Ginlong (Solis) Technologies, the world’s third largest PV inverter manufacturer, is showcasing its cutting-edge storage and inverter solutions at SNEC and Intersolar Europe this month – two of the world’s leading exhibitions for the solar industry. SNEC, scheduled June 13 – 15, and Intersolar, June 19 – 21, will provide Solis with a global platform to unveil their premium, all-scenario…
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KARACHI: The government is expected to introduce incentives to encourage the local assembly of solar panels in the budget for 2024-25. Pakistan Solar Association (PSA) Senior Vice-President Mohammad Zakir Ali, who was part of Prime Minister Shehbaz Sharif’s recent delegation to China, remarked, “I do not think the government will impose any new taxes or duties on solar panels, which…
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The government is set to present its first budget since its inauguration in March, facing stringent conditions imposed by the International Monetary Fund (IMF). Local economists predict the budget will result in heavy taxation and increased inflation. Negotiations between the finance ministry and the IMF are ongoing as the government grapples with the loaning agency’s tough demands. These include increasing…
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ISLAMABAD: Pak Arab Refinery Limited (Parco), a leading oil refiner, has announced a long-term investment of up to $1.3 billion to establish a hydrocracker unit aimed at converting furnace oil into petrol and diesel. This project is designed to ensure a sustainable oil supply and enhance energy security in Pakistan. The investment follows the government’s approval of new refinery policy…
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ISLAMABAD: The World Bank has sanctioned a $1 billion loan for Pakistan to support the first phase of the Dassu Hydropower Project, aimed at enhancing and expanding the country’s electricity supply. This funding is directed towards improving electricity provision and expanding access to socio-economic facilities. The Dassu Hydropower Project is poised to be a major development, significantly contributing to the…
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ISLAMABAD: The government is likely to eliminate duties on the import of plant, machinery, equipment, and raw materials used in the manufacturing of solar PV panels in the 2024-25 budget, according to well-informed sources from Business Recorder. The Managing Director of the Private Power Infrastructure Board (PPIB) highlighted that while the Fifth Schedule of the Customs Act, 1969 exempts customs…
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