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Articles for tag: biodiesel demand, biodiesel production, call, future shortages, global market, Local, Oil, Opportunities of Pakistan, palm, production, renewable energy sources, Speakers

January 12, 2025

News Desk

Speakers call for local palm oil production

Listen to the article KARACHI: Speakers urged the government to cultivate palm oil to produce palm oil locally, meet domestic demand and reduce over 90% dependence on Indonesia and Malaysia. They stressed the need for immediate action as both Indonesia and Malaysia consume more and more palm oil for biodiesel, raising concerns of an acute shortage in the coming years. They expressed these views during the two-day event titled ‘7th Pakistan Edible Oil Conference (PEOC) 2025’, held at a local hotel on Saturday. Speakers pointed out that Indonesia stopped exporting palm oil globally a few years ago, causing a severe

August 27, 2024

News Desk

Urgent maritime reforms are called for

KARACHI: Veteran industrialists called on the government to prioritize the development of Pakistan’s blue economy by implementing effective measures to control and reduce port charges and establishing a comprehensive policy framework that emphasizes capacity building and good governance at the country’s two major ports . As the shipping sector has enormous potential, these steps are considered critical to promote sustainable development. Industrialists pointed out that excessively high port charges, along with other factors, are stifling the growth of the blue economy. Addressing these challenges, they stressed, requires a coordinated approach involving both the public and private sectors. This includes developing

August 27, 2024

News Desk

Hubco unveils plans to mine minerals

KARACHI: Hub Power Company (Hubco) has announced that it will further diversify its business portfolio by entering the mining sector to boost its earnings as its core business of generating electricity from expensive oil continued to weigh on its economic value. government amid the energy pricing crisis in the country. Along with the diversification announcement, the company on Monday reported a net consolidated profit of Rs 75.29 billion for the year ended June 30, 2024, up 21.5% from Rs 62 billion in the previous year, on the back of notable profits from affiliated companies. It translated to earnings per share

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