Author: Admin

Caretakers Government increased Petroleum Prices Again, Petrol Hits Rs. 331.38 Per Liter

Admin
petrol-price

The caretaker government has announced the third hike in the prices of petroleum products since assuming power last month.The price of petrol has been increased by Rs. 26.02 per liter to Rs. 331.38 , while the price of high-speed diesel has gone up by Rs. 17.34 per liter to Rs. 329.18.Its highest increase in the history of Pakistan and off course all prices of commodities and services will go up and out of control for the government. People of Pakistan already facing price hike , inflation and inflated electricity bills

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Chinese firm to establish electric vehicle plant in Pakistan

Admin
electric-vehicles

ISLAMABAD: A Chin­ese electric car manufacturing company has announced establishing an electric vehicle (EV) plant in Pakistan and chain of showrooms in major cities of the country. This announcement was made by a delegation of XinjianJingyi Cheng Group, led by its assistant chairman GU Xongquan, during a meeting with FPCCI Vice President Amin Ullah Baig here on Thursday. Mr Baig, who is also chairman of the FPCCI Capital Office, held an extensive discussion with the Chinese firm’s team on the investment landscape of Pakistan. Mr GU said entering the Pakistani…

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World needs $2.7tr for net zero emissions

Admin
wind-energy

Report says most countries are not on track to even meet emissions targets by 2030 LONDON: Global investment of $2.7 trillion a year is needed to achieve net zero emissions by 2050 and avoid temperatures from rising above 1.5 degrees Celsius this century, a report by consultancy Wood Mackenzie said on Thursday. Scientists have said the world ideally needs to limit global average temperature rise to 1.5C this century to avoid catastrophic effects from climate change. Many governments have pledged to reduce emissions to net zero by mid-century to help…

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Summary seeking up to 50pc raise in gas sale prices re-submitted

Admin
gas-prices

Interim Minister for Energy, Muhammad Ali says increase in gas rates ahead of winter was inevitable to contain the gas-sector circular debt ISLAMABAD: Petroleum Division has re-submitted a summary for upto 50 percent raise in gas sale prices to the interim cabinet in-line with the demand of the International Monetary Fund (IMF), an official of Petroleum Division told Business Recorder on condition of anonymity. “It is most likely that the interim cabinet will approve the sale price of gas for 12 categories of protected and non-protected consumers in the current month (September),”…

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RfP for solar PV project: PPIB seeks revision in indexation, adjustment formula

Admin
solar-panel

ISLAMABAD: The Private Power Infrastructure Board (PPIB) has sought revision in indexation/adjustment formula, taking into account the one-time adjustment of 20 percent of the bid tariff at Commercial Operation Date (COD) for exchange rate variation, well-informed sources told Business Recorder. The PPIB, in a letter to the National Electric Power Regulatory Authority (NEPRA) has cited reference of correspondence of NEPRA’s of September 6, 2023, whereby the decision on the PPIB’s review motion for amendment to the Request for Proposal (RfP) has been issued in line with the Framework Guidelines for Fast…

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