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Day: March 14, 2024

FRENCH DEPUTY HEAD OF MISSION EXPRESSES INTEREST IN ENERGY SECTOR INVESTMENT IN PAKISTAN

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ENERGY-SECTOR

In a recent meeting, the French Deputy Head of Mission (Guillaume Dabouis) called on the newly appointed Minister of Energy, Dr. Musadiq Masood Malik, to discuss potential avenues of collaboration in Pakistan’s energy sector. During the meeting, French officials expressed France’s keen interest in investing in various aspects of Pakistan’s energy landscape, ranging from LNG cargo provision to energy resource…

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GoodWe Officially Announces Inauguration of First Overseas Manufacturing Base, a Globalization Milestone

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New-Goodwe2

GoodWe, a leading player in the solar energy industry, has announced the official commencement of operations at its first overseas manufacturing plant in Haiphong, Vietnam. Representing a significant milestone in the company’s global expansion strategy, this new facility also marks the third in GoodWe’s manufacturing network, reinforcing its dedication to efficiently delivering tailored, high-quality products to its customers worldwide. The…

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Power Division Asserts Full Compliance with IMF Agreements

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Power-generation

The Power Division has affirmed its complete adherence to all agreements made with the International Monetary Fund (IMF), stating that it has submitted reports detailing actions taken up to January 2024. An official clarified that the IMF Mission will review these reports and pose queries based on their analysis, which will be addressed during discussions. Moving forward, input from ministries…

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Rising Energy Costs Compound Economic Burden on Consumers

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power-sector

The cost of living has surged notably, driven by increasing utility bills and transportation expenses, exacerbating economic challenges for consumers. A mixed trend in food prices during the last Ramazan has contributed to this heightened financial strain. Data from the Sensitive Price Index (SPI) reveals significant changes in food prices. For instance, the average national price of a 20kg flour…

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Government Likely to Maintain Stable Petroleum Prices for Next Fortnight

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Petroleum-prices

According to informed sources, petroleum prices are expected to remain steady for the upcoming two weeks starting March 16. Despite a slight increase in the premium on petrol import to $12.15 per barrel, and unchanged premium on high-speed diesel (HSD) import at $6.50 per barrel, the government has room to manage prices. While petrol prices may see a marginal increase…

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Naeem Qureshi appointed as Convener of FPCCI Central Standing Committee on SDGs

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EU-NQ.

Karachi: Naeem Qureshi, the President of the National Forum for Environment and Health, has been appointed as the new Convener of the CSR Central Standing Committee of the Federation of Pakistan Chambers of Commerce & Industry on Sustainable Development Goals (SDGs) for the year 2024-25.FPCCI President, Atif Ikram Sheikh, appointed Qureshi as the Central Standing Committee convener keeping in view…

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Sindh’s solar power potential to be tapped to fulfil Bilawal poll campaign promise of 300 units of free electricity

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solar-power

Newly appointed Sindh Energy Minister, Syed Nasir Hussain Shah, has said the execution of the ongoing solar power projects will be expedited for fully tapping the clean energy potential of Sindh to fulfil the election campaign promise of PPP Chairman Bilawal Bhutto Zardari to provide 300 units of free electricity to underprivileged consumers.Shah stated this while chairing an introductory meeting…

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