Month: December 2024

Ministry Urged to Expedite Approval of Revised PC-1 for 2,160MW Dasu Project

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Dasu-Dam

ISLAMABAD: The Ministry of Economic Affairs (MoEA) has called on the Ministry of Water Resources (MoWR) to fast-track the submission and approval of the revised PC-1 for the 2,160MW Dasu Hydropower Stage-1 project. This step is critical to ensuring the timely signing and implementation of the loan and financing agreements, as per sources in the Economic Affairs Division (EAD). During negotiations with the World Bank on April 29, 2024, it was agreed to extend the project’s closing date to December 31, 2028. However, the pending approval of the revised PC-1…

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Russian LPG Prices Plummet by Half Amid Sanctions

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lpg

MOSCOW: Domestic liquefied petroleum gas (LPG) prices in Russia dropped sharply in December, halving compared to the previous month, due to a surge in supply following European Union sanctions that curbed exports, according to Reuters calculations. The EU sanctions on Russian LPG, effective December 20, were driven by proposals from Poland, historically one of Russia’s largest LPG importers. LPG, comprising propane and butane, is widely used as vehicle fuel, for heating, and in petrochemical production. The sanctions redirected significant volumes of LPG to the domestic market, causing wholesale prices to…

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Democracy thrives on dialogue: if dialogue can be initiated with an enemy country, why not with the perpetrators of May 9, says Murad Shah

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infrastructure

KARACHI (Dec 25): Sindh Chief Minister Syed Murad Ali Shah stated that democracy thrives on dialogue, if we can engage in dialogue with an enemy country, then we should also engage with those involved in the May 9 incident, as we see them as Pakistani citizens. “It is important to address those who have been misled and help them change their perspectives.” He said this on Wednesday while talking to the media at Mazar-e-Quaid, where he was joined by his cabinet members to pay tribute to Pakistan’s founder, Quaid-e-Azam Muhammad…

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Growatt Earns Top Brand PV Awards Across 15 Global Markets in 2024

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growatt-news

Growatt, a global leader in solar energy solutions, has once again solidified its position as a reliable and reputable brand in the renewable energy sector by winning the prestigious Top Brand PV Awards 2024 from EUPD Research. The company received this esteemed recognition in 15 markets, including South Africa, Africa, Nigeria, Mexico, Colombia, Brazil, Italy, UK, India, Pakistan, Poland, Netherlands, Australia, USA, and Southeast Asia. This achievement highlights the company’s dedication to delivering reliable and innovative energy solutions worldwide. EUPD Research, a renowned market research and consultancy organization specializing in…

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Gold prices see major decline in Pakistan

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gold price

The price of 24-karat per tola gold decreased by Rs800 and was sold at Rs272,600 on Tuesday against its sale at Rs273,400 the previous day. The price of 10-gram 24-karat gold also decreased by Rs685 to Rs233,711 from Rs234,396 whereas that of 10-gram 22-karat gold declined to Rs214,235 from Rs214,863, the All Sindh Sarafa Jewellers Association reported. The prices of per tola and 10-gram silver remained constant at Rs3,350 and Rs 2,872.08 respectively. The gold price in the international market decreased by $8 to $2,614 from $2,622, the association added.

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