Month: August 2022

That makes the problems being experienced in the backyard of the Three Gorges a warning to other economies in Asia that would seek to follow China’s path to development. Daily hydro generation has fallen 51% amid the worst drought on the Yangtze since the early 1960s, part of a worldwide drying that’s also closed the Rhine to barge traffic. That’s led to factory shutdowns as soaring demand from air conditioners collides with the constraints of a provincial grid that depends on dams for. The hydro potential of the Yangtze and its sister rivers originating in…

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The National Electric Power Regulatory Authority (Nepra) has shown ‘special kindness’ to Turkish company M/s Zorlu Solar Pakistan Limited (ZSPL) by approving 13 percent Return on Equity (RoE), after intervention of the Prime Minister who apologized publicly to the Turkish companies for mistreatment in the past. The company intends to establish 100MWp solar power project at Quaid-e-Azam Solar Power Park (Extension), Lal Sohanra, District Bahawalpur, Punjab. Turkish company had complained of ill-treatment during the PTI government. During the hearing, the petitioner submitted that while considering Pakistan’s 10-year government bonds as…

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Oil exporting countries have already made huge profits. Pak should prepare to import cheap oil, gas from Iran: Mian Zahid Hussain Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance and former provincial minister Mian Zahid Hussain on Wednesday said the decision of oil exporting countries to reduce production may push the world into a new crisis. The oil prices have fallen to ninety-five dollars after reaching one twenty-two dollars and now it is excessive to increase prices again by reducing the production.…

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Pakistan’s information technology company, Systems Limited, made history by being the country’s only tech firm to be awarded ‘Forbes Asia’s Best Under A Billion’ for the third time in a row. Forbes Asia has recently compiled its annual list of the top 200 companies from the Asia-Pacific region with consistent top and bottom-line growth and under $1 billion in revenue. This list entails 75 returnees that outperformed across all performance indicators and metrics; Systems Limited is among them. This honour sheds light on Systems Limited’s sustainability, innovation, and constant financial…

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The enhanced rates of RDs would remain applicable from August 22, 2022, to February 21, 2023, under the SRO.1571(I)/2022 and RD would remain applicable on the import of items falling under the serial number 554 of the SRO.1571(I)/2022 from August 22, 2022, to November 1, 2022. Under the SRO.517(I)/2022, 7 percent regulatory duty would be applicable on goods falling under tariff slab of 30 percent and higher slabs as well as slabs of specific rates, except the following which will be charged at the rate of 2 percent: on the…

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