ISLAMABAD: Pakistan earned US $111.313 million by providing different travel services in various countries during the two months of the fiscal year 2024-25. This shows an increase of 4.99 per cent as compared to the US $106.020 million worth same services provided during the corresponding months of the last fiscal year 2023-24, the Pakistan Bureau of Statistics (PBS) reported. During…
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With a 6% YoY drop in power generation, Pakistan faces rising fuel costs and an increasing shift toward solar energy, as more consumers move off-grid to combat high electricity prices Power generation in Pakistan fell to 12,487 GWh in September 2024, marking a 6% year-on-year decline compared to the 13,339 GWh produced in the same month last year. On a…
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QINGDAO: Federal Minister for Power Sardar Awais Ahmad Khan Leghari on Wednesday said that Pakistan has set an ambitious goal to generate 60 per cent of its energy from renewable energy (RE) sources, reflecting its commitment to sustainability. Addressing at the opening ceremony of the Third Belt and Road Energy Ministerial Conference here, the minister underscored Pakistan’s commitment to renewable…
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Karachi – Sindh Chief Minister Syed Murad Ali Shah, alongside Minister of Energy Sindh, inaugurated the solarization of Central Jail Karachi, a pioneering project aimed at reducing energy costs and promoting sustainable energy solutions within the correctional facility. The project has a total installed capacity of 614.8 KW, exceeding the building’s energy demand of 549.5 KW. Implemented under the Sindh…
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Karachi – Sindh Chief Minister Syed Murad Ali Shah, along with provincial ministers Sharjeel Memon, Nasir Hussain Shah, Saeed Ghani, Ali Hassan Zardari, and Waqar Mehdi, inaugurated a significant solar power project at the Dow University of Health Sciences (DUHS) Ojha Campus Hospital. This initiative, launched under the Sindh Solar Energy Project (SSEP) with support from the World Bank, is…
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TOKYO/SINGAPORE: Oil prices eased on Tuesday as the top US diplomat renewed efforts to push for a ceasefire in the Middle East and as slowing demand growth in China, the world’s top oil importer, continued to weigh on the market. Brent crude futures for December delivery were down 60 cents, or 0.8%, at $73.69 a barrel at 0717 GMT. US…
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Lucky Cement, one of Pakistan’s largest cement manufacturers, completed and commissioned the 28.8MW captive wind power project at its Karachi plant. The company announced the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. “We are pleased to announce the successful completion and commissioning of our 28.8 MW captive wind power project at the company’s Karachi plant,…
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Israel Hezbollah War Live Updates: The Israeli military issued an apology on Monday for a strike that mistakenly killed three Lebanese soldiers in southern Lebanon, explaining that it had not intended to target Lebanon’s military. According to the military, its forces believed they were aiming at a vehicle connected to the Hezbollah militant group. Hezbollah recently declared that it has…
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DOHA: Qatar’s efforts to secure new liquefied natural gas (LNG) contracts with Japan and South Korea have hit obstacles as increased competition from the United States, the UAE, and Oman offers buyers more flexible contract terms. Qatar, once the dominant LNG supplier to these key Asian markets, faces resistance due to its insistence on restrictive destination clauses, while competitors provide…
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ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal on Monday hoped that the annual volume of Pakistan’s economy will be $ 3 trillion and the country will be counted among the top 10 economies of the world in 100 years of independence in 1947. In the current era, data-driven, knowledge economies are ruling the world, and data…
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