May 2023
Read MoreMonthly Energy Update May Magazine
Month: May 2023
Ricoh-Toshiba deal driven by pandemic-era telecommuting and more
When Ricoh and Toshiba announced plans Friday to combine production of printers, copiers and other office machines, they cited declining demand and the rise of remote work. But preventing the outflow of cutting-edge technology to China might have also factored in.
Read MoreLONGi consolidates ranking in latest pv magazine testing
Hi-MO series products have once again been ranked as first class in energy yield performance testing carried out by pv magazine.
Read MorePPIB urges CIHC Pak Power Company to Fulfil Obligations For Gwadar Coal Power Project
In a recent development, the Private Power Infrastructure Board (PPIB) has written a letter to the Chief Executive Officer (CEO) of CIHC Pak Power Company (Pvt.) Ltd, emphasizing the need for the fulfilment of financial obligations related to the 300 MW Imported Coal Power Project at Gwadar Balochistan.
Read MoreBudget Taxes Revival & Growth
Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are identified as growth-oriented reforms. To the extent that they reduce distortions to economic decisions on work, saving, investment and consumption, they should increase output and improve social welfare — Choosing a Broad Base–Low Rate Approach to Taxation, OECD Tax Policy Studies No. 19
Read MoreCabinet Grants Exemption To SSGC-LPG For Spot Cargo Imports To Address Gas Shortages
The federal cabinet, through a circulation of summary, has approved exemption for SSGC-LPG (Pvt.) Limited (SLL) to import LPG spot cargoes, aiming to address the country’s severe gas shortages and maintain stable Liquefied Petroleum Gas (LPG) prices.
Read MoreForeign Investment Promotion MoEA To Prioritise Countries For Holding Various Joint Commissions
Ministry of Economic Affairs has decided to prioritise countries for holding Joint Commissions (JCs), Joint Economic Commissions (JECs) and Joint Ministerial Commissions (JMCs) with respect to investment, well informed sources told Business Recorder.
Read MoreSupply Of Gas, Other Heads Rs50bn Spent on PSM Since Its Shutdown
The federal government has spent about Rs 50 billion on Pakistan Steel Mills (PSM) since it shut down its operations in mid of 2015 on salaries, supply of gas and other heads without any output, well-informed sources told Business Recorder.
Read MoreTariff Relief AEDB Urges Govt to Hold Talks With DFC’s 5 Wind Power Projects
The Alternative Energy Development Board (AEDB) has proposed to the government to start negotiations with five wind power projects of US International Development Finance Corporation (DFC) in order to reach a mutually acceptable agreement and provide relief/reduction in tariffs
Read MoreTariff relief: AEDB urges govt to hold talks with DFC’s 5 wind power projects
The Alternative Energy Development Board (AEDB) has proposed to the government to start negotiations with five wind power projects.
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