Recommendations: (a). The Accounting system needs to be simplified based on the Income statement format, instead of making deductions at both Net and Gross income stages, which will cause reconciliation problems due to the pendency of settlement of accounts. (b) Reduce bureaucratic delays by simplifying and streamlining the regulatory processes by clearly defining the roles […]
Monetising
Monetising the Carbon Footprints (Part II)
Apart from the fee structure, there is also a lengthy process for getting approval for a carbon project from the government. It will start with the issuance of a supporting letter from the provincial government, where the project is located, and a request for a Letter of Intent (LoI) from the National Designated Authority, i.e., […]
Monetising the Carbon Footprints (Part I)
Carbon Trading has evolved as a new concept in Pakistan for which no policy mechanism was available to reap its financial benefits before the formal approval of Pakistan’s debut carbon policy, termed as “Policy Guidelines for Trading in Carbon Markets 2024”. The Policy is a milestone for Pakistan, which enables it to step into the […]