Alpine Marine is subscriber to ISO 14001 committing to minimizing environmental impact and conservation of nature. This is explicitly mentioned in our Environment Policy. Taking this policy forward, Alpine Marine joined hands with Port Qasim management for tree plantation there. Tree plantation ceremony was held on Aug 11, 2023. Rear Admiral Shahid Ahmed-DG (Operations), Deputy Conservator & Harbour Master and other officials planted trees along-with Capt. Nazar Haider and Capt. Rizwan Kazmi from Alpine Marine. Planting trees and restoring forests can help protect and restore biodiversity. Healthy ecosystems support a wide range of species and support local wildlife. Trees and forests act as "carbon sinks," absorbing noxious gases from the environment rendering clean air. Trees also contribute to climate resilience by reducing the impact of extreme weather events. Alpine Marine’s management would continue to support activities as per it’s policy relating to environment protection.

The Oil & Gas Development Company Limited (OGDCL) on Sept 12, announced the successful testing, completion, and commencement of production at the Nashpa-11 well in district Karak, KP Province. The well was drilled to a depth of 4,485 meters, targeting the hydrocarbon potential within the Lumshiwal, Hangu, and Lockhart formations. Presently, these formations are yielding 830 barrels per day (BPD) of oil and 1.0 million standard cubic feet per day (MMSCFD) of gas through a 32/64” choke at a wellhead flowing pressure (WHFP) of 520 PSI. As of September 11, 2023, the well has been connected to the OGDCL Nashpa plant through a 1.8 km flow line, and gas is being injected into the SNGPL network. It is worth noting that the first discovery at the Nashpa structure was made in September 2009. Currently, out of 12 drilled wells, 10 are in production, collectively producing 11,300 BPD of oil, 91 MMSCFD of gas, and 395 MTD of LPG. The Nashpa-11 well marks a significant addition to the hydrocarbon reserves base of OGDCL, PPL, GHPL, and the country, promising notable savings through import substitution. The enhancement in oil and gas production aims to address the increasing demands of both domestic consumers and industry.

The 55 percent drop in auto OEM’s volumes during the financial year 2023 and the current sluggish demand amid rapid inflation and higher taxes have shrunk the production of auto parts manufacturers to less than 30 percent. All big OEMs were forced to shut their plants due to low demand. Besides, that imported used cars captured 25 percent market share in July this year, which in turn severely impacted the auto parts manufacturing sector. This clearly shows that used car imports have become the second biggest seller in the local auto industry, equally crippling both the auto industry and auto parts manufacturers. Moreover, despite heavy localisation, the sluggish demand due to the low purchasing power of customers amid record high interest rates has been nullifying the growth patterns of local auto parts manufacturers.

The federal government has delivered long-awaited approval for a critical infrastructure project, that entails the construction of a 105-kilometer railway line, linking Thar to Bin Qasim, with the aim to seamlessly connect the coal mines in Sindh to the national and global energy markets. The strategic railway track will serve as a lifeline for Thar's abundant coal reserves, ensuring their efficient transportation to power projects across the country. The primary objectives are to augment the contribution of cost-effective coal-based energy in Pakistan's energy mix and to alleviate the financial burden on end-consumers by lowering overall power bills. Furthermore, this railway network will facilitate the supply of Thar coal to fertilizer and cement manufacturers, offering the potential for coal-to-gas conversion. Currently, coal transportation relies heavily on trucks, which proves to be an expensive and time-consuming method, unsuitable for large-scale bulk supply increases. This ambitious project is slated for completion by December 2024 and is estimated to cost Rs58 billion, with equal financial participation from both the federal and Sindh governments. The overarching vision behind this endeavor is to transition 4-5 thermal power projects currently reliant on imported coal to Thar coal, thereby reducing the nation's import bills. Pakistan currently spends approximately $2 billion annually on coal imports. Thar coal ranks among the top two most economical energy sources in Pakistan's diverse energy landscape, with power projects using Thar coal consistently offering some of the most cost-effective energy solutions among the country's 74 power projects.

Seed Cotton (Phutti) equivalent to over three million (30,41,104) bales have reached ginning factories across Pakistan till Aug 31, 2023. According to a fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued to media, Punjab ginning factories recorded a cotton arrival figure of 10,68796 bales while arrivals to ginneries in Sindh recorded at (19,72,308) bales including 11,84,243 reaching ginneries in Sanghar district alone. Arrivals in Baluchistan were recorded at 70,600 bales. Out of the total arrivals, seed cotton converted into bales was recorded at 2.8 million (28,61,106) bales. Exporters have bought 168,726 bales of cotton in total while textile mills bought total of over 2.6 million (26,15,271) bales. The Trading Corporation of Pakistan (TCP) has not yet started procuring cotton, according to the report. As many as 2,57,107 unsold cotton bales stock were present. A total 528 ginning factories were operational in the country.