Year: 2022

The Ministry of Economic Affairs said on Thursday that 43 per cent of about $35 billion worth of foreign-funded projects were problematic — either not progressing well or unable to deliver the desired outcomes. At a review meeting of the National Coordination Committee on foreign-funded projects, the ministry reported that it was managing an ongoing portfolio of $34.8bn such projects of various sectors of the economy. “Out of the total portfolio, $15bn (43pc) is considered as problematic,” it added. On top of that, the meeting was informed that the “share…

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Russian Consul General Andrey Viktorovich Fedrov has stated that he wasn’t aware of any oil deal between Russia and Pakistan. However, he said that Pakistan and Russia were currently experiencing friendly bilateral ties and Kremlin considers Islamabad a ‘friendly’ country. In an interview, the Russian consul general also expressed his desire to establish trade and economic cooperation with between Russia and Pakistan. Fedrov said that trade ties between Pakistan and Russia were affected due to “illegal sanctions” by the West. While expressing trade potential between Pakistan and Russia, he said…

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LONGi has announced a new world record conversion efficiency of 26.5% for its silicon heterojunction (HJT) photovoltaic cells. The new record, validated in testing carried out by the Institute for Solar Energy Research (ISFH) in Hamelin, Germany, was achieved on M6 (274.4cm2) full-size monocrystalline silicon wafers, marking a new breakthrough in efficiency for large-size monocrystalline silicon photovoltaic cells. Through consistent technological innovation, LONGi, the world’s leading solar technology company, has achieved continual breakthroughs in PV conversion efficiencies, breaking the world record for HJT cell efficiency twice in one week in…

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