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StarCharge Energy Pakistan, a Chinese EV charging firm, and Bahum Global Pakistan have signed an MoU to jointly develop electric vehicle charging infrastructure across the country. Financial terms and deployment timelines were not disclosed, but the deal highlights growing foreign interest in Pakistan's nascent EV market.
WAPDA reports that Tarbela Dam has generated 586 billion units of electricity and delivered $460 billion in economic benefits to Pakistan in the 50 years since 1974. The dam's fifth extension, backed by $690 million from the World Bank and AIIB, is under active construction and will raise total installed capacity from 4,888MW to 6,418MW.
Pakistan has signed its first bilateral carbon trading agreement with Norway under Article 6.2 of the Paris Agreement. The deal opens Pakistani clean-energy, transport, agriculture, and waste projects to Norwegian carbon-credit financing from the country's USD 1.5bn Global Emission Reduction Initiative.