KARACHI: Despite uncertain economic conditions, Dewan Farooque Motors Ltd (DFML) has announced plans to start rolling out electric vehicles (EVs) in August. The company has entered into a toll manufacturing agreement with ECO-Green Motors Ltd (EGML) for the production of EGML’s Honri-VE, offering ranges of 200km and 300km.
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Ambitious 640MW combined solar PV projects plannedKarachi, May 4, 2024 – K-Electric (KE) has taken a significant leap in inducting a sustainable energy future. At a recent roadshow event the power utility showcased its ambitious solar PV based power projects that will establish 640 MW of renewable energy across its service territory, aligning with its vision of achieving a 30%…
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Irani Diesel ⛽️ back to 10,000,000 lites per day. Valued @$100/ bbl delivered C&F Karachi ; this amounts to $2.3 Billion per annum. Mostly paid by hundi/ hawal from Dubai to Iranian Dealers. 95% is delivered under informal Parchi system introduced in 2021 by FC( Dawn Business Reprt May 2nd 2024). About 10 million( including 3 million Baluch) , population…
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With the increasing demand for electricity as the world shifts away from fossil fuels, cleaner sources of energy like solar and wind are becoming more and more common. However, as more solar power is introduced into our grids, operators are dealing with a new problem that can be visualized as the “duck curve.” Utility companies use models to predict demand…
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In a recent report by Bloomberg economist Ankur Shukla, Pakistan’s economic landscape is poised for recovery, projecting a growth of 2.1 percent in the fiscal year and a significant acceleration to 4.8 percent in fiscal 2025. Several factors contribute to this optimistic outlook, including the approval of a $700 million loan tranche from the International Monetary Fund (IMF) in November,…
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Introduction: As Pakistan gears up for general elections scheduled for February 8, there are signs of optimism regarding the resolution of the country’s economic and political challenges. The announcement of a firm election date, following consultations between the Election Commission of Pakistan and the president, has put an end to speculation and controversy. Despite concerns raised by major political parties…
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There have been unusual developments in the value of the rupee (PKR) during the last seven weeks. From a trend in the form of a declining value with respect to the US$, there has been an unanticipated reversal in this trend. During the month of September and up to the middle of October the rupee has actually gained in value…
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Oil and Gas Development Company Rs100.8 billion Pakistan Petroleum Company Limited Rs49.4 billions National Bank or Pakistan Rs30.6 billion Government Holding Private Limited Rs29.8 billion National Power Parks Management Rs28 billion Port Qasim Authority Rs15.4 billion National Transmission and Dispatch Company Rs9.3 billion Pak Kuwait Investment Company Private Limited Rs6.3 billion Faisalabad Electric Supply Company Rs6.08 billion Pakistan Agricultural Storage…
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Unraveling the link between petrol prices and electricity bills in Pakistan’s inflation scenario. Insights into impacts and solutions.
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In a world where energy security stands as a linchpin of progress and prosperity, Pakistan’s decision to halt the ambitious Iran-Pakistan Gas Pipeline Project has ignited a discourse that intertwines economic aspirations, diplomatic maneuvers, and strategic intricacies. The complexities inherent in this choice reverberate beyond mere energy dynamics, encompassing a plethora of benefits and challenges that must be meticulously weighed.…
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