Asian stock markets faced a sharp downturn following U.S. President Donald Trump’s decision to impose tariffs on China, Canada, and Mexico. The move led to a rise in the U.S. dollar’s value, while Tokyo and Seoul stock markets plunged by over 2%. Markets in Sydney, Singapore, and Wellington also witnessed significant losses. The Chinese yuan and Canadian dollar fell to…
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Islamabad: The World Bank will provide a new $1 billion loan for the Dasu Hydropower Project. This loan will be granted after the approval of the revised PC-1, which is estimated to cost PKR 1.7 trillion. According to senior officials from the Economic Affairs Division (EAD), the World Bank has formally agreed to finance the first phase of the Dasu…
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ISLAMABAD: Pakistan ranks 36th among the world’s cheapest petrol markets, with Iran offering the lowest petrol price at Rs7.98 per liter, while Hong Kong tops the list of the most expensive at Rs950 per liter, according to a report by Global Petrol Prices and CNBC on January 27, 2025. Ranking of South Asian CountriesAmong South Asian nations, Bhutan ranks 22nd,…
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ISLAMABAD: Consumers across Pakistan, including Karachi, may soon see a reduction in electricity prices by approximately Rs2 per unit, according to ARY News. The National Electric Power Regulatory Authority (NEPRA) has received a proposal from power distribution companies to implement this price cut as part of the quarterly adjustment for October to December 2024. The request seeks a total reduction…
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At the 210mm Five-Year Ecological Innovation Conference, Dr. Zhang Yingbin, Head of Strategy, Product, and Marketing at Trinasolar, highlighted the transformative impact of 210mm solar modules on the industry. These modules, based on 210mm square or rectangular wafers, have redefined efficiency, cost-effectiveness, and industry standards. The Rise of 210mm TechnologyTrinasolar introduced the first 210mm module in February 2020, leveraging Zhonghuan…
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ISLAMABAD: Pakistan’s fertility rate has dropped from six live births per woman in 1994 to 3.6 in 2024, according to the UN’s World Fertility Report 2024. The advance unedited report highlights the benefits of reducing adolescent birth rates, which can accelerate fertility declines and yield significant socioeconomic gains. Lower birth rates would enable better resource allocation for child and adolescent…
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ISLAMABAD: Gas companies are raising alarms over the IMF-driven policy to shift industrial captive power plants (CPPs) to the national grid, fearing a loss of long-term clients to private competitors. Pakistan LNG Limited (PLL) has sought government approval to import liquefied natural gas (LNG) for industrial use, citing supply constraints at Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern…
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ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Korangi Association of Trade and Industry (KATI) have strongly opposed the proposed increase in security deposits by Distribution Companies (Discos) and K-Electric, demanding full financial transparency before any decision is made. In separate letters to the Registrar of the National Electric Power Regulatory Authority (NEPRA), both trade…
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