35 businessmen will meet with Chief Advisor BD Mohammad Younus and other high profile officials Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that FPCCI is taking a prominent multi-sectoral exporters’ delegation to Bangladesh this week to strive for a breakthrough in economic, commercial and trade relations between the two countries. The delegation is looking forward to meet Dr.…
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Karachi (Jan 7): Sindh Chief Minister Syed Murad Ali Shah is set to inaugurate the first segment of the highly anticipated Malir Expressway, a state-of-the-art, high-speed corridor on January 11. The initial 9.1 km stretch, which runs from Korangi Causeway to Shah Faisal, represents a significant milestone in Karachi’s infrastructure development, promising improved connectivity and reduced traffic congestion. This decision…
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JinkoSolar has initiated legal action against Longi, accusing the company of infringing on its proprietary TOPCon solar cell technology. “JinkoSolar has demanded Longi cease infringing on the relevant patents and compensate for economic losses,” a company spokesperson told pv magazine. The lawsuit, filed by JinkoSolar’s subsidiary Shangrao Xinyuan Motion Technology Development, was accepted by the Nanchang Intermediate People’s Court and…
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BERLIN: Sales of new battery-powered vehicles in Germany fell sharply by 27.4% in 2024, highlighting significant challenges for the nation’s auto industry, according to official data released Monday. Germany’s KBA federal transport authority reported that only 380,609 electric vehicles (EVs) were registered out of 2.8 million new vehicles sold, marking a 13.5% market share. Overall vehicle sales in Europe’s largest…
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KARACHI: PPL Asia E&P BV, a wholly-owned subsidiary of Pakistan Petroleum Limited (PPL), has successfully received a $6 million settlement from Iraq’s Midland Oil Company (MdOC), concluding the Exploration, Development, and Production Service Contract (EDPSC) for Block-8 in Iraq. In a notice to the Pakistan Stock Exchange (PSX) on Monday, PPL stated, “We are pleased to notify that PPL Asia…
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ISLAMABAD: The government is set to notify the amended Exploration and Production (E&P) Policy 2012 today, enabling E&P companies to sell 35% of gas from future discoveries to the private sector through competitive auctions. This policy aims to attract $5 billion in investments to Pakistan’s oil and gas sector. According to the implementation framework approved by ECNEC on November 25,…
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ISLAMABAD: Finance Minister Mohammad Aurangzeb has reiterated Pakistan’s commitment to the International Monetary Fund (IMF) by affirming the discontinuation of gas supply to captive power plants (CPPs), a promise made under the 2021 IMF agreement but left unimplemented by the previous government. During a heated Senate panel session, the finance minister emphasized that failing to honor the 2021 commitment had…
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