BEIJING: Oil prices edged higher on Tuesday, buoyed by signals of possible US tariff exemptions and a rebound in China’s crude oil imports, which offset broader market uncertainty. Brent crude futures rose by 12 cents, or 0.2%, reaching $65 per barrel by 0350 GMT. US West Texas Intermediate (WTI) crude also climbed 13 cents, or 0.2%, to $61.66 per barrel.…
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April 14, 2025 — LONGi Green Energy Technology, a global leader in solar innovation, unveiled the upgraded Hi-MO 9 module powered by its HPBC 2.0 technology in Anhui, China. Since its debut last year, the Hi-MO 9 module has earned global acclaim for its excellent power generation performance. The latest iteration achieves a groundbreaking 24.8% conversion efficiency and a maximum…
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ISLAMABAD: As petroleum prices continue to decline, the government is considering measures to support struggling oil refineries, which have reported losses of Rs13 billion during the first nine months of the current fiscal year due to sales tax exemptions, shrinking margins, and inventory losses. According to senior officials at the Petroleum Division, two key proposals are under review: increasing the…
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ISLAMABAD: Consumers can expect significant relief in fuel prices from April 16, as petroleum product rates are projected to decrease for the upcoming fortnight. The anticipated cut is attributed to a nearly seven percent drop in global oil prices, influenced by newly imposed tariffs under the Trump administration. According to preliminary calculations, the price of petrol is expected to decline…
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ISLAMABAD: The ongoing disagreement between the Power Division and K-Electric (KE) regarding the conversion of the Jamshoro Power Plant from imported to indigenous Thar coal remains unresolved, with both parties clashing over the interpretation of committee meeting minutes, sources told Business Recorder. The contention revolves around the Bankable Feasibility Study (BFS) for the conversion. KE claims that the minutes circulated…
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ISLAMABAD: In a remarkable clean energy shift, Pakistan has emerged as one of the world’s leading solar panel importers, bringing in a staggering 17 gigawatts of solar capacity in 2024 alone — doubling its imports from the previous year — according to the Global Electricity Review 2025 by UK-based energy think tank Ember. What makes this surge even more extraordinary…
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ISLAMABAD: A state-owned think tank has warned that the United States’ proposed tariff hikes on Pakistani goods — initially announced by former President Donald Trump and now temporarily suspended — could severely damage Pakistan’s export sector, particularly textiles, risking up to $1.4 billion in annual losses. In a policy note titled “Impact of Unilateral Tariff Increase by United States on…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is under mounting criticism for imposing rigid appeal policies and exorbitant fees on consumers seeking reviews of regulatory decisions. The backlash intensified following a dissenting note from Nepra Member (Tariff) Balochistan, Mathar Niaz Rana, who opposed the regulator’s decision to dismiss a review application by Karachi-based industrialist Muhammad Arif Bilwani. The application…
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Bonn/Stemwede, 12 April (WWEA) – Experts in wind energy history gathered at the German Wind Power Museum in Stemwede, northern Germany, to explore ways to enhance international collaboration in preserving the global heritage of wind energy. The event, part of an ongoing initiative by the World Wind Energy Association (WWEA), focused on improving the archiving and sharing of wind energy…
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ISLAMABAD: MariEnergies, a leading exploration and production company in Pakistan, has invested $250 million in the Waziristan Block, resulting in seven significant gas discoveries, including two tight gas reserves. These discoveries are projected to save the country $300 million annually in foreign exchange, a senior company official revealed. The company’s latest success comes from the Spinwam-1 exploratory well, which has…
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