Moody’s Investors Service (Moody’s) has assigned a foreign currency senior unsecured program rating of (P)B3 to the government of Pakistan’s global medium-term note program, as well as B3 ratings to the senior unsecured, US dollar-denominated notes issued under the program with maturities of ...

The Asian Development Bank (ADB) has approved a loan of $300 million to finance the construction of a 300 MW hydropower plant that will increase Pakistan’s share of clean energy and improve its energy security. The plant that will be built on the Kunhar River near Balakot in Khyber Pakhtunkhwa ...

On May 21, 1951, the People’s Republic of China and the Islamic Republic of Pakistan entered into formal diplomatic relations. In the seven decades ever since, the two countries have stood together, rain or shine, and built an exceptional, ironclad friendship. This friendship has become a ...

ISLAMABAD – Pakistan on Sunday expressed deep sorrow over the loss of lives caused by the flash floods following a glacier burst in Uttarakhand, India. A statement issued by a Foreign Office spokesperson stated “Saddened over loss of precious lives due to flash floods caused by glacier ...

Some 150 people went missing after part of a Himalayan glacier broke in northern India, leading to a massive flood, officials said on Sunday. A portion of Nanda Devi glacier, India’s second-highest mountain, broke off in Tapovan area of the Uttarakhand state, damaging the Rishiganga hydro power ...

ISLAMABAD - Pakistan has successfully cut 50 percent greenhouse gases (GHGs) emissions against the 35 percent target pledged under the UNFCCC to be achieved till 2030 within its available limited resources despite being a less contributor to global GHG emissions. A recent German Watch Report of ...

Owing to the environment-friendly policies of the incumbent federal government, Pakistan has dropped to 8thplace from 5th on the Long-Term Global Climate Risk Index (GCRI) 2021. A recently published report by Germanwatch link “Global Climate Risk Index 2021 link” has predicted Pakistan to be ...

ISLAMABAD - Japan committed to provide Rs 3.078 billion grant assistance for installation of Weather Surveillance Radar system in Sukkur to expend the Jurisdiction meteorological services. Federal Minister for Economic Affairs, Makhdum Khusro Bakhtyar witnessed the signing ceremony of Japanese ...

*Pakistan has been ranked as the fifth-most vulnerable country to climate change, according to the Global Climate Risk Index.* The Global Climate Risk Index, published by *Germanwatch*, elaborated that Pakistan lost 9,989 lives, suffered economic losses worth $3.8 billion and witnessed 152 ...

ISLAMABAD: The World Bank approved on Wednesday a $300 million grant for two projects in Pakistan, including the Sindh Resilience Project and Solid Waste Emergency and Efficiency Project. The bank’s Board of Executive Directors approved the $200 million Sindh Resilience Project Additional ...