LAHORE: Excessive panel imports have encouraged aggressive solar power system installations by consumers across the country to reduce their inflated power bills.This was stated by Adil Mehmood, the former president of the Sheikhupura Chamber of Commerce & Industry, while sharing his views about solar industry.According to him, solar panel dealers are busier than last year, while dealers of power generators…
Read More
PESHAWAR: Secretary Energy and Power Nisar Ahmad Khan called foreign investment as a milestone in the coming days for the development of the energy sector in the province.The senior official said that the natural resources of hydropower found in Khyber Pakhtunkhwa are a valuable treasure here, which if not utilized will only save the country from the current energy crisis…
Read More
ISLAMABAD: Chinese and Pakistani companies have reached a preliminary cooperation agreement to introduce eco-friendly solar e-bikes to Pakistan.The joint venture involves Road King, a leading electric scooter brand in Pakistan, and AGAO Solar Mobility, a China-based startup specializing in solar-powered scooters, as reported by a private news channel.As reported by the China Economic Net (CEN), both parties engaged in detailed…
Read More
Sharp rise in power rates to affect millions of consumers ISLAMABAD: The PML-N led federal government has finally notified a phenomenal increase in power tariff for all consumers including those served by the K-Electric—a hike that is going to affect millions of power users across the country.The Power Division on Sunday issued the notification for the increase in the basic…
Read More
ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday formed a committee to reactivate the Neelum-Jhelum hydropower project, directing the relevant officials to complete investigation into its recent closure and identify those responsible for the defects in its design.While chairing a meeting at PM House during which a preliminary investigation report was presented, the prime minister expressed annoyance over the ‘criminal negligence’…
Read More
ISLAMABAD: In a significant move, the Pakistan State Oil (PSO) board has approved up to $3 million for a market study to evaluate the feasibility of a $10 billion green refinery or crude-to-petrochemical complex project. Pakistani authorities have already announced a new green refinery policy, offering substantial incentives such as a 7.5% deemed duty for 25 years and a 20-year…
Read More
BEIJING: Nearly two-thirds of the world’s large wind and solar plants under construction are in China, significantly reducing coal’s share in power generation, according to a report by US-based think tank Global Energy Monitor (GEM) released on Thursday. China is building 339 gigawatts (GW) of utility-scale wind and solar, accounting for 64% of the global total, dwarfing the second-place United…
Read More
ISLAMABAD: In the face of rising electricity prices and criticism over governance issues in the power sector, Power Minister Awais Ahmad Khan Leghari directed blame towards the Federal Board of Revenue (FBR) during a Senate Standing Committee on Power session on Friday. Addressing the committee, chaired by PTI Senator Mohsin Aziz, Leghari highlighted the FBR’s failure, which he claims has…
Read More
ISLAMABAD: Petrol and high-speed diesel (HSD) prices are projected to rise significantly in the upcoming review on July 16, mainly due to increasing global oil prices. Petrol is expected to increase by over Rs7.60 per litre, while HSD may see a hike of Rs3.50 per litre. Sources report that international market prices for petrol and HSD have risen by approximately…
Read More
KARACHI: Pakistan has secured a three-year, $7 billion aid package from the International Monetary Fund (IMF), offering much-needed relief to the struggling economy. The Washington-based institution announced the agreement on Saturday morning, stating that the deal, pending approval by the IMF’s Executive Board, aims to enhance macroeconomic stability and foster stronger, more inclusive, and resilient growth. Pakistan’s economy has been…
Read More
