Innovative approaches to sustainable construction technologies.

on 09/10/2024

ACEP, in collaboration with PEC, organized a seminar on innovative approaches to sustainable construction technologies. The speakers, Mr. Amir ul Islam and Mr. Enes Keskin, shared valuable insights on mechanical rebar couplers and their applications in various residential, commercial, and infrastructure projects, emphasizing steel savings and innovative solutions. The importance of adapting to evolving technologies is crucial for our progress in Pakistan, a theme that was reiterated by ACEP executives.

PAK-INDUSTRIA: A Call to Promote Domestic Industries

on 09/10/2024

The three-day “PAK-INDUSTRIA” exhibition served as an exceptional platform for both domestic and international suppliers to showcase their high-quality products. Jam Ikramullah commended the participation of local industrialists, extending his well-wishes for their continued success. He emphasized that his office doors would always remain open for them, ensuring full cooperation. Ikramullah encouraged local entrepreneurs to step up, stating that the time has come to actively promote domestic industries. He also praised the organizers for hosting such a successful event.
Notable attendees included Asif Sam Sam, Chairman of ABAD; Muneem Zafar, Ameer of Jamaat-e-Islami Karachi; and Kamran Arabi, President of the SITE Association, all of whom took time to visit the exhibition.
A significant panel discussion titled “Exploring New Opportunities in Engineering through Emerging Technologies in Artificial Intelligence” was also part of the conference. Moderated by Engr. Zohaib Ilyas and Ms. Hoorain Ghori, the panel featured esteemed experts: Dr. Bilal Khan from NUST, Dr. Farrukh Arif from NED University, Aamir Qureshi, former CEO of CBRE, and Mustafa Abdullah from Moro Power Company.
The closing ceremony featured Engr. Khalid Pervez as the guest of honor, wrapping up a fruitful event that fostered collaboration and innovation within the industry.

Kohinoor Power Calls Off Merger with Saritow Spinning Mills

on 09/10/2024

Kohinoor Power Company Limited (KOHP) announced this month that it is no longer pursuing a merger with Saritow Spinning Mills Limited (SSML), citing challenging economic and operational conditions. The company communicated this decision in a notice to the Pakistan Stock Exchange (PSX), signaling a significant shift in its strategic plans.
According to the notice, the Boards of Directors (BoD) of Kohinoor Power and Saritow Spinning Mills convened on September 30, 2024, where they mutually agreed to retract the previously granted approval for the proposed amalgamation of KOHP into SSML. “This decision was not made lightly,” the notice stated. “Both boards are committed to acting in the best interests of their stakeholders and have conducted a thorough review of the current economic landscape.”
In October 2018, the KOHP board had given in-principal approval for the merger, which was expected to create synergies and enhance operational efficiencies between the two companies. However, recent developments have forced a reevaluation of this strategy.
The notice further explained, “This decision follows a thorough assessment of the current economic conditions and the financial status of SSML, which has ceased production as of February 2024. Given these circumstances, it has been concluded that the anticipated benefits of the merger are no longer achievable.”
This development underscores the volatility of the textile sector in Pakistan, which has been grappling with numerous challenges, including fluctuating demand, rising costs, and a global shift in manufacturing trends. Stakeholders will be keenly watching how Kohinoor Power navigates this complex landscape moving forward, as the company seeks to reassess its strategic objectives in light of this decision.
With the merger off the table, KOHP will likely focus on strengthening its core operations and exploring alternative partnerships that align more closely with its current business goals. The decision reflects a cautious yet pragmatic approach as the company aims to safeguard its interests in a rapidly changing economic environment. – ER Report

