Market offers 7 to 15-kilowatt systems for as low as Rs 200,000 The decline in solar panel prices can be attributed to the increasing production by Chinese companies, which has flooded the global market. This oversupply has made it challenging for US and European manufacturers to compete, resulting in a significant drop in prices.According to the International Energy Agency, global…
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Karachi: In March, workers’ remittances to Pakistan soared to a two-year high of $2.95 billion, contributing to a total of $21 billion in the first nine months of fiscal year 2024. This surge in remittances is attributed to overseas Pakistanis sending higher funds during Ramadan and ahead of the Eid festival. According to the State Bank of Pakistan (SBP), remittances…
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Islamabad: The Engineering Development Board (EDB) has granted 34 licences to manufacturers of two- and three-wheelers under Pakistan’s Electric Vehicles Policy for 2020-2025, signaling a significant step towards transitioning from traditional fuel-powered vehicles to electric ones. During a webinar at the Sustainable Development Policy Institute (SDPI) titled “Pakistan’s Electric Vehicle Market: Challenges, Opportunities, and the 2030 Agenda”, Asim Ayaz, a…
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Islamabad: Consumers are set to face an additional charge of Rs4.92 per unit in the upcoming month for electricity consumed in February, as approved by the National Electric Power Regulatory Authority (Nepra). This hike, categorized as additional fuel cost adjustment (FCA), will impact consumers across all ex-Wapda distribution companies (Discos), resulting in a net financial impact of approximately Rs45 billion.…
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Karachi Port Trust (KPT) and AD Ports Group recently inked a 50-year concession deal for a container terminal at East Wharf, Karachi Port, following a similar agreement for a bulk and general cargo terminal. This collaboration, signed in June 2023, underscores a shared commitment to bolster Karachi’s status as a pivotal maritime hub. During an iftar dinner hosted by Karachi…
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