Day: May 15, 2024

Petrol price in Pakistan reduced by Rs15.39 per litre: Check May 2024 New Rates

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petrol-price

ISLAMABAD – The federal government government on Wednesday lowered price of petrol by Rs15.39 for May 2024, and the new rate stands at Rs273.1. The price of petrol, and diesel were lowered on the recommendation of Oil and Gas Regulatory Authority (OGRA). In a notification, the Finance Ministry said price of petrol move down up by Rs15.39 to Rs273.10 a liter, while that of diesel dropped by Rs7.88 to Rs.274.08 per litre. The drop in fuel prices comes in the backdrop of changes in international market rates. Petrol Price in Pakistan May 2024 Fuel Types Price Petrol Rs273.10…

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UBG Leaders Address Investor Challenges and Call for Government Action on Economic Stability

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New-UBG

KARACHI (PR) – Leaders of the United Business Group (UBG), including Patron-in-Chief SM Tanveer, President Zubair Tufail, General Secretary (Sindh) Hanif Gohar, and Core Committee Member Syed Mazhar Ali Nasir, have highlighted the significant challenges faced by investors in Pakistan and called for robust government policies to ensure economic stability. In a discussion with a delegation of businessmen and industrialists, UBG leaders outlined the obstacles impeding both foreign and domestic investment. They pointed to a lack of long-term policies, economic uncertainties, and an onerous tax regime as major deterrents. High…

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IRENA to Monitor UAE Consensus Renewable Energy and Efficiency Goals, Announce Annual Report Series

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Renewable-Energy

Abu Dhabi – COP28 President Dr. Sultan Al Jaber has officially tasked the International Renewable Energy Agency (IRENA) with creating an annual report series to monitor and recommend actions on the UAE Consensus renewable energy and energy efficiency goals set at COP28. The UAE Consensus aims to triple renewable power capacity and double energy efficiency by 2030, key measures in the global effort to address climate change and maintain the 1.5°C target. This initiative focuses on transitioning away from fossil fuels in an equitable manner, with a net-zero target by…

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Emirates Group Announces Record-Breaking Financial Performance for 2023-24

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Emirates-Group

The Emirates Group has reported its best-ever financial performance for the fiscal year 2023-24, achieving a record profit of AED 18.7 billion (US$ 5.1 billion), marking a significant 71% increase from the previous year. This achievement is complemented by record revenue and a record level of cash assets. Group revenue soared by 15% to an unprecedented AED 137.3 billion (US$ 37.4 billion), driven by robust customer demand across its diverse businesses. The Group ends the year with its highest-ever cash balance of AED 47.1 billion (US$ 12.8 billion). Additionally, the…

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GoodWe Maintains BBB MSCI ESG Rating in 2023

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Goodwe-new

GoodWe, a leading inverter manufacturer and smart energy solution provider, has received a ‘BBB’ rating in the latest MSCI Environmental, Social, and Governance (ESG) evaluation. According to the scorecard released by MSCI, GoodWe’s ESG performance in 2023 excelled in Opportunities in Clean Tech and Labor Management, evaluated in various aspects such as the clean tech innovation capacity, employee relations, strength of worker protections, among others. This marks the second consecutive year that GoodWe has maintained a BBB ESG rating, reflecting its ongoing commitment to sustainable development. The company took further…

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