Day: June 15, 2026

The Federal Board of Revenue (FBR) has clarified that no new taxes have been imposed on solar panels in the federal budget 2026-27, while noting that the rising adoption of solar energy has helped ease pressure on electricity prices for consumers. Speaking during a technical briefing on the budget, FBR officials said the measures introduced were focused largely on enforcement and broadening the tax base rather than imposing significant new taxes. FBR Member Inland Revenue Hamid Atiq Sarwar said the budget does not include any fresh taxation on solar panels,…

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China has successfully completed and commissioned the Guohua Rudong integrated solar-hydrogen-storage project in Jiangsu province, marking a major milestone in its push to combine large-scale renewable energy with battery storage and green hydrogen production. Developed by China Energy Investment Corporation (CHN Energy), the facility is located in the Yudong reclaimed tidal-flat area near Yangkou Port in Rudong county, Nantong. The company describes it as the country’s largest integrated project of its kind, combining solar generation, energy storage, hydrogen production and end-use applications. The project features a 400 MW coastal solar…

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Pakistan is set to add 3,787 megawatts of electricity generation capacity during FY2026-27, alongside a series of major investments aimed at strengthening transmission, expanding access, and improving overall grid stability. The power sector development programme includes focused investments in distribution infrastructure, with Distribution Companies (DISCOs) expected to electrify 15,327 villages and provide 1,689,849 new electricity connections during the fiscal year. This expansion is aimed at significantly improving electricity access in both urban and rural areas across Pakistan. To support rising demand and system reliability, the distribution network will be upgraded…

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Business leaders have offered a cautious and mixed response to the federal budget for fiscal year 2026-27, stressing that high energy tariffs, elevated tax rates and persistent policy uncertainty continue to discourage investment and slow economic growth. The assessment came during a special Geo News post-budget transmission on Sunday, where economists and prominent business figures reviewed the government’s proposals and their potential impact on the economy and the public. The programme was hosted by senior anchor Shahzeb Khanzada and featured Arif Habib, Muhammad Ali Tabba, Zeelaf Munir and Ziad Bashir.…

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SINGAPORE: A liquefied natural gas (LNG) tanker chartered by India’s Petronet LNG has successfully crossed the Strait of Hormuz and is heading eastward following the recent peace agreement between the United States and Iran, according to ship-tracking data released on Monday. The vessel, Disha, loaded its LNG cargo at Qatar’s Ras Laffan export terminal on March 1-2 and had remained west of the strategically important waterway before resuming its voyage. Data from maritime intelligence firms Kpler and LSEG confirmed the tanker’s transit through the Strait of Hormuz, a critical global…

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