You are here

Month: April 2024

UAE Consul General Announces Multi-Sector Investments in Pakistan

Admin
Consul-General

In a recent ceremony at Karachi Port, UAE Consul General Bakhit Atiq al-Rumithi pledged substantial investments in various sectors across Pakistan. Highlighting the UAE’s commitment to Pakistan’s development, Al-Rumithi emphasized plans for investments beyond ports, including railways, infrastructure, and other key areas. The ceremony marked the payment of $50 million to Karachi Port by Karachi Gateway Terminal (KGTL) under their…

Read More

Wind Overtakes Fossil Fuels as the UK’s Largest Power Generation Source

Admin
wind-energy

The UK saw two consecutive quarters of wind power overtaking fossil fuels as the single-largest source of electricity generation for the first time, per data from think tank Ember quoted by Reuters columnist Gavin Maguire. In the first quarter of 2024, wind-generated a total of 25.3 terawatt hours (TWh) of Britain’s electricity, higher than the 23.6 TWh generated from fossil fuel…

Read More

Murad extols historic Pak-Iran ties during presidential welcomeSindh CM advocates regional cooperation, urges unity on Palestine, Kashmir

Admin
Pak-Iran

Sindh Chief Minister Syed Murad Ali Shah remarked on the longstanding ties between Pakistan and Iran, highlighting the significance of commencing the journey of regional development from the land of Sindh. He expressed these sentiments during a grand and dignified ceremony held at the Chief Minister House to welcome the esteemed Iranian President, HE Seyyed Ebrahim Raisi. Shah emphasized the…

Read More

BYD, World’s Largest Battery Manufacturer, Joins Forces with Diwan International to Introduce High-Performance Lithium-ion Batteries in Pakistan

Admin

Karachi: “Global leader in battery manufacturing, BYD, has announced a strategic distribution partnership with Diwan International Pvt Ltd, Pakistan’s largest solar component distributor, to supply premium Lithium-ion batteries for solar systems in Pakistan. This partnership marks a significant milestone in the country’s renewable energy sector, as Diwan International expands its portfolio of esteemed partners, including Huawei Solar Inverter, Jinko Solar,…

Read More

LIIBS 7th Edition, Unites Stakeholders for Collaborating for Growth

Admin

Islamabad, April 23, 2024: The 7th Edition of LEADERS IN ISLAMABAD BUSINESS SUMMIT (LIIBS) kicked off with a full house at a local hotel in Islamabad.  More than 15 global speakers and 1000+ delegates were present at the event to unlock growth opportunities and collaborate for mutual benefit and advancement. The 7th Edition of LIIBS is jointly hosted by Nutshell Group…

Read More

Pakistan, Iran sign 8 agreements, MoUs: Trade volumes to be hiked to $10bn in 5 years

Admin
New-iran

ISLAMABAD: Pakistan and Iran have agreed to increase the volume of bilateral trade to $10 billion in the next five years following the signing of as many as eight agreements and memorandums of understanding (MoUs) for cooperation in different areas. Speaking after witnessing the signing of the agreements and MoUs between the two sides, Prime Minister Shehbaz Sharif said that…

Read More

Gas crisis looms as line pack pressure hits dangerous level

Admin
New-RLNG

ISLAMABAD: The country’s system line pack has once again increased alarmingly to 5.070 billion cubic feet per day (bcfd), putting the whole gas transmission line under severe stress. This is mainly due to the lower utilisation of regulated liquefied natural gas (RLNG) by the power and industrial sectors. To decrease the line pack pressure, Sui gas companies are excessively diverting…

Read More

Pakistan Faces Dire Climate Threats, World Bank Warns

Admin
Climate-Threats

The threat of climate change exacerbates existing vulnerabilities within Pakistan, amplifying risks to livelihoods, food security, and water resources. The World Bank has sounded the alarm, highlighting Pakistan’s acute vulnerability to the ravages of climate change. In a recent report titled “Second Resilient Institutions for Sustainable Economy: Climate Change Technical Note,” the global financial institution underscored that the South Asian…

Read More

Chronic power defaulters: Govt faces challenging task of over Rs1trn recovery

Admin
power-sector

ISLAMABAD: The federal government has the challenging task of recovering the huge amount of over Rs1 trillion from chronic running defaulters of five power Distribution Companies (Discos) of Sindh, Khyber Pakhtunkhwa (KP) and Balochistan.Last week, Minister for Power, Sardar Awais Ahmad Khan Leghari at a press conference revealed that total stock of receivables stood at Rs 1.9 trillion as of…

Read More