The venture, Yutong Master, will create a greenfield plant, becoming the first company to produce city buses locally. Yutong’s hybrid and electric New Energy City Buses will enhance public transport, aligning with government infrastructure goals.
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Pakistan is seeking financing from Qatar for injection into LNG terminal ISLAMABAD: The government is set to amend the Oil and Gas Regulatory Authority (Ogra) Act aimed at allowing the operator of Energas Terminal to have monopoly over capacity utilistion in a bid to attract investment of $200 million from Qatar.At present, the terminal operator is bound to permit the…
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ISLAMABAD: Prime Minister Shehbaz Sharif confirmed on Tuesday that the federal budget for next year was prepared in collaboration with the International Monetary Fund (IMF). His remarks came as Finance Minister Muhammad Aurangzeb announced significant amendments to the proposed finance bill for 2024-25.“We had to prepare the budget jointly with the IMF” because of the prevailing circumstances and ground realities, the prime minister said…
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ISLAMABAD: In a significant move towards promoting renewable energy, the federal cabinet announced on Tuesday that no new duty will be imposed on solar panels. This decision aims to ensure the widespread accessibility of low-cost solar energy for the common man. By removing potential financial barriers, the government intends to accelerate the adoption of renewable energy sources, making affordable solar…
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