Multi Award Winner Solis Cements its Position as 3rd Largest Global Inverter Manufacturer

Inverter-Manufacturer

independent industry tracker ranks Solis as world number 3, by shipped MW, for second year running 6th July, 2023, Ningbo, China: Ginlong(Solis) Technologies (the company), one of the most experienced inverter producers in the world, has been ranked the world’s 3rd largest inverter manufacturer for the second consecutive year. This latest success builds on a string of awards and accolades…

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Base tariff hike in FY24: Govt to collect over Rs3.2tr extra from power consumers

KE’S- 7-YEAR- INVESTMENT-ROADMAP

ISLAMABAD: The government is set to collect an additional staggering amount of over Rs3.2 trillion from power consumers, beginning July 2023, as it intends to raise the power base-tariff by approximately Rs7 per unit for the Financial Year 2023-24, according to official sources of the Power Division. Interestingly, the International Monetary Fund (IMF) Executive Board is scheduled to convene on…

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Pakistan needs refinery upgrade to benefit from Russian oil discount

Russian-crude

KARACHI: Pakistan is losing out on the opportunity to pass on the benefits of discounted crude oil from Russia due to the old processing technology of its current refineries, industry officials said. The country has five refineries, out of which one was established before partition and two were set up sixty years back. The other two that rely on old…

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Money laundering unveiled in solar panel imports

solar-panel

PCA South uncovered over invoicing worth Rs69.50b at the import level KARACHI: Startling revelations have emerged regarding the commercial activities of solar panel importers, exposing a staggering case of over invoicing and money laundering. The Directorate of Post Clearance Audit Customs South has published a report shedding light on this illicit practice. According to the report, the audit conducted by…

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