ISLAMABAD: Further investigation is under way to uncover additional information and the potential involvement of other entities in the solar panel sector following the detection of overinvoicing of Rs69.5 billion in imports of solar from 2017 to 2022. An official in the Finance Ministry, when asked, said that as per the Federal Board of Revenue (FBR), further investigation is currently…
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ISLAMABAD: The Power Division has decided to transfer operational staff of power Distribution Companies (Discos) from one circle to other another circle to break their collusion with electricity thieves, official sources told Business Recorder. “Transfer of operational staff of Discos, SDOs, line superintendents and meter readers is on the cards and no political influence will be accepted in this regard,” the…
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Hopewind, the world’s leading renewable energy equipment producer, has plans to build technical support teams in Pakistan comprising local technicians for efficient service to its customers using clean energy options for energizing their homes and offices. “We have also plans to conduct local R&D activities to promote and support the Pakistani renewable sector for maximum utilization of solar and wind…
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LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) teams have disconnected 7,187 connections — 7,144 domestic and 43 commercial — in several operations from September 8 to date in Punjab and Khyber Pakhtunkhwa due to gas pilferage and other complaints. The company imposing heavy fines totalling Rs55.2 million, according to an SNGPL spokesperson. “Over the past 17 days, we have disconnected…
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ISLAMABAD: While it remains too early to assert definitively, several indicators suggest that Pakistan’s economy may have weathered the worst of its recent challenges. There were serious concerns that due to the IMF’s push for easing import controls and letting the exchange rate float, the rupee may see further free fall. However, after hitting a record low of Rs335 on…
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ISLAMABAD: The Executive Committee of Special Investment Facilitation Council (SIFC) has directed that a financial plan be prepared to introduce industrial tariffs based on cost of service to tackle the issue of cross subsidy for domestic users, which is eroding competitiveness, sources close to caretaker Finance Minister told Business Recorder. Secretary Commerce, Secretary Finance and Secretary Power have been directed to…
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HYDERABAD: President of Hyderabad Chamber of Small Traders & Small Industry Muhammad Farooq Shaikhani has said that the main reason for the electricity crisis in Pakistan is the contracts made with Independent Power Producers (IPPs) along with electricity stealing and the consequences are always borne by the traders and the people in the form of non-availability of electricity and expensive…
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LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has assailed the NEPRA to approve another electricity rate hike of up to Rs3.5 per unit under quarterly adjustments, leading to an additional burden of Rs136 billion on power consumers, as energy affordability for industry is critical to boost economic growth in the country. FPCCI former president…
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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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[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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