Month: December 2020

PSA new office-bearers elected

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Karachi: The new office-bearers and members of the executive committee of the Pakistan Solar Association (PSA) have been elected for the year 2020-2021.According to the results of the elections, Muhammad Farhan has been elected as chairman and Waqas Haroon Moosa as senior vice-chairman of the PSA. Gul Sher Khan, Hafiz Muhammad Shoaib, Naveed, and Faheem Asharf, have all been elected as the vice-chairmen of the association.Members of the newly elected executive committee of the PSA are: Amir Pervaiz Chaudhary, Shafiq Ur Rehman, Muhammad Rizwan Ramzan, Asghar Ali, Muhammad Jibran, Rana…

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GE will supply GE’s 7HA.03, the World’s Largest,

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Most Efficient, Flexible 60 Hz gas turbine, to Support Heat and Power for Korea’s Administrative Capital Sejong City KOSPO’s New Shinsejong Combined Cycle Power Plant will be the first plant powered by GE 7HA.03 gas turbine in Korea. Plant will deliver power to the Korean grid and supply district heating to Sejong CityGE’s 7HA.03—an H-Class evolution—is the world’s largest, most efficient, and flexible gas turbine with the lowest cost conversion of gas to electricity for 60-hertz customers Sejong, South Korea – December 8, 2020 – GE (NYSE:GE) today announced it…

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Kakapir Women Lead Mangroves’ Protection

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In Kakapir, a fishing village located around 15 kilometres to the West of Karachi, at least two dozen women spend their days planting mangroves- elongating and strengthening a natural wall against tsunami. Leading the initiative to preserve the natural resource in the area, they realise that them having a secure future is linked to the presence of mangroves. “It’s a valuable tree and we all need to protect them,” said 70-year-old Sughra Hajani, one of the women who have dedicated themselves to protecting mangroves in Kakapir village. “I plant them…

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COVID-19 and Household Insecurities

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Economic headwinds are expected to subside as economic indicators are seen improving. With surplus in recent months, current account deficit is expected to remain in control; remittances a have continued to march up and outlook for currency depreciation is also stable. Plus, government’s packages, low interest rates, expected control in inflation, and debt relief on international loans will all contribute to economic revival in 2021. Economic moguls are cautiously optimistic. This is the news on the economic front. How have the households been coping with the COVID-induced economic slowdown? Economic…

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Petroleum Levy – Inching Closer to Target

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Having pocketed a record Rs136 billion in lieu of Petroleum Levy during 1QFY21, the government is well on course to rake in even higher number for 2QFY21. In all likelihood, a new quarterly Petroleum Levy record is all put in the bag – where it could likely cross Rs150 billion. Lower international crude oil prices have helped no doubt. Arab light crude for the reference period between July to December has averaged a lowly $44.8 per barrel – in stark contrast to $70/bbl in the 1H of FY20. The Petroleum…

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