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Day: September 23, 2023

LONGi’s founder and president Li Zhenguo calls for promoting the implementation of the UN 2030 Agenda for Sustainable Development

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Sustainable-Development

NEW YORK, September 17, 2023 —LONGi‘s founder and president Li Zhenguo attended the Innovation for Industrial Sustainability event together with business leaders, academic experts and United Nations officials in New York, held on the sidelines of the 2023 UN Sustainable Development Goals (SDG) Summit. The event, jointly hosted by the United Nations Department of Economic and Social Affairs (DESA), Tsinghua…

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LONGi joins UN Global Compact Forward Faster initiative to accelerate private sector action to reach SDGs

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LONGi-Green

[NEW YORK, September 18, 2023] – The world leading solar technology company LONGi Green Energy Technology Co., Ltd. (LONGi) joined a new initiative today at the Private Sector Forum during the SDG Summit 2023 to accelerate private sector action at the pace and scale needed to deliver on the 17 Sustainable Development Goals (SDGs) and meet the 2030 Agenda. The…

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Elites struggle to capture resources

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ISLAMABAD: Pakistan’s elites are engaged in a battle for the capture of resources and power as part of a clientelist patronage state, said British economist Stefan Dercon, on Friday. He emphasised that their motivation does not prioritise economic growth and development in the country. Dercon argued that there is an underlying elite bargain for the status quo among powerful elite…

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SIFC sparks Iranian interest

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SIFC-sparks

LAHORE: The Ambassador of Iran, Dr Reza Amiri Moghaddam, on Friday, expressed optimism about two transformative initiatives being undertaken by Pakistan’s government, highlighting their potential for robust economic growth. These initiatives, namely the Special Investment Facilitation Council (SIFC) and the Barter Trade Mechanism (BTM), are beginning to yield promising results. Speaking at the Lahore Chamber of Commerce & Industry (LCCI),…

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Plants accused of overcharging for low-quality coal

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coal

ISLAMABAD: Shocking revelations emerged during a public hearing on coal pricing mechanisms, indicating that coal power plants in Pakistan are manipulating coal prices by importing lower-quality coal for their operations. In a significant disclosure, it was revealed that the Sahiwal coal power plant had procured coal at a time when coal prices were high and maintained an inventory that was…

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Pakistan’s economy on edge of precipice, warns World Bank

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ISLAMABAD: Pakistan is in its tipping point crisis where it should decide to remain a laggard with 40 per cent population living below the poverty line under elite capture and policy decisions driven by strong vested interests of military, political and business leaders or change course to take off for a brighter future. This candid warning came from the World…

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Nepra allows Rs3.28 tariff hike for six months

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Nepra-tariff

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Friday allowed the federal government to increase electricity rates by Rs3.28 per unit for all consumers across the country for six months — October 2023 to March 2024 — with additional revenue impact going beyond Rs200bn. The increase has been allowed under quarterly tariff adjustment (QTA) mechanism to finance the additional…

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