Day: January 27, 2024

International Day of Clean Energy celebrated

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New-Project2

WWEA says Pakistan well on track for maximum utilization of its massive clean power potential Karachi The World Wind Energy Association (WWEA) has said that Pakistan is well on track in making progress to increase the production of clean electricity as the drive should continue to take advantage of an abundance of renewable power sources available in the country. WWEA Secretary General, Stefan Gsanger, appreciated Pakistan’s drive to maximize the utilization of massive indigenously available wind and solar power sources as he spoke as the guest of honour at an…

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Power Div, AJ&K lock horns over electricity rate

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power-gride

ISLAMABAD: Power Division and AJ&K government are said to have locked horns on the rate of electricity for AJ&K as the latter has been provided 350-MW electricity at the rate of Rs 2.59 per unit for 15 years, well informed sources in Ministry of Water Resources told Business Recorder. Sharing the details, the sources said, the second meeting of the Inter-Ministerial Committee was held under the chairmanship of Federal Minister for Defence Lt General Anwar Ali Hyder (retired) on January 18, 2024. Prime Minister AJ&K along with his team attended the…

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Electric bikes gain popularity

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Electric-bikes

500% savings per km, no maintenance drive the surge in sales KARACHI: Out of a total of 18 Electric Vehicle (EV) motorbike brands, ten have been gaining more popularity compared to fuel-driven bikes in the market. Another eight brands are expected to emerge in March, according to experts and analysts. “Ten branded companies have started selling EV motorbikes, while another eight firms will come up with their products in the middle of March, as the Engineering Development Board (EDB) has already issued licenses to 34 companies, including electric rickshaws. Over…

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ARL plans shutdown for maintenance

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New-ARL

KARACHI: Attock Refinery Ltd (ARL) is planning the refinery turnaround to carry out essential maintenance from Feb 10 for about a month. In a stock filing on Friday, the company said some of the existing units of the refinery would be shut down which would result in a reduction of the refinery’s throughput to around 40pc. Atlas Honda profit surges: Amid a turbulent 2023 for the entire auto sector and multiple price increases, Atlas Honda Ltd (AHL) profit surged 78.57 per cent to Rs2.5 billion during the quarter ending December…

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Petrol, diesel prices may go up by Rs9 per litre

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Petroleum-prices

ISLAMABAD: The prices of petrol and high-speed diesel (HSD) are estimated to go up by Rs5-9 per litre on Jan 31 for the next fortnight owing to higher international prices and import premiums, nullifying an impact of minor exchange rate gains. Informed sources said the prices of both major petroleum products – petrol and HSD – had increased in the international market over the past fortnight and Pakistan State Oil (PSO) also had to pay higher import premiums even though the rupee had gained against the US dollar. As a…

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