‘Disco Support Unit’ established LAHORE: In a significant move to curb power theft and improve recovery, the government has established a Disco Support Unit. According to a press release issued by LESCO’s spokesperson, the unit has been set up on the directives of the government of Pakistan. The unit will be headed by Chief Executive LESCO Engineer Shahid Hyder as…
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Islamabad, January 18, 2025 – The longstanding monopoly of Sui gas companies in the purchase and sale of gas has officially ended as the Petroleum Division notified the implementation framework for third-party gas sales. This landmark move, endorsed by the Executive Committee of the National Economic Council (ECNEC), allows private companies to purchase up to 100 mmcfd of gas annually,…
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Islamabad, January 18, 2025 – The World Bank will conduct an Implementation Support and Progress Review Mission for the Dasu Hydropower Project (DHP) Stage 1 from February 10 to March 5, 2025. The mission will evaluate the project’s progress and address implementation challenges. The 242-meter (794 ft) tall dam, designed to support a 4,320 MW hydropower station, is being constructed…
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Pakistan stands at a crossroads with the US as Donald Trump is all set to reenter the White House Choppy waters lie ahead. Pakistan was struggling to recalibrate its foreign policy in a transformed regional and global reality even before United States forces completed their withdrawal from Afghanistan on August 30, 2021. Now, with Donald Trump set to assume the…
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Riyadh, January 18, 2025 – Football superstar Cristiano Ronaldo is poised to become the highest-paid footballer in the world as he signs a new contract with Saudi Arabian club Al-Nassr. The official announcement is expected today, confirming a deal that will earn the 39-year-old icon a staggering 550,000 euros per day—equivalent to approximately 160 million Pakistani rupees. Reports indicate that…
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Abu Dhabi, UAE – At the prestigious World Future Energy Summit (WFES 2025), LONGi showcased its groundbreaking advancements in solar technology under the theme “BC Leading into Infinity.” The event drew over 20,000 attendees and 400 exhibitors, cementing its status as the Middle East’s premier platform for clean energy. Showcasing Excellence: Hi-MO 9, Hi-MO X10, and PV+ SolutionsLONGi revealed its…
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Internet users across various cities in Pakistan continue to face slow connectivity, particularly during peak hours since two weeks after a fault was detected in the submarine cable AAA-1 near Qatar. Social media apps and web browsing remain sluggish for some users, prompting concerns over service reliability. A spokesperson for Pakistan Telecommunication Company Limited (PTCL) said internet traffic has been…
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• Slashes EV charging tariffs by over Rs30 per unit to promote clean energy• Expects electric vehicles to help cut oil bill by $6bn• Leghari seeks financing for rickshaw, small car owners ISLAMABAD: Promising the region’s lowest electricity tariff in a few months, the government on Wednesday decided to reduce power supply rates to electric vehicle charging stations (EVCS) by almost 44…
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SINGAPORE: QatarEnergy has raised the term price for al-Shaheen crude oil loading in March, trade sources said on Thursday, setting it at a premium that has been the highest in more than two years. The term price has risen by $2.76 to $3.81 per barrel, from the premium of $1.05 per barrel set for February-loading cargoes, the sources said. The…
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As Pakistan’s corporate sector increasingly turns to renewable energy to meet its power needs, Attock Cement became the latest entrant to join this trend, announcing the successful commissioning of a 4.8MW windmill project. The listed company shared the development in a notice to the Pakistan Stock Exchange (PSX) on Thursday. “We would like to convey the information that our windmill…
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