Navigating Thar Coal Dilemma: A Complex Energy Future for Pakistan

on 09/10/2024

In the heart of Pakistan’s energy discourse lies the Thar coal gasification debate, a contentious issue that juxtaposes the nation’s pressing energy needs against its environmental commitments. A recent study has surfaced, shedding light on the complexities surrounding coal gasification—a process argued to have a lesser environmental footprint compared to the direct burning of coal for power generation. However, the steep costs and intricate technology associated with coal gasification present formidable challenges for Pakistan, raising questions about its feasibility and sustainability.
At the launch of this pivotal study, former Minister for Climate Change Malik Amin Aslam articulated the gravity of Pakistan’s situation. “We are caught in a serious dilemma,” he explained. “On one hand, we require affordable energy, which can be harnessed from our indigenous resources like Thar coal. On the other, we face international obligations that discourage us from expanding our reliance on fossil fuels, given their significant contributions to climate change.”
To extricate the nation from this paradox, Aslam emphasized the urgent need for innovative technological solutions. “We must pursue methods that allow us to generate cheap energy while minimizing our carbon footprint,” he stated. He underscored the necessity of complementary nature-based solutions to offset the carbon emissions generated during power production. However, he was candid about the financial barriers that obstruct such advancements. “Both the technological and nature-based solutions demand substantial investment that Pakistan currently lacks. It is imperative that developed nations and international financial institutions recognize this reality. Without their support, we may have no choice but to exploit available resources, regardless of the environmental consequences,” he cautioned.
The study, conducted by the Policy Research Institute for Equitable Development (PRIED) in collaboration with the National University of Science and Technology (NUST), provides a comprehensive analysis of coal gasification’s potential and pitfalls. It highlights that while coal gasification offers a relatively cleaner alternative to coal burning, the associated costs and operational complexities may prove insurmountable for a developing country like Pakistan.
Environmental activist Ali Tauqeer Sheikh also weighed in during the event, stressing the importance of aligning energy policies with Pakistan’s commitments under the Paris Agreement. “Our energy decisions must not only fulfill our international responsibilities but also address the concerns of communities that bear the brunt of these projects,” he urged. Sheikh emphasized that a more equitable approach is needed to ensure that energy development does not come at the expense of vulnerable populations.
Haneea Isaad, an energy finance expert, echoed these sentiments, pointing out that several coal gasification initiatives have floundered in countries like the United States, India, and Indonesia, even when substantial subsidies were provided. “The government must conduct a thorough examination of viable alternatives before moving forward with coal gasification projects in Pakistan,” she advised.
Researcher Manzoor Ahmed Alizai, also affiliated with PRIED, reiterated the trend of project failures, warning that the past should inform future decisions. “The global landscape has seen multiple coal gasification projects either fail or be abandoned. We must learn from these experiences to avoid repeating the same mistakes,” he remarked.
Dr. Majid Ali, a faculty member at NUST and the study’s lead author, presented a critical comparison of energy sources. He argued that while coal gasification presents certain advantages over direct coal burning, it still cannot compete with renewable energy sources like solar power, especially when considering price and environmental impacts. “In the long run, solar energy and other renewables stand as the more sustainable and economically viable options,” he concluded.
As Pakistan grapples with its energy crisis, the discourse around Thar coal gasification serves as a microcosm of the broader challenges facing developing nations. Striking a balance between meeting immediate energy needs and adhering to global climate commitments remains an uphill battle. The way forward necessitates not only innovative solutions but also robust international cooperation and financial support to ensure that Pakistan can forge a sustainable energy future that benefits both its citizens and the planet. – ISLAMABAD: ER Report

“Government Launches Comprehensive Housing Strategy for Affordable Homes”

on 08/10/2024

The government of Pakistan is set to introduce a comprehensive national housing policy aimed at tackling the pressing housing crisis in the country. This initiative focuses on providing affordable housing solutions for low- and middle-income families. The new policy will streamline regulatory processes, offer financial incentives, and foster public-private partnerships to stimulate the housing sector.

Key objectives of the policy include enhancing accessibility to housing, improving urban planning, and increasing transparency in the real estate market. Additionally, it aims to address challenges related to land acquisition to facilitate smoother housing development.

The government’s approach is expected to generate significant employment opportunities in the construction industry while contributing to overall economic growth.