Pakistan, Iran agree to jointly develop IP gas pipeline implementation plan


Pakistan and Iran have decided to revive their stalled cooperation on the Iran-Pakistan (IP) gas pipeline project, which has been languishing for years due to the fear of US sanctions. The two countries will start formal negotiations within the next few weeks. This was the outcome of the recent visit of Pakistan’s Interim Energy Minister Muhammad Ali to Tehran, where…

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Solar plan could save $2 billion a year in LNG imports, expert says


ISLAMABAD: An energy expert claims he has a realistic and workable plan to slash the country’s reliance on liquefied natural gas imports by up to 50 percent gradually in the next three years and reduce its massive power sector debt by using solar energy. Eng Arshad H Abbasi, co-Founder of Energy Excellence- Center NUST, Engineering University Peshawar said he has…

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PSA joins govt for 60% renewable vision by 2030


Stresses need for local private sector to take leading role in financing these projects LAHORE: The Pakistan Solar Association (PSA) has pledged its commitment to collaborate with the government of Pakistan to achieve the ambitious goal of generating 60% renewable electricity by 2030. The announcement was made by PSA Chairman Amir Chaudhry at the ‘Lets Grow Together’ event on Friday.…

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Pakistan needs $25b loans this FY: IMF


Lender doesn’t agree with growth, CAD projections ISLAMABAD: The International Monetary Fund (IMF) has revised Pakistan’s foreign loan requirements to $25 billion for this fiscal year — reducing it by $3.4 billion — and also lowered the economic growth projection to just 2%, turning down the government’s external as well as macroeconomic forecasts. Finance ministry sources said the IMF had…

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ADB okays $250m for power networks


ISLAMABAD: The Asian Development Bank (ADB) on Friday announced that it had approved $250 million in loans to Pakistan for improving its power transmission network in Punjab and Khyber Pakhtunkhwa to ensure reliable electricity supply. The project is aimed at helping the country achieve national grid stability, energy security, climate resilience and increased transmission capacity to deploy sufficient, reliable, clean,…

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EVs’ manufacturing licenses: two, three wheelers take front seat in Pakistan


A four-wheel EV manufacturer yet to approach govt for license under EV policy In Pakistan, 32 companies have so far received manufacturing licenses under the Electric Vehicles (EVs) Policy 2020–2025 and all of them are two and three wheeler manufacturers, a govt official told Business Recorder on Friday. No four wheel manufacturer has approached the government till date for the license under…

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Solis Shines in Uzbekistan: Advancing Solar Energy Solutions at UzEnergyExpo and UzStroyExpo


Ginlong (Solis), a renowned manufacturer of photovoltaic (PV) inverters and the world’s third-largest player in the solar energy sector, recently made a significant impact on Uzbekistan’s energy transition strategy. The company showcased its innovative solutions at the XVII International Exhibition UzEnergyExpo and the XII International Exhibition UzStroyExpo, both of which are well-attended by experts from the energy and construction industries.…

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