Year: 2023

Gas price hike fuels short-term inflation to 42pc

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Gas-tariff

• Annual change in SPI crosses 40pc for first time since early June• Gas charges rocket 1,100pc year on year ISLAMABAD: A massive increase in gas prices drove the annual short-term inflation to above 40 per cent for the first time in over four months, official data showed on Friday. The inflation reading stood at 41.9pc for the week ending Nov 16, the Pakistan Bureau of Statistics (PBS) said, mainly because of over 1,100pc increase in gas charges compared to a year ago. Other items whose prices increased the most…

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

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Electric-Vehicles

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 EVs policy, said Asim Ayaz, General Manager Policy, Engineering Development Board (EDB). “One or two companies are working on EV four wheelers. However, no formal request has been received so…

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

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New-Solis

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. As Uzbekistan actively embraces renewable energy development, transforming households, industrial parks, and commercial buildings is a key element. Solis offers advanced technical solutions for residential, industrial and commercial projects, and…

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IMC generates 4.5MWs solar energy to increase its green energy share: Jamali

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solar-panel

ISLAMABAD-Chief Executive Indus Motor Company Ali Asghar Jamali has said that IMC has been using the largest solar plant by any automobile company in the country with 4.5MWs energy generation as they are committed to increase green energy’s share in their overall energy consumption.He was speaking at the “Champions of Change: A Dialogue with the Private Sector” conference held here on the severe impacts of emissions on Pakistan’s health, lives, and the environment. “Toyota’s global commitment is to go carbon neutral by 2035 and reaching out to net zero emissions…

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PRL, Ogra seal pivotal agreement under Brownfield Refinery Policy

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PRL-Ogra

Islamabad-Pakistan Refinery Limited (PRL) has become the first one to sign agreement with Oil and Gas Regulatory Authority (OGRA) and under Brownfield Refinery Policy, while other have refused to go ahead with a plan owing to differences over draft of agreement.In a landmark development aligning with Pakistan’s refining policy, the Oil and Gas Regulatory Authority (OGRA) and Pakistan Refinery Limited (PRL) have officially inked a pivotal upgrade agreement Thursday, said a spokesperson for OGRA. Brownfield Refinery Policy was approved by the Federal Cabinet on August 8, 2023, aiming to encourage…

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