• Annual change in SPI crosses 40pc for first time since early June• Gas charges rocket 1,100pc year on year ISLAMABAD: A massive increase in gas prices drove the annual short-term inflation to above 40 per cent for the first time in over four months, official data showed on Friday. The inflation reading stood at 41.9pc for the week ending…
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A four-wheel EV manufacturer yet to approach govt for license under EV policy In Pakistan, 32 companies have so far received manufacturing licenses under the Electric Vehicles (EVs) Policy 2020–2025 and all of them are two and three wheeler manufacturers, a govt official told Business Recorder on Friday. No four wheel manufacturer has approached the government till date for the license under…
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Ginlong (Solis), a renowned manufacturer of photovoltaic (PV) inverters and the world’s third-largest player in the solar energy sector, recently made a significant impact on Uzbekistan’s energy transition strategy. The company showcased its innovative solutions at the XVII International Exhibition UzEnergyExpo and the XII International Exhibition UzStroyExpo, both of which are well-attended by experts from the energy and construction industries.…
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ISLAMABAD-Chief Executive Indus Motor Company Ali Asghar Jamali has said that IMC has been using the largest solar plant by any automobile company in the country with 4.5MWs energy generation as they are committed to increase green energy’s share in their overall energy consumption.He was speaking at the “Champions of Change: A Dialogue with the Private Sector” conference held here…
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Islamabad-Pakistan Refinery Limited (PRL) has become the first one to sign agreement with Oil and Gas Regulatory Authority (OGRA) and under Brownfield Refinery Policy, while other have refused to go ahead with a plan owing to differences over draft of agreement.In a landmark development aligning with Pakistan’s refining policy, the Oil and Gas Regulatory Authority (OGRA) and Pakistan Refinery Limited…
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Built in a single phase, it generates enough electricity to power almost 200,000 homes, displacing 2.4 million tonnes of carbon emissions every year Published: Thu 16 Nov 2023, 10:33 PM Last updated: Thu 16 Nov 2023, 10:34 PM The world’s largest single-site solar power plant has been inaugurated in Abu Dhabi ahead of the UAE hosting COP28. Located 35km from the city,…
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Caretaker Finance Minister Dr Shamshad Akhtar has said that the government is taking restructuring measures in the Federal Board of Revenue (FBR) to ‘remove the apparent conflict of interest in tax collection’ as well to enhance the taxmen’s performance. “We have developed an action plan for restructuring Pakistan’s tax administration,” Akhtar said while speaking virtually at The Future Summit organised…
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Karachi, November 16, 2023: THE FUTURE SUMMIT (TFS) 7th Edition concluded on its second day, with yet another impressive lineup punctuated with thought-provoking conversations and engaging dialogues.Under the theme THE BIG PICTURE, the 7th Edition of TFS was jointly hosted by Nutshell Group and HBL, powered by Unity Foods Limited, in strategic partnership with the Overseas Investors Chamber of Commerce…
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Islamabad, [16 Nov] – In a landmark development aligning with Pakistan’s refining policy, the Oil and Gas Regulatory Authority (OGRA) and Pakistan Refinery Limited (PRL) have officially inked a pivotal upgrade agreement today. Following extensive deliberations, consultations, and a series of meetings with key stakeholders, the agreement marks a significant milestone for the energy sector. “After a marathon of meetings,…
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Karachi – The Sindh government will fully support the development of new clean energy projects to harness the vast solar and wind power generation potential of the province under the mode of public-private partnership (PPP).Sindh government’s Energy Secretary, Rehan Iqbal Baloch, stated this while speaking as the chief guest at a seminar on “Role of public-private partnerships in promoting renewable…
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