LONDON, UK: Oracle Power PLC has signed a non-binding Memorandum of Understanding (MoU) with Nuvera Fuel Cells LLC to jointly explore opportunities for de-carbonised heavy-duty transport and port infrastructure in Pakistan powered by green hydrogen, a bourse filing said. Nuvera, headquartered in Massachusetts, is enabling hydrogen vehicle adoption. Nuvera manufactures heavy-duty, zero-emission fuel cell engines…
Tag: Pakistan
Pakistanis can’t meet life-goals due to ‘Confidence Gap’
Standard Chartered latest survey into affluent (comprising emerging affluent, affluent and high net worth) consumers in 12 markets across Asia, Africa, the Middle East and UK, revealed that in Pakistan 92 per cent of them have reset their life goals following the pandemic. At the same time, for 50 per cent of the respondents, COVID-19…
HB International announces the biggest satellite play over Pakistan
LAHORE, PAKISTAN: HB International has signed a contract with EAST Satellite Holdings Pty Ltd for a hybrid ultra-high throughput geostationary satellite over Pakistan through ESRA, a new division. HB International is a major Pakistan-based conglomerate with prominent telecommunications interests. The newWAVE satellite by EAST will deliver 80Gpbs capacity in Ku and Ka band frequencies making…
Pakistan receives 1.23 million doses of AstraZeneca vaccine
ISLAMABAD: Pakistan today received 1.236 million doses of COVID-19 Vaccine AstraZeneca through COVAX. COVAX, co-led by the Coalition for Epidemic Preparedness Innovations (CEPI), Gavi (the Vaccines Alliance), and the World Health Organization, is a global initiative that works with governments and manufacturers to ensure COVID-19 vaccines are available worldwide to both higher-income and lower-income countries. Sameh Elfangary,…
Morgan Stanley Capital proposes to reclassify Pakistan into MSCI Frontier Markets
KARACHI, Pakistan: In a recent development, Morgan Stanley Capital International (MSCI) has proposed to reclassify Pakistan into MSCI Frontier Markets (MSCIFM) from MSCI Emerging Markets (MSCIEM). “MSCI has been artificially maintaining Pakistan’s stature in Emerging markets since the country has been no longer meeting EM standards for size & liquidity criteria for last 19 months,”…
Pakistan Headline inflation averages at 8.3% YoY during 9MFY21
CPI inflation recorded at 9.05% YoY in Mar’21 For the month of Mar’21, headline inflation as measured by CPI clocked-in at 9.05% YoY, taking the 9MFY21 average inflation to 8.34% YoY compared to 11.55% in 9MFY20. On a yearly basis, the jump in index came mainly due to: i) 11.6% YoY increase in food prices…
Foreign investors not satisfied with the state of IPR in Pakistan
KARACHI, PAKISTAN: Foreign investors have expressed concern that Intellectual Property Rights (IPR) protection does not attract due attention from key stakeholders, including the consumers in Pakistan. Overseas Investors Chamber of Commerce and Industry (OICCI) announced the key findings of its latest Intellectual Property Rights (IPR) Survey. The OICCI IPR Survey 2020 conducted during September-October reflect…
Pakistan aims to have 20 percent of electricity generation capacity as renewable energy
ISLAMABAD: Government has issued Alternate and Renewable Energy (ARE) Policy 2020 setting requisite processes in place so that ARE is fully mainstreamed and integrated within the energy planning as the country intends to have at least 20 percent of its generation capacity as ARE technologies by 2025 and 30 percent by 2030. “In order to…
Dot Republic to launch Pakistan’s first digital fitness network ‘C1 Fitness’
ISLAMABAD: Dot Republic Media, one of the biggest YouTube MCN (Multi-Channel Network) in the region, in collaboration with their talent partner Alchemists, has announced the launch of ‘CreatorsOne Fitness’, a first of its kind fitness platform in Pakistan. As the current situation continues to cause hindrance in the health and fitness regimes for people across…
Pakistan’s overall automobile sales decline 47% as inflation remains high
KARACHI: Pakistan Automotive Manufacturers Association (PAMA) published monthly automobile sales data for January 2020 wherein passenger car (PC) sales plummeted 48%YoY to 10,095 units whereas on a MoM basis, PC volumes remained flat (+1%). Seasonal factors such as buying at the start of new year in order to improve re-sale value provided much needed support…
AFT signs agreements to sell pain relief medicine in Germany, Pakistan and Vietnam
WELLINGTON: AFT Pharmaceuticals has signed licensing agreements for its Maxigesic pain relief medication in Germany, Pakistan and Vietnam, countries with pain relief markets worth more than US$1 billion. In Germany, where AFT has already achieved regulatory approval for Maxigesic tablets, the agreement represents the last significant hurdle to making first sales in an analgesic market…
Japan to launch a special training programme for Pakistan
ISLAMABAD: Japan, which is already undertaking various training programs in the energy sector of Pakistan for emerging energy and LNG markets, will soon a training program specifically designed for Pakistan. Kuninori Matsuda, the Ambassador of Japan to Pakistan along with Ryo Minami, Director General, Agency for Natural Resources and Energy, Japan called on the Special…