AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)

KARACHI: A Carbon Exchange to deposit the carbon credits the industries earn is a dire need for Pakistan, said Ismail Suttar, President of Lasbela Chamber of Commerce and Industry while addressing a workshop jointly organize by Lasbela Chamber and WWF Pakistan on “Towards Zero Emissions: Sustainable Industry and Climate Action”.

He said that Pakistan ranks among the countries that have the lowest emissions as compared to the developed countries including the USA, USSR, China, and European countries because of comparatively lower industrial activity in the country. Pakistan could benefit from this scenario and earn handsome money through these credits.

Presiding over the workshop, Ismail said that if the chambers representing the industrial sectors in the country join hands for the establishment of the Carbon Exchange, the proposal would lead to a source of support for the economy and improve the image of Pakistan as an environment-friendly country.

He also suggested that for launching training programs leading to the implementation of the global standards and conventions. We should first consider the ground realities of our country, check our resources, and discuss with the sponsoring agencies in the context of our needs and requirements, he said. “It would make such programs useful for the country and would add value to the environment, climate, and economic challenges faced by us.”

Ismail Suttar explained the great potential of the province of Balochistan in the field of minerals. So far this wealth of Pakistan is mostly untapped. The minerals explored and mined far are mostly exported as raw material, while Pakistan could increase its earnings on exports multiple times if the minerals are converted to value-added finished products and chemicals. This would also generate thousands of employment opportunities for the people of the province, he said.

Imran Saeed, Deputy Director of the Environment Protection Agency, Lasbela appreciated the initiative of the Lasbela Chamber and WWF to hold this useful workshop.

Copyright Business Recorder, 2023

Comments

Comments are closed.