shanghai Cooperation Organization (SCO) Council of Heads of State in Samarkand.

    READ MORE: Pakistan premier arrives Russia after two decades

    The two leaders discussed bilateral ties and exchanged views on regional and international issues.

    The Prime Minister thanked President Putin for Russia’s expression of solidarity and support for the people affected by the massive floods in Pakistan. The Prime Minister also shared details of the devastating impact of this climate induced calamity.

    The Prime Minister expressed satisfaction at steady growth of Pakistan-Russia relations, which were marked by strong mutual trust and understanding.

    The Prime Minister reaffirmed Pakistan’s commitment to work closely with Russia to further expand and strengthen cooperation between the two countries across all areas of mutual benefit including food security, trade & investment, energy, defence and security.

    It was agreed to convene the next meeting of the Inter-Governmental Commission (IGC) in Islamabad at an early date. Appreciating Russia’s constructive role in Afghanistan, the Prime Minister said that both Pakistan and Russia had vital stakes in a peaceful and stable Afghanistan.

    The Prime Minister said that it was essential to intensify the pace of international engagement on Afghanistan and reaffirmed Pakistan’s commitment to support all regional and international efforts to stabilize Afghanistan.

    Prime Minister Muhammad Shehbaz Sharif also met President of Iran Seyed Ebrahim Raisi on the sidelines of the SCO Council of Heads of State meeting in Samarkand on Thursday.

    Shehbaz-Sharif-Ibrahim-Raisi

    The Prime Minister extended his gratitude to President Raisi and to the people of Iran for their solidarity and support with the Pakistani nation during the massive floods in the country.

    The Prime Minister highlighted the devastating impact of the floods caused by climate change, and underscored that Pakistan with the least carbon emissions was bearing the cost of something for which it was not responsible.

    He stressed the importance of tangible international action to help address the challenges that climatically vulnerable countries like Pakistan were facing.

    READ MORE: Presidents of Pakistan, Iran discuss trade, economy

    During the meeting, the two leaders positively evaluated the outcome of the Pakistan-Iran Joint Economic Commission and agreed to further promote bilateral relations in diverse fields.

    Both sides also affirmed the desire to strengthen cooperation in economic, trade, connectivity, energy, culture and people-to-people links.

    The Prime Minister underscored the need for closer bilateral engagement for boosting economic and energy cooperation, operationalizing barter trade, opening border sustenance markets, and facilitation of Pakistani Zaireen.

    It was agreed that Pakistan would be sending a delegation to discuss measures for expanded cooperation in bilateral trade and energy sectors. The Prime Minister reiterated his invitation to President Raisi to visit Pakistan at the earliest convenience. President Raisi renewed his invitation to the Prime Minister to visit Iran.

  • Suzuki Pakistan launches new Alto VXR

    Suzuki Pakistan launches new Alto VXR

    KARACHI: Suzuki Pakistan launched the all new Alto VXR with improved controls, better fuel efficiency, optimal power-to-weight ratio and a spacious body. The car has been designed as an excellent hatchback car offering its young audience enhanced performance, quality and reliability.

    The all new Suzuki Alto is revving up to add pace in life. From economy to aesthetics and from spaciousness to technology, the new model gives you everything in one car, so that you are in control of life. The all new Alto offers an exuberant experience for the young generation and also for those who are young at heart.

    The aerodynamics design with unique lines and curves gives the car a young and vibrant look. The design of all the panels, the wheelbase and the cabin will certainly please your senses. The aesthetically designed door panels accentuate the richness of the sharp design as well as gives the car a lively appearance.

    The unique rear and design inspires a moment of awe and appreciation. The back door emphasizes the shape of the rear end while the tail lamps fitted in the rear bumper complete the compact design. The all new Alto comes in a variety of colors and you might find it difficult to settle for a choice.

    The all new Alto is the perfect blend of form and function. Whether you are looking for convenience or liveliness, this car has everything for you. All the lines and panels, the front mask and the interior are stylishly set while the headlamps in a bold design instantly grab your attention.

    With the improved R series engine (R06A Type), high power-to-weight ratio, increased strength and the aerodynamic shape, the all new Alto is a highly reliable and fuel-efficient hatchback vehicle.

    The all new Alto has a 660cc three-cylinder petrol engine known as the R06A. Whether you are driving through streets full of traffic or cruising up the highway, this highly efficient engine provides you with the power, reliability, fuel economy and control you need.

    The innovative transmission system minimizes torque loss, providing smooth transition and acceleration through all of its five gears. The setting of clutch and ECU/ECM optimizes the control operations of the engine’s working and contributes to better fuel efficiency.

    The all new Alto is a highly efficient performance car that makes your daily shopping and outings a pleasant experience. Spacious cabin and storage accessories of the new model ensure complete comfort for you and your family.

    The all new Alto offers sufficient storage space with additional console drink holders that are a part of the standard offering.

    A luggage under the box offers storage space of umbrellas and other objects.

    The dashboard panel has an integrated media player with a touch screen that you can conveniently use while driving. It has screen mirroring option, Bluetooth calling, auxiliary cable and USB support functions.

    When the immobilizer engine is started, the ID code on the portable remote control side and the vehicle side is electronically authenticated. The engine will not start of there is no match and the immobilizer will effectively suppress vehicle theft.

    During sudden braking on slippery surfaces, four-wheel Anti-lock Brake System (ABS) is activated. It prevents tyre locks, stabilizers the car body, and helps handle obstacles by steering. Furthermore, it is equipped with an Electronic Brake force Distribution ER Impact Mitigation Structure (EBD) that automatically helps maintain control by sending the optimum amount of force to the front and rear wheels.

    When the security alarm system is activated and the door is unlocked by an operation other than the request or keyless entry, a hazard theft alarm and a horn alert you.

  • Lucky Cement installs 25.3 MW solar energy plant at Karachi

    Lucky Cement installs 25.3 MW solar energy plant at Karachi

    KARACHI: Lucky Cement Limited on Wednesday announced a signing of an agreement for installation of a 25.3 megawatts captive solar power project at an estimated cost of Rs3 billion.

    In a communication sent to Pakistan Stock Exchange (PSX), Lucky Cement informed that it had entered into an arrangement with Orient Energy System (Private) Limited for the supply and installation of a 25.3 MW captive solar power project at its Karachi plant.

    READ MORE: Lucky Cement posts record Rs36.42 billion profit

    The estimated cost of the project is Rs3 billion and the company is in the process of establishing LCs for import of equipment which is subject to receiving approval from the State Bank of Pakistan (SBP).

    The project is expected to be completed in approximately eight months after the establishment of the LC.

    The company further said that the information is in addition to the earlier announced 34 MW captive solar project with a 5.589 MW Reflex energy storage at the company’s plant in Pezu, Lakki Marwat.

    READ MORE: Lucky Cement announces Rs26.53 billion 9M profit

    Sustainability and adoption of clean energy has remained a cornerstone of the company’s strategy and it was one of the first cement companies to install waste heat recovery (WHR) units at both its plant sites.

    The company’s initiative for investment in renewable energy projects will play a key role in cost savings as well as reduction of the country’s reliance on imported fuel.

    READ MORE: Lucky Cement installs 34MW solar power project