Author: Admin

“Global Optimism Trends Revealed: Gallup International’s Year-End Survey Highlights Pakistan’s Resilient Outlook”

Admin
Global-Optimism

Karachi – The latest findings from the renowned Gallup International Association’s annual End of Year Survey have unveiled intriguing insights into global sentiments, with Pakistan emerging as a noteworthy focal point. In a tradition spanning over four decades since 1978, the survey, conducted across 42 countries with a robust sample size of 40,428 respondents, aimed to capture the pulse of the public as the world bid farewell to another year. Optimism Trumps Pessimism in Pakistan:Despite grappling with various challenges, the survey paints a picture of resilience in Pakistan, with a…

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Nepra okays second tariff hike for Karachiites

Admin
Nepra-tariff

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday approved a second increase in power tariff within a week for the consumers of K-Electric. The regulator, on a request by the Karachi-based power utility, gave the approval of Rs2.87 per unit hike, which comes as part of a quarterly tariff adjustment (QTA) from January to March 2023. The decision has been forwarded to the federal government for notification. This is the second time Nepra has hiked power tariff under the quarterly adjustment, the first one at the request of…

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SolaX Power, a Pioneering Force in Solar and Storage Solutions, Successfully Executes its Initial Public Offering (IPO)

Admin
SolaX-Power

On January 3, 2024, SolaX Power, an industry trailblazer in the solar and storage sector, is pleased to announce the successful culmination of its Initial Public Offering (IPO) and subsequent listing on the Shanghai Stock Exchange STAR Market, trading under the stock code 688717. This notable accomplishment marks a pivotal milestone in the company’s decade-long trajectory. Founded in 2012, SolaX Power is dedicated to actualizing a clean and sustainable future through solar energy. As a leading global provider of solar and storage solutions and one of Asia’s pioneering hybrid inverter…

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Kidney Hill becomes first solar powered park in Karachi

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Kidney-Hill

Kidney Hill has become the first-ever park in Karachi which will use solar panel-generated electricity.Solar panels with a combined capacity of 100 kilowatts (KWs) have been installed in the park which will generate fuel-free energy. The project is aimed at coping with energy woes and producing environmentally friendly energy.Mayor Karachi Murtaza Wahab shared a post on his X handle saying “work related to solar panel placement for 100 KWs electricity production has been completed.” Nevertheless, solar panels will start producing energy after the completion of wiring.“Wiring work with inverter is…

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Refiners cry foul as govt seeks fresh legal advice on upgrade policy

Admin
Parco-board

ISLAMABAD: Pakistan’s oil refining sector is unhappy with the government’s move to hire a new local law firm to review the implementation of a policy and Joint Escrow Account Agreement aimed at upgrading the country’s ageing refineries, saying it will cause further delays and uncertainty. The Petroleum Division, in a letter dated Dec. 25, 2023, told the local refineries that the law firm would provide a report on the alignment of the legally binding clauses of the proposed Upgrade Agreement with the laws, rules and regulations under the Pakistan Oil…

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