Month: March 2025

Solis Marks 20 Years of Excellence with Bloomberg NEF Tier 1 Recognition

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Ginlong (Solis) Technologies, a global leader in solar inverter manufacturing, proudly celebrates its 20th anniversary with a prestigious Bloomberg NEF Tier 1 ranking for Q1 2025. This recognition reaffirms Solis’ commitment to innovation, reliability, and sustainability in the renewable energy sector. The BloombergNEF Tier 1 designation is awarded to manufacturers demonstrating financial stability, consistent product performance, and a proven track record in large-scale solar projects. This milestone further solidifies Solis’ leadership in Pakistan’s solar industry, offering high-efficiency solutions to meet the nation’s growing energy demands. “Achieving Tier 1 recognition in…

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Oil price cut to consumers: Govt urged to pass on benefit

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KARACHI: The world oil prices witnessed a big cut but our rulers didn’t pass on its benefit to the Pakistani masses, which is highly regretful, said Pasban Democratic Party (PDP) Chairman Altaf Shakoor here Sunday. He said when the world oil prices rise, the local oil prices are increased immediately by the government, but when these prices come down, the rulers instead of passing on their benefit to people decide to keep them unchanged. He said this is a great economic exploitation of our masses by their own government. He…

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Oil prices rise on US attack on Houthis and China economic hopes

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Oil prices

Brent futures rise 76 cents, or 1.1%, to $71.34 a barrel\ LONDON: Oil traded higher on Monday after the United States vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its assaults on shipping while Chinese economic data fuelled hopes for higher demand. US President Donald Trump launched military strikes against the Houthis on Saturday over the group’s attacks against Red Sea shipping. One US official told Reuters the campaign might continue for weeks. Brent futures rose 76 cents, or 1.1%, to $71.34 a barrel by 1315 GMT…

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Pakistan’s power generation falls 15% MoM, costs plunge 30% in February

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Power generation in Pakistan clocked in at 6,945 GWh in February 2025, a steep decline of 15% MoM compared to the previous month, suggesting a decline in economic activity. Back in January 2024, power generation stood at 8,153 GWh. On a yearly basis, power generation declined by 3% as compared to 7,130 GWh in the same month of the previous year. “This was the lowest monthly power generation in five years,” said JS Global. Electricity generation in February fell to its lowest level since March 2020, when it stood at…

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OGDCL Announces Significant Gas and Condensate Discovery at Soghri North-1 Well in Attock, Punjab

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ISLAMABAD, March 17, 2025: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has announced a significant Gas and Condensate discovery at its Soghri North-1 well in the Soghri Block, located in the Attock district of Punjab. OGDCL is the sole of the Soghri Exploration License, with a 100% working interest.The Soghri North-1 well was spudded on May 21, 2024, as part of OGDCL’s ongoing commitment to exploring Pakistan’s hydrocarbon potential. Drilled to a total depth of 4,942 meters in the Patala Formation, the well underwent…

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