ISLAMABAD, Sep 14 (APP):Federal Minister for Science and Technology Chaudhry Fawad Hussain Monday sad Pakistan would indigenously start producing solar energy panels in one and a half year. “We will be able to transform free solar power to the batteries. With the rapid technological change, each residential unit will have its separate domestic power house and the size of a battery will reduce with its enhanced power,” he said in an exclusive talk with a private news channel. The minister said currently, one time chargeable million mile batteries were being…
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LCCI for more investment in renewable energy
LAHORE-Renewable energy is a cheap source of energy and has changed the approach of big economies from conventional sources of power to more efficient, cheap and nature friendly resources. These views were expressed by the president of Lahore Chamber of Commerce and Industry Irfan Iqbal Sheikh, senior vice president Ali Hussam Asghar and vice president Mian Zahid Jawaid Ahmed during a meeting with a delegation on renewable energy here on Monday. They said Pakistan is full of resources needed for renewable energy as it can receive about 1KW of solar…
Read MorePakistan’s petrol crisis of June 2020
ISLAMABAD: On July 21, the Islamabad Policy Institute issued a report titled “The petrol crisis of June 2020.” This report shows a lack of understanding, is based on misinformation and has numerous factual errors. There was a supply glut building up in the international oil markets since the beginning of the year. On February 25, 2020 the Arab Gulf Platts (fob) price for a barrel of petrol was $60.35, which dropped to $33.87 on March 13, 2020. While this was happening, the full impact of Covid-19 on the demand side…
Read MoreFATF October review to go well for Pakistan: Yao Jing
ISLAMABAD: Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh and Chinese Ambassador Yao Jing discussed matters related to Financial Action Task Force (FATF) and the latter said that October review will go well for Pakistan. The Chinese ambassador made a farewell call on the advisor here at the finance division on Thursday. Shaikh said that China-Pakistan relations will further strengthen in future. He appreciated the commitment with which Jing worked for the progress of the Pak-China relationship. He acknowledged the contributions of Ambassador Jing and China’s leadership for…
Read MoreStartup aims to reduce energy wastage in Pakistan
KARACHI: Startups in Pakistan are striving to lessen darkness due to insufficient electricity transmission, while making money out of the opportunity. Pakistan is one of those countries which still faces prolonged power outages and one of the main reasons is line losses at a time when the country has surplus production capacity. Inefficient distribution, coupled with lower recovery of consumer bills and high power theft, is giving birth to the complicated circular debt. Consumers are now looking for opportunities to slash their electricity bills such as through installing solar panels.…
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