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Day: December 21, 2023

SECMC pays Rs12bn royalty, Rs8bn profit to Sindh govt since its inceptionThar producing, adding 2640 MW in national grid: CM

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SECMC

Mithi (Dec 20): Sindh Engro Coal Mining Company (SECMC) has deposited Rs12 billion in royalty to the Sindh government accounts and paid Rs8 billion to the shareholders of the company- which means the government and the displaced persons who are paid Rs100,000 annually.This was disclosed in a meeting held under the chairmanship of Caretaker Sindh Chief Minister Justice (Retd) Maqbool…

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Adoption of modern technology will improve Pakistan’s economic indicators and significantly increase GDP

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GDP

Islamabad, December 21, 2023: “Pakistan can achieve higher GDP growth and improve economic indicators, by adopting technology at government and private level,” this was stated by Saquib Ahmad, Managing Director of SAP Pakistan, Iraq, and Afghanistan, while talking to media representatives at SAP’s Islamabad Office. He emphasized the significance of embracing innovative technological solutions to drive sustainability both locally and…

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Power tariffs for all raised by Rs1.15

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power-subsidy

• Karachi residents to pay Rs1.72 extra under quarterly tariff adjustment• Discos to rake in Rs22.3bn; lifeline consumers exempted from hike ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday approved an additional across-the-board charge of Rs1.15 per unit for electricity consumers throughout the country, including K-Electric, and also concluded the process of imposing another Rs1.72 per unit on…

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ECC okays Rs320bn for power firms

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Finance-Minister

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved payment of Rs320 billion to public sector power plants and K-Electric within a few days through supplementary grants and started phasing out export finance scheme to meet a condition of the International Monetary Fund (IMF). A meeting of the committee, presided over by caretaker Finance Minister Dr Shamshad…

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Power generation hits 33-month low

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power-sector

Reaches 7547GWh, declining 21% compared to month of October 2023 KARACHI: Power generation in Pakistan plummeted to a 33-month low, reaching 7,547 Gigawatt-hours (GWh) in November 2023. This decline was attributed partly to the onset of the winter season and, more significantly, to the overall economic slowdown in the country. The dip in power generation has intensified the burden of…

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Attock refinery resumes operations of two plants after OGRA intervention

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oil-refinery

ISLAMABAD: Attock Refinery Limited (ARL) has restarted its two crude distillation plants that were shut earlier this month due to low demand for its products, its managing director said on Wednesday. The plants, which process local crude oil from the Khyber Pakhtunkhwa (KPK) and Potohar regions, were closed on Dec. 11 as the refinery faced a glut of petrol and…

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Ginlong (Solis) Technologies: Pioneering Excellence in PV Inverter Brands with BNEF Tier 1 Recognition

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New-Solis

In the vibrant city of Ningbo, China, Ginlong (Solis) Technologies, recognized as one of the foremost and largest inverter manufacturers globally, proudly declares its inclusion in the esteemed BloombergNEF Tier 1 PV Inverter Manufacturers list for the fourth quarter of 2023. This noteworthy acknowledgment signifies a momentous achievement for Solis, highlighting the company’s unwavering dedication to excellence, innovation, and a…

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