Karachi – Sindh Chief Minister Syed Murad Ali Shah, alongside Minister of Energy Sindh, inaugurated the solarization of Central Jail Karachi, a pioneering project aimed at reducing energy costs and promoting sustainable energy solutions within the correctional facility. The project has a total installed capacity of 614.8 KW, exceeding the building’s energy demand of 549.5 KW. Implemented under the Sindh…
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Karachi – Sindh Chief Minister Syed Murad Ali Shah, along with provincial ministers Sharjeel Memon, Nasir Hussain Shah, Saeed Ghani, Ali Hassan Zardari, and Waqar Mehdi, inaugurated a significant solar power project at the Dow University of Health Sciences (DUHS) Ojha Campus Hospital. This initiative, launched under the Sindh Solar Energy Project (SSEP) with support from the World Bank, is…
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TOKYO/SINGAPORE: Oil prices eased on Tuesday as the top US diplomat renewed efforts to push for a ceasefire in the Middle East and as slowing demand growth in China, the world’s top oil importer, continued to weigh on the market. Brent crude futures for December delivery were down 60 cents, or 0.8%, at $73.69 a barrel at 0717 GMT. US…
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Lucky Cement, one of Pakistan’s largest cement manufacturers, completed and commissioned the 28.8MW captive wind power project at its Karachi plant. The company announced the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. “We are pleased to announce the successful completion and commissioning of our 28.8 MW captive wind power project at the company’s Karachi plant,…
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Israel Hezbollah War Live Updates: The Israeli military issued an apology on Monday for a strike that mistakenly killed three Lebanese soldiers in southern Lebanon, explaining that it had not intended to target Lebanon’s military. According to the military, its forces believed they were aiming at a vehicle connected to the Hezbollah militant group. Hezbollah recently declared that it has…
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NEW DELHI: India is preparing to launch a coal exchange aimed at stabilizing coal prices and enhancing the fuel’s availability, according to Coal Minister G. Kishan Reddy. Speaking at an industry event on Monday, the minister revealed that discussions on establishing the exchange took place last week, though the exact launch date was not disclosed.
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DOHA: Qatar’s efforts to secure new liquefied natural gas (LNG) contracts with Japan and South Korea have hit obstacles as increased competition from the United States, the UAE, and Oman offers buyers more flexible contract terms. Qatar, once the dominant LNG supplier to these key Asian markets, faces resistance due to its insistence on restrictive destination clauses, while competitors provide…
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ISLAMABAD: Pakistan’s urban population is projected to soar to 99 million, or 40% of the total population, by 2030, intensifying existing challenges in urban infrastructure and services, according to Emma Fan, Country Director of the Asian Development Bank (ADB) for Pakistan. Speaking at the launch of the National Urban Assessment of Pakistan, Fan highlighted the growing strain on cities, especially…
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ISLAMABAD: The federal government’s ambitious plan to upgrade domestic refineries has hit a significant roadblock just days before the deadline for finalizing agreements. The issue arises from a sales tax exemption introduced in the 2024-25 national budget by the Federal Board of Revenue (FBR), causing uncertainty among investors. With $6 billion in investment at stake, the Petroleum Division is considering…
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ISLAMABAD: Independent Power Producers (IPPs) set to face scrutiny in the second phase of shifting from the “take or pay” to the “take and pay” model are expressing frustration over a two-week payment stoppage by the Central Power Purchasing Agency (CPPA-G). Sources informed Business Recorder that 18 IPPs under the 1994 and 2002 policies will soon receive notices for renegotiating…
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