Author: Admin

IMF Assured: Power and Gas Subsidies to Be Targeted Through BISP Framework

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New-IMF

ISLAMABAD: The government has assured the International Monetary Fund (IMF) that electricity and gas subsidies will be aligned with the Benazir Income Support Programme (BISP) to ensure that only low-income households benefit from the relief, sources in the Finance Ministry revealed. The move is part of broader energy sector reforms aimed at reducing inefficient consumption, curbing losses, and supporting Pakistan’s climate mitigation goals. The current subsidy structure—characterized by blanket tariff differentials and cross-subsidies—has led to overconsumption and has often benefited wealthier consumers, undermining the sector’s financial viability. By January 2027,…

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Oil Prices Rise on US Tariff Relief Hints, Stronger China Crude Imports

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Oil prices

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. Investor sentiment improved after US President Donald Trump suggested possible relief on auto tariffs and granted exemptions on certain electronic goods, including smartphones and computers, largely imported from China. “These…

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BC Reshapes the Future:LONGi Launches Upgraded Hi-MO 9 Module with Industry-Leading 24.8% Efficiency

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New-Longi1

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 power output of 670W, outperforming mainstream TOPCon modules by 40W in mass production. This advancement positions Hi-MO 9 as a transformative force for enhancing photovoltaic power plant value worldwide. Full-Scenario…

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Govt Weighs Relief Measures for Refineries Amid Falling POL Prices

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petrol-price

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 Inland Freight Equalisation Margin (IFEM) by Rs4.60 per litre on petrol and diesel, or imposing a 3–5% sales tax on petroleum products. The former option would redirect a portion of…

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