Tariq Corporation Limited (TCORP), engaged in the manufacturing of sugar and its by-products, has become the latest company to adopt renewable energy, as it announced plans to set up a 200KW solar power system at its facility. The listed company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “We are pleased to inform you…
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KARACHI (March 21): Sindh Chief Minister Syed Murad Ali Shah, while concluding the pre-budget discussion in the assembly, emphasized his government’s commitment to maintaining law and order, and highlighted the importance of transparent financial planning and noted that there was currently no construction taking place on the Chulistan Canal. He highlighted that there has been no construction activity from Head…
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Pakistan Petroleum Limited (PPL) has sought advice from the Petroleum Division (PDS) regarding the allocation of gas for its Combined Cycle Gas Turbine (CCGT) power plant project. The PPL is planning to set up a 1,200-megawatt (MW) CCGT power plant, which will require a significant amount of gas to operate. However, the company is seeking clarification on the gas allocation…
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Chinese automaker BYD has introduced a commercial electric vehicle (EV) battery capable of charging in approximately the same time it takes to refuel a petrol car. The announcement, made during a livestream event in Shenzhen, China, marks a new development in EV charging technology. The Super E-Platform offers 1,000kW charging speeds, which is four times faster than Tesla’s 250kW Superchargers.…
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NEW YORK: US natural gas futures climbed about 2% to a one-week high on Wednesday on record gas flows to liquefied natural gas (LNG) export plants and another drop in daily output. Front-month gas futures for April delivery on the New York Mercantile Exchange were up 8.5 cents, or 2.1%, to $4.137 per million British thermal units (mmBtu) at 8:52…
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HOUSTON: Oil prices rose on Thursday after the U.S. issued new Iran-related sanctions, data showed a higher-than-expected fuel inventory drawdown in the U.S. and renewed tensions in the Middle East countered strength in the dollar. Brent crude futures were up 97 cents, or 1.37%, to $71.75 a barrel by 10:57 a.m. EDT (1457 GMT), having gained more than $1 during…
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SINGAPORE: Asia’s sour crude demand is set to rebound from late in the second quarter as refiners return from maintenance and Exxon Mobil completes a Singapore refinery upgrade that is poised to increase its heavy oil use, traders and analysts said. The rise in demand from some of the world’s top oil importers led by China will support Middle East…
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KARACHI (March 19): Sindh Chief Minister Syed Murad Ali Shah held separate meetings at the Chief Minister House with the Consul General of China, Yang Yundong, and the Consul General of Iraq, Dr Mehr Mujahid Jejan. The discussions centred on investment, development projects, and diplomatic cooperation, further strengthening Sindh’s ties with both nations. Boosting Sino-Pak Collaboration: During his meeting with…
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Sydney, Australia – Trina Storage, a global leader in energy storage solutions and a business unit of Trinasolar, has introduced its latest innovation, the *Elementa 2 Pro 5MWh energy storage system, at the **2025 Energy Storage Summit in Sydney. This marks the system’s Australian debut, reinforcing Trina Storage’s commitment to advancing *high-performance, localized energy storage solutions. The Energy Storage Summit,…
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Solar panel prices in Pakistan have seen a significant decline after recent amendments to the federal government’s net metering policy. The cost of installing solar power systems has decreased by Rs35,000 to Rs175,000, depending on system size and market conditions. Currently, a 5 kW solar system is priced between Rs5 lac to Rs5.5 lac, while a 7 kW system costs…
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