Author: Admin

Visa’s Growing Services Business Infused with New AI-Powered Products

Admin
Growing-Services

·      Three new AI-powered solutions are added to Visa Protect suite to help block fraud ·      Among the newest services: a cutting-edge immediate payment fraud solution and expanded capabilities to mitigate fraud, agnostic to payment network ·      Growing usage across global services portfolio – Visa’s largest 265 clients now use an average of 22 of Visa’s value-added services products[1] Karachi, Pakistan – March 28, 2024 – Today, Visa (NYSE:V), a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of…

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WWEA Annual Report 2023: Record Year for Windpower

Admin

Bonn (WWEA) – The year 2023 ended with a new record for new wind turbine installations: In total, the world added 116’065 Megawatt of new capacity within one year, more than ever before. According to preliminary statistics published today by the World Wind Energy Association, global wind power capacity has now passed one million Megawatt and has reached 1’047’288 Megawatt – very close to the prediction published by WWEA in autumn 2023.  The volume of the capacity added is 34% higher than in 2022, when the world added only 86…

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Thatta Cat-III wind projects: PPIB develops ‘new arrangements’

Admin
wind-power

ISLAMABAD: Private Power & Infrastructure Board (PPIB) is said to have developed new arrangements for Category-III wind projects in Thatta, according to which K-Electric (KE) will purchase 300-MW electricity using its own transmission network, well informed sources in NEPRA told Business Recorder. This was revealed by Managing Director, PPIB, Shah Jahan Mirza in a letter to Chairman National Electric Power Regulatory Authority (Nepra), Waseem Mukhtar. According to sources, Managing Director stated that pursuant to the CCoE decision of February 27, 2019, subsequently approved by the Council of Common Interests (CCI) under…

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SIFC Raises Concerns Over UAE Focal Persons’ Response to RE Project Interest

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Renewable-Energy

The Special Investment Facilitation Council (SIFC) has expressed reservations regarding the lack of response from United Arab Emirates (UAE) focal persons to a company interested in renewable energy (RE) projects in Pakistan. In a letter addressed to relevant ministries, SIFC enclosed a letter from the Ministry of Foreign Affairs (MoFA), based on communication from Pakistan’s ambassador to the UAE, highlighting the issue. According to sources, the Foreign Office’s ambassador in Abu Dhabi held a meeting with the Abu Dhabi Development Holding Company (ADQ) focal person to discuss updates on seven…

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Iranian Firm Sunir Seeks PM’s Help for Outstanding Dues

Admin
Power-control

M/s Sunir, an Iranian firm, has reached out to Prime Minister Shahbaz Sharif seeking assistance in receiving payment for outstanding dues owed by the National Transmission and Despatch Company (NTDC). In a letter to the Prime Minister, Managing Director Hasan Gholinezhad highlighted Sunir’s completion of the Gwadar Pak-Iran 220KV interconnection transmission line, allowing for the import of an additional 100MW of electricity from Iran to the Gwadar region despite significant challenges such as security issues and adverse conditions. The company claims that, despite fulfilling their contractual obligations and beginning work…

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