Month: October 2024

Petrol, Diesel Prices Likely to Drop by Up to Rs3 Per Litre Starting November

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Petrol-Diesel

ISLAMABAD: Prices for petrol and high-speed diesel (HSD) are expected to decrease by Rs2 to Rs3 per litre from November 1, due to a slight decline in global oil rates. According to informed sources, international market prices for petrol and HSD fell by approximately $1.5 and $2.5 per barrel over the past two weeks, potentially bringing local prices down by Rs3 and Rs2.30 per litre, respectively, depending on exchange rate adjustments and current tax rates. With the government’s notification pending, new prices are projected to take effect on November 1.…

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Bluetti Unveils New EP2000 & B700 Residential Energy Storage System for Full Home Independence

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Solar-Home

Bluetti has introduced its latest residential energy storage solutions, the EP2000 and B700, designed to deliver secure, cost-effective, and efficient power independence for homeowners. Featuring up to 20kW output and 30kW solar input capacity, the EP2000 can achieve 100% energy self-sufficiency, helping users significantly reduce electricity costs and enhance energy reliability. The EP2000 offers customizable power configurations—10.5kW, 15.5kW, or 20kW—and expandable battery storage from 14.7kWh to 51.6kWh to fit diverse household needs. It can be scaled up to three units, achieving 60kW output and 154.8kWh storage, making it suitable for…

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Israeli army blows up houses in Lebanon’s border village

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Israeli army blows up houses

BEIRUT: Lebanese state media said the Israeli army dynamited houses in Lebanese border villages on Saturday, as Israel said it used 400 tonnes of explosives to destroy a Hezbollah tunnel, more than a month into an all-out war. The official National News Agency said “the army of the Israeli enemy has since dawn blown up and destroyed houses” in the border village of Adaisseh. The NNA also reported “large explosions” in the border village of Kfar Kila, saying the blasts were heard across the south as columns of smoke rose above the area. Israeli…

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Germany and India Strengthen Defence and Green Energy Ties

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Germany-India

New Delhi: German Chancellor Olaf Scholz, in talks with Indian Prime Minister Narendra Modi, expressed Germany’s aim to deepen defence collaboration and enhance military ties with India. Traditionally distant in defence, Germany is now positioning itself as a partner in India’s effort to diversify from its historical reliance on Russian arms, aligning with broader Western efforts to counter China’s regional influence. Scholz emphasized a need for increased cooperation and, along with several German ministers, highlighted Germany’s strategic interest in India’s vast market as a balance to China. German company Thyssenkrupp…

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OGDCL Reports Rs41 Billion Quarterly Profit Amid Operational Challenges

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ISLAMABAD: Oil and Gas Development Company Ltd (OGDCL) posted a solid quarterly profit of Rs41 billion, despite citing an estimated Rs15 billion reduction in potential profit due to decisions from public-sector entities Mari Petroleum Company Ltd (MPCL), Sui Northern Gas Pipelines Ltd (SNGPL), and Uch Power Ltd. The board of directors, convening on Friday, reported net sales of Rs106.01 billion with earnings per share (EPS) of Rs9.54 for the quarter ending September 30. The company noted a Rs9.5 billion tax expense on MPCL’s bonus shares and a Rs5.23 billion financial…

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