Year: 2023

Afghanistan, Iran, Russia: Country outlines process for barter trade

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Afghanistan-border

Govt tries to manage balance of payments crisis amid record inflation KARACHI: Pakistan has passed a special order to allow barter trade with Afghanistan, Iran and Russia for certain goods, including petroleum and natural gas, the Ministry of Commerce said on Friday. Left with barely enough foreign exchange reserves to cover one month’s imports, Pakistan’s government is desperately trying to manage a balance of payments crisis and curb inflation after it hit a record of nearly 38% last month. The government order, called the Business-to-business (B2B) Barter Trade Mechanism 2023…

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$700m Dasu transmission line: Senate panel smells a rat in NTDC’s contract process

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Transmission-Line

ISLAMABAD: The Senate Standing Committee on Power on Friday again accused the National Transmission and Despatch Company (NTDC) of “tailoring” prequalification criteria and tender documents of $700 million 765-KV double circuit Dasu transmission line in connivance with the beneficial companies and World Bank representative. Senator Saifullah Abro, the committee Chairman also hinted that he would write a letter to World Bank Pakistan Mission on behalf of the Committee members aimed at pointing out wrongdoings in the contracts awarded to consultants and contractors as neither the consultants or contractors meet the…

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Featuring Hi-MO 7 Module, LONGi Shows Up at the SNEC with Full Scenario Product Portfolio

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LONGi-Shows

On May 24, the annual SNEC officially kicked off in Shanghai. As the “record-holder” of the highest efficiency in the solar industry, LONGi globally releases Hi-MO 7, a new product based on HPDC technology. The product maintains the standard M10 module size, with a mass production power of 580 W and a conversion efficiency of 22.5%. It is an ultra-high-value modular product created by LONGi for large ground power stations around the world, ushering in the “Terawatt Era” again with integrated innovations. So far, LONGi has formed a multi-dimensional product…

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Growatt Shines at SNEC Exhibition with Top Brand Awards and Cutting-Edge Solutions

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Growatt

Growatt Shines at SNEC Exhibition with Top Brand Awards and Cutting-Edge Solutions June 2, 2023 Growatt, a world-renowned provider of distributed energy solutions, has concluded its successful participation at the SNEC PV Power Expo in Shanghai. The company’s achievements were highlighted by its receipt of the Top Brand PV 2023 award from EUPD Research, along with the showcase of an impressive array of cutting-edge energy solutions. Top Brand PV Awards The Top Brand PV 2023 award further solidifies Growatt‘s leading status in the industry, with a dominant presence in the…

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Inflation rockets to record 38pc in May

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Inflation-rockets

ISLAMABAD/KARACHI: Pak-istan’s inflation rate soared to a new all-time high of 38 percent in May 2023, making it the highest in the region.This remarkable level has not been witnessed in the nation since the commencement of comparable records in 1957. The inflationary surge, which escalated from the previous month’s rate of 36.4 percent, can largely be attributed to an unprecedented increase in food prices. Inflation in the month of May last year was 13.76 percent. Notably, there was a 1.6 percent increase in the consumer price index (CPI) compared to…

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