Author: Admin

Pakistan Eyes $8 Trillion Mineral Wealth, Plans Investor Conference

Admin
New-Project51

ISLAMABAD:* The government is ramping up efforts to unlock Pakistan’s vast mineral reserves—now estimated at $8 trillion—by attracting local and foreign investment. To showcase these opportunities, a high-profile mineral conference is planned for next month. At a recent federal cabinet briefing, officials highlighted the significant growth in estimated mineral wealth, up from the previous $6 trillion assessment. Currently, the mineral sector contributes 1% to GDP and employs 300,000 workers. The cabinet was also informed about major mineral deposits and ongoing extraction projects, particularly in Balochistan. Among the key initiatives is…

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Solis Marks 20 Years of Excellence with Bloomberg NEF Tier 1 Recognition

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New-Solis1

Ginlong (Solis) Technologies, a global leader in solar inverter manufacturing, proudly celebrates its 20th anniversary with a prestigious Bloomberg NEF Tier 1 ranking for Q1 2025. This recognition reaffirms Solis’ commitment to innovation, reliability, and sustainability in the renewable energy sector. The BloombergNEF Tier 1 designation is awarded to manufacturers demonstrating financial stability, consistent product performance, and a proven track record in large-scale solar projects. This milestone further solidifies Solis’ leadership in Pakistan’s solar industry, offering high-efficiency solutions to meet the nation’s growing energy demands. “Achieving Tier 1 recognition in…

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Oil price cut to consumers: Govt urged to pass on benefit

Admin
oil price

KARACHI: The world oil prices witnessed a big cut but our rulers didn’t pass on its benefit to the Pakistani masses, which is highly regretful, said Pasban Democratic Party (PDP) Chairman Altaf Shakoor here Sunday. He said when the world oil prices rise, the local oil prices are increased immediately by the government, but when these prices come down, the rulers instead of passing on their benefit to people decide to keep them unchanged. He said this is a great economic exploitation of our masses by their own government. He…

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Oil prices rise on US attack on Houthis and China economic hopes

Admin
Oil prices

Brent futures rise 76 cents, or 1.1%, to $71.34 a barrel\ LONDON: Oil traded higher on Monday after the United States vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its assaults on shipping while Chinese economic data fuelled hopes for higher demand. US President Donald Trump launched military strikes against the Houthis on Saturday over the group’s attacks against Red Sea shipping. One US official told Reuters the campaign might continue for weeks. Brent futures rose 76 cents, or 1.1%, to $71.34 a barrel by 1315 GMT…

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Pakistan’s power generation falls 15% MoM, costs plunge 30% in February

Admin
power

Power generation in Pakistan clocked in at 6,945 GWh in February 2025, a steep decline of 15% MoM compared to the previous month, suggesting a decline in economic activity. Back in January 2024, power generation stood at 8,153 GWh. On a yearly basis, power generation declined by 3% as compared to 7,130 GWh in the same month of the previous year. “This was the lowest monthly power generation in five years,” said JS Global. Electricity generation in February fell to its lowest level since March 2020, when it stood at…

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