Month: June 2024

Govt Targets Rs1.28 Trillion in Petroleum Development Levy Collection

Admin
petroleum-group

ISLAMABAD: The federal government has set an ambitious target to collect Rs1.28 trillion through the petroleum levy for the fiscal year 2024-25, marking a 47.4% increase over the previous year’s goal. In the outgoing fiscal year, the government collected Rs960 billion from the petroleum levy, surpassing the original target of Rs869 billion. The upcoming fiscal year projects an additional Rs321 billion in collections. Furthermore, Rs28 billion is expected to be collected from the levy on crude oil, matching the amount collected this year despite an original target of Rs35 billion.…

Read More

Power Sector Receives Major Share of Rs1.36 Trillion in Subsidies

Admin
power-subsidy

ISLAMABAD: The federal government has significantly increased subsidies for the merged districts of former FATA in Khyber Pakhtunkhwa and enhanced food subsidies for the Gilgit-Baltistan region. In the upcoming federal budget for 2024-25, Rs86 billion has been allocated for power subsidy arrears in erstwhile FATA, with an additional Rs65 billion set aside for power subsidies. This marks a notable increase from the Rs25 billion allocated in the outgoing fiscal year, of which Rs39 billion was disbursed. Overall, the government has allocated Rs1.36 trillion in subsidies for the next fiscal year,…

Read More

CETC-Red Solar to Unveil Advanced Photovoltaic Innovations at SNEC 2024

Admin

CETC-Red Solar, a leading solar manufacturer in the photovoltaic industry, is set to showcase its cutting-edge smart photovoltaic cells and customized modules, flexible photovoltaic components, Turnkey solution and production lines, and comprehensive EPC services at the much-anticipated SNEC 2024 in Shanghai. Join us from June 13 to June 15, 2024, at Booth D790, Hall 3, located in the prestigious National Exhibition and Convention Centre (Shanghai), China. Leveraging the impressive expertise of CETC’s extensive technical team, CETC-Red Solar is at the forefront of solar innovation. Our smart photovoltaic solutions exemplify the…

Read More