The Petroleum Dealers Association (PDA) has announced a nationwide strike this week in support of their demands. The association is demanding a 5% increase in the profit margin or commission per liter from the government. According to the Chairman of PDA, Abdul Sami Khan, they have already requested the government to increase the profit margin by 5%. The association’s stance…
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A Project of PEC Pakistan Development Committee It is one of the need awaited remarkable projects for engineering students and faculty, with the potential to revolutionize the learning methodology with familiarization and industrial practical exposure. This event was graced by renowned engineers, researchers, academicians and appraised by Engr. Lt Gen Kashif Nazir HI(M) as Chief Guest.“Day Trip Learning” will provide…
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Call to maximize solar power production in Pakistan to end energy woes of countrymen Karachi:Speakers at a conference emphasized the need to maximize solar energy production in Pakistan, especially by establishing utility-scale renewable energy projects to provide uninterrupted power supply to every household in the country at the cheapest rates.They were speaking at the 3rd International Solar Clean Energy Conference…
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Tata plans to invest Rs 42,576 crore in the new UK plant, which will be the company’s first gigafactory outside of India. Tata Sons today announced plans to establish a global battery cell gigafactory in the UK with a capacity to produce 40GW of cells annually. This investment of over £4 billion (Rs 42,576 crore) is an integral part of…
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Growatt continues to be the world’s largest residential inverter supplier according to S&P Global Commodity Insights
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Electricity prices in Europe fell into negative territory over the weekend as the region’s green-energy push resulted in an abundance of supply. On Saturday, prices for the following day dipped below zero in about a dozen countries, including Germany, France, the United Kingdom and the Netherlands, according to Epex Spot SE data cited by Bloomberg. In the Netherlands, prices for Sunday…
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KARACHI/ISLAMABAD: The oil industry and the Oil and Gas Regulatory Authority (OGRA) are at odds over the decision to lower the price of high speed diesel (HSD) by 2.4 percent for the second half of July, a move that the industry says violates the pricing formula agreed upon last year. The Oil Companies Advisory Council (OCAC) on Wednesday reiterated its…
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KARACHI: The Institute of Business Administration (IBA), Karachi successfully launched its report titled ‘The State of Pakistan’s Economy 2023-24 | Trials and Turmoil: Navigating the Interconnected Challenges of Politics, Economy, and Climate Change’. The report is authored by the esteemed faculty members of the Department of Economics, School of Economics and Social Sciences (SESS). The report provides a critical analysis…
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