Month: September 2023

Fuel price hike likely to ‘disrupt’ SBP inflation range

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petrol-price

KARACHI: The unexpected massive increase in petrol and diesel prices was widely felt as inflationary at the retail level and the State Bank of Pakistan (SBP) may have to review its decision of leaving the key interest rate unchanged. Many analysts believe that the inflation would be in the range of 30-31 per cent in the ongoing month which is against the SBP’s expectation to bring it down to 20-22pc. After keeping its policy rate unchanged at 22pc by the central bank on Sept 14, the government increased the petroleum prices by over Rs26…

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Missed opportunities of delayed oil refining policy

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fuel-oil

KARACHI: Timing is of the essence in policymaking. A well-timed decision can yield optimal results. Although delays might bring benefits, they can also do considerable damage. Reflecting on the recently introduced oil refining policy for both existing and new projects, one can’t help but wonder about the lost opportunities that might have been seized with more proactive decision-making. Currently, Pakistan has five oil refineries with a combined potential to produce approximately 20 million tonnes of petroleum products annually, including diesel, petrol, furnace oil, and jet fuel. However, a myriad of…

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Solis Showcases Cutting-Edge S6 Technology Range at Solar Pakistan Exhibition & Conference 2023

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Solis-Showcases

[Karachi, Pakistan – September 14, 2023] – Solis, renowned as the third-largest inverter manufacturer worldwide, marked a significant milestone at the Solar Pakistan Exhibition & Conference 2023, held from September 7 to 9 at the Karachi Expo Centre. The event saw the introduction of Solis’ highly-anticipated S6 technology range to the Pakistani market for the very first time. The S6 technology range by Solis is a versatile and innovative solution designed to cater to a diverse array of applications, including residential, commercial, and utility-scale solar projects. The highlight of this…

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Caretakers Government increased Petroleum Prices Again, Petrol Hits Rs. 331.38 Per Liter

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petrol-price

The caretaker government has announced the third hike in the prices of petroleum products since assuming power last month.The price of petrol has been increased by Rs. 26.02 per liter to Rs. 331.38 , while the price of high-speed diesel has gone up by Rs. 17.34 per liter to Rs. 329.18.Its highest increase in the history of Pakistan and off course all prices of commodities and services will go up and out of control for the government. People of Pakistan already facing price hike , inflation and inflated electricity bills

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