Day: October 23, 2024

Pakistan records 164pc increase in Chinese FDI in Q1 FY 2024-25

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china-pak

ISLAMABAD: In the first quarter of fiscal year 2024-25, Pakistan attracted $404 million in foreign direct investment (FDI) from China, with a notable contribution of $224.8 million in September alone. According to the latest statistics from the State Bank of Pakistan (SBP), the country received a total of $903.5 million in FDI from various countries between July and September 2024, with China leading the pack, accounting for 44.8% of the total. Additionally, Hong Kong contributed $101.7 million to Pakistan’s FDI during this period. Other significant investments came from the United…

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Pakistan earns US $111m from travel services’ export in Jul-Aug

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travel services export

ISLAMABAD: Pakistan earned US $111.313 million by providing different travel services in various countries during the two months of the fiscal year 2024-25. This shows an increase of 4.99 per cent as compared to the US $106.020 million worth same services provided during the corresponding months of the last fiscal year 2023-24, the Pakistan Bureau of Statistics (PBS) reported. During the months under review, personal travel services increased by 4.82 per cent, from US $104.380 million last year to US $109.411  million during July-August 2024-25. Among these personal services, the…

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Pakistan’s power generation falls by 6% in September as costs soar and solar adoption rises

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power sector

With a 6% YoY drop in power generation, Pakistan faces rising fuel costs and an increasing shift toward solar energy, as more consumers move off-grid to combat high electricity prices Power generation in Pakistan fell to 12,487 GWh in September 2024, marking a 6% year-on-year decline compared to the 13,339 GWh produced in the same month last year. On a monthly basis, power generation dropped 5.3% from August’s total of 13,179 GWh. Experts attributed the drop in production to weakened economic conditions, as well as an increase in solar power…

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Pakistan set to generate 60pc of its energy from RE sources

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Hope-wind

QINGDAO: Federal Minister for Power Sardar Awais Ahmad Khan Leghari on Wednesday said that Pakistan has set an ambitious goal to generate 60 per cent of its energy from renewable energy (RE) sources, reflecting its commitment to sustainability. Addressing at the opening ceremony of the Third Belt and Road Energy Ministerial Conference here, the minister underscored Pakistan’s commitment to renewable energy and stressing the importance of global cooperation in the energy sector, said a press release. Pak sets ambitious goal to generate 60% energy from RE: AwaisAwais Leghari outlined Pakistan’s…

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Awais Ahmad Khan Leghari Highlights Pakistan’s Renewable Energy Goals at the Opening Ceremony of the Belt and Road Energy Conference

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energy-sector

Federal Minister for Power Sardar Awais Ahmad Khan Leghari, addressed the opening ceremony of the Third Belt and Road Energy Ministerial Conference, underscoring Pakistan’s commitment to renewable energy and stressing the importance of global cooperation in the energy sector. “I extend my congratulations to the Chinese National Energy Administration for successfully hosting this important conference,” Awais Leghari remarked. He acknowledged the role of the Belt and Road Energy Partnership (BREP) in strengthening energy infrastructure and promoting sustainable economic growth through energy trade. The Federal Minister said that our collaboration with…

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