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Day: April 23, 2024

BYD, World’s Largest Battery Manufacturer, Joins Forces with Diwan International to Introduce High-Performance Lithium-ion Batteries in Pakistan

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Karachi: “Global leader in battery manufacturing, BYD, has announced a strategic distribution partnership with Diwan International Pvt Ltd, Pakistan’s largest solar component distributor, to supply premium Lithium-ion batteries for solar systems in Pakistan. This partnership marks a significant milestone in the country’s renewable energy sector, as Diwan International expands its portfolio of esteemed partners, including Huawei Solar Inverter, Jinko Solar,…

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LIIBS 7th Edition, Unites Stakeholders for Collaborating for Growth

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Islamabad, April 23, 2024: The 7th Edition of LEADERS IN ISLAMABAD BUSINESS SUMMIT (LIIBS) kicked off with a full house at a local hotel in Islamabad.  More than 15 global speakers and 1000+ delegates were present at the event to unlock growth opportunities and collaborate for mutual benefit and advancement. The 7th Edition of LIIBS is jointly hosted by Nutshell Group…

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Pakistan, Iran sign 8 agreements, MoUs: Trade volumes to be hiked to $10bn in 5 years

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New-iran

ISLAMABAD: Pakistan and Iran have agreed to increase the volume of bilateral trade to $10 billion in the next five years following the signing of as many as eight agreements and memorandums of understanding (MoUs) for cooperation in different areas. Speaking after witnessing the signing of the agreements and MoUs between the two sides, Prime Minister Shehbaz Sharif said that…

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Gas crisis looms as line pack pressure hits dangerous level

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New-RLNG

ISLAMABAD: The country’s system line pack has once again increased alarmingly to 5.070 billion cubic feet per day (bcfd), putting the whole gas transmission line under severe stress. This is mainly due to the lower utilisation of regulated liquefied natural gas (RLNG) by the power and industrial sectors. To decrease the line pack pressure, Sui gas companies are excessively diverting…

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Pakistan Faces Dire Climate Threats, World Bank Warns

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Climate-Threats

The threat of climate change exacerbates existing vulnerabilities within Pakistan, amplifying risks to livelihoods, food security, and water resources. The World Bank has sounded the alarm, highlighting Pakistan’s acute vulnerability to the ravages of climate change. In a recent report titled “Second Resilient Institutions for Sustainable Economy: Climate Change Technical Note,” the global financial institution underscored that the South Asian…

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Chronic power defaulters: Govt faces challenging task of over Rs1trn recovery

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power-sector

ISLAMABAD: The federal government has the challenging task of recovering the huge amount of over Rs1 trillion from chronic running defaulters of five power Distribution Companies (Discos) of Sindh, Khyber Pakhtunkhwa (KP) and Balochistan.Last week, Minister for Power, Sardar Awais Ahmad Khan Leghari at a press conference revealed that total stock of receivables stood at Rs 1.9 trillion as of…

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Pak-Iran trade volume ‘unacceptable’, to be increased to $10bn: Raisi

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Iran-Pakistan

Iran and Pakistan have decided to increase the trade volume between the two countries to $10 billion, Iranian President Ebrahim Raisi said on Monday, adding that the existing volume was “not acceptable”.Raisi — who is currently on a three-day visit to Pakistan — made the remarks during a joint press conference alongside Prime Minister Shehbaz Sharif after the two held…

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PM urges cut in plastic use on Earth Day

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Earth-Day

Shehbaz Sharif noted that Pakistan was among one of the most climate-vulnerable countries ISLAMABAD: Pakistan, along with nations worldwide, observed International Earth Day on Monday, focusing on the theme ‘Planet vs Plastics’ to raise awareness about plastic usage, its environmental impacts, and the imperative to reduce dependency, aiming for a plastic-free Earth.Prime Minister Shehbaz Sharif, in his message on the…

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Refineries oppose Ogra’s pricing deregulation model

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OGRA

ISLAMABAD: Strongly opposing the petroleum pricing deregulation model suggested by the Oil and Gas Regulatory Authority (Ogra), the oil refineries have started shutting down their refining units due to storage constraints caused by declining sales of domestic products and the rising influx of smuggled products throughout the country.“Why would oil marketing companies (OMCs) lift oil product from refineries, involving a…

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