Month: April 2024

UAE Consul General Announces Multi-Sector Investments in Pakistan

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Consul-General

In a recent ceremony at Karachi Port, UAE Consul General Bakhit Atiq al-Rumithi pledged substantial investments in various sectors across Pakistan. Highlighting the UAE’s commitment to Pakistan’s development, Al-Rumithi emphasized plans for investments beyond ports, including railways, infrastructure, and other key areas. The ceremony marked the payment of $50 million to Karachi Port by Karachi Gateway Terminal (KGTL) under their contractual agreement. Al-Rumithi noted Pakistan’s significant investment potential, citing the country’s favorable business environment and the presence of 17 million Pakistanis in Dubai. He expressed confidence in Pakistan’s growth prospects…

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Wind Overtakes Fossil Fuels as the UK’s Largest Power Generation Source

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wind-energy

The UK saw two consecutive quarters of wind power overtaking fossil fuels as the single-largest source of electricity generation for the first time, per data from think tank Ember quoted by Reuters columnist Gavin Maguire. In the first quarter of 2024, wind-generated a total of 25.3 terawatt hours (TWh) of Britain’s electricity, higher than the 23.6 TWh generated from fossil fuel sources, Ember data showed. As a result, wind power generated an average of 39.4% of the UK’s electricity between January and March 2024, versus a 36.2% share of fossil fuel…

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Murad extols historic Pak-Iran ties during presidential welcomeSindh CM advocates regional cooperation, urges unity on Palestine, Kashmir

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Pak-Iran

Sindh Chief Minister Syed Murad Ali Shah remarked on the longstanding ties between Pakistan and Iran, highlighting the significance of commencing the journey of regional development from the land of Sindh. He expressed these sentiments during a grand and dignified ceremony held at the Chief Minister House to welcome the esteemed Iranian President, HE Seyyed Ebrahim Raisi. Shah emphasized the honor he felt in welcoming President Raisi, a longstanding friend and benefactor of Pakistan. Acknowledging the historical relations between the two nations, Shah extended warm regards from the people of…

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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, Trina Solar, Longi Solar, Tongwei Solar, Astronergy, Chint LV products, Leoch Battery, and Pilot Batteries. With this collaboration, BYD is poised to make a substantial impact in Pakistan’s clean energy…

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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 and Unity Foods Limited, in collaboration with OICCI (Overseas Investors Chamber of Commerce and Industry), with Faysal Bank Limited as the Platinum partner, and InfraZamin Pakistan as the strategic partner.…

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