Connect with us

Hi, what are you looking for?

Economy

US Ambassador Blome inaugurates Cleantech Investment Roadshow in Karachi

KARACHI: Today the U.S. Ambassador to Pakistan Donald Blome inaugurated the second Investment Roadshow, supported by the U.S. Agency for International Development (USAID).

Fourteen innovative companies in the clean technology sector showcased their work at the roadshow, promoting private sector investment in sustainable and viable clean energy solutions.

Organized by the USAID-funded Pakistan Private Sector Energy (PPSE) Project, the event sought to catalyze investment in commercially viable clean energy projects and help businesses access critical financing.

Since its inception, PPSE has mobilized over $30 million for projects focused on clean energy, e-mobility, and energy efficiency.

“Expanding clean energy requires a supportive environment, which is why the United States continues to work with Pakistan on developing a stronger investment climate,” said Ambassador Donald Blome, adding that “investing in clean energy and low-carbon technologies is crucial for Pakistan to achieve its renewable energy goals.”

Sindh Secretary for Environment, Climate Change, and Coastal Affairs Dr. Nabeela Umer, echoed Ambassador Blome’s remarks, emphasizing the importance of U.S. support for Pakistan’s energy transition.

“We wholeheartedly welcome the efforts by the United States to support our energy sector transition,” she said, noting “this roadshow is a vital platform for showcasing the critical need for increased investment in scaling up clean energy companies. We are grateful to the organizers for uniting the government, private sector, and financiers to highlight the innovative work the innovative work companies in Pakistan are doing to reduce emissions.”

The fourteen participating companies presented prototype models and pitched their innovative solutions to a diverse group of investors and financiers.

Avatar photo
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

Breaking News

Advance Salaries The Punjab government has announced that public sector employees will receive their salaries in advance ahead of Eid ul-Adha 2024. This decision,...

Sports

Indian actor and model Sonam Bajwa, celebrated for her open appreciation of Pakistani talent, once again grabbed headlines for her admiration of cross-border celebrities....

National

Pakistani trailblazers Ammara Sharif and Dr. Sana Jamil are poised to make history as the first female duo from Pakistan to conquer the daunting...

Budget

ISLAMABAD: Pakistan has decided to restrict foreign travel for non-filers, with exceptions for those traveling for Hajj, Umrah, or educational purposes, as the country...