Author: Admin

Cnergyico Strikes Historic Deal to Import First-Ever US Oil into Pakistan

Admin
New-oil

KARACHI/SINGAPORE, Aug 1: In a landmark move, Cnergyico, Pakistan’s largest oil refiner, will import 1 million barrels of US crude oil from global energy trader Vitol this October, marking the country’s first-ever purchase of American oil, company Vice Chairman Usama Qureshi told Reuters on Friday. The cargo of West Texas Intermediate (WTI) light crude will be loaded from Houston this month and is expected to reach Karachi in the second half of October. “This is a test spot cargo under our umbrella term agreement with Vitol,” Qureshi said. “If it…

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Fake Solar Panel Importers Fined Rs111 Billion for Massive Money Laundering Scam

Admin
solar energy

KARACHI, Aug 1: In one of the largest trade-based money laundering crackdowns in Pakistan’s history, the Directorate of Customs Post Clearance Audit has imposed fines totaling Rs111 billion on 13 fake companies involved in fraudulent solar panel imports. According to Shiraz Ahmed, Director of Post Clearance Audit Karachi, the penalty was handed down by Deputy Collector Dr. Iram Zahra after it was confirmed that the companies declared bogus solar panel imports worth Rs1.2 trillion to illegally transfer funds abroad. These firms also received Rs1.4 trillion in their bank accounts, including…

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Trump Slaps 19% Tariff on Pakistani Goods Amid Global Trade Crackdown

Admin
USA-Pak

WASHINGTON, Aug 1: US President Donald Trump has imposed a 19% tariff on imports from Pakistan — revised down from a previously proposed 29% — as part of a sweeping wave of new duties on dozens of countries, following the expiration of his self-imposed tariff deadline. The announcement came just a day after a Pakistani delegation led by Finance Minister Muhammad Aurangzeb concluded a trade agreement in Washington, DC, aimed at reducing tariffs. While the deal’s specific terms remain undisclosed, Trump said the US would assist Pakistan in exploring “massive…

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LIVOLTEK Unveils Advanced 125kW/261kWh BESS for Scalable C\&I Energy Storage Solutions

Admin
LIVOLTEK

LIVOLTEK, a key member of the Hexing Group, has introduced its latest breakthrough in commercial and industrial energy storage — the BESS-P125X261E / BESS-P125X261U from its BESS-125kW/261kWh Series. Engineered for high-demand applications such as EV charging stations, factories, industrial zones, and commercial facilities, the new system offers a robust, scalable solution for modern energy challenges. This high-performance Battery Energy Storage System (BESS) supports critical functionalities including emergency backup, peak-load shifting, surplus energy trading, and virtual capacity expansion. Its high-density modular design optimizes installation space, enhances mobility, and accelerates deployment—making it…

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Petrol, diesel prices announced for next fortnight

Admin
Petrol-Diesel

ISLAMABAD: The federal government has announced new petrol and diesel prices for the next fortnight, Energy Update News updated According to a notification issued by the Ministry of Finance, the petrol price has been decreased by Rs7.54 per litre and while diesel’s price was inreased by Rs1.48 per litre. After the decrease, the new price for petrol has been set at Rs 264.61 per litre while the diesel will be available at Rs 285.83 per litre after a hike of Rs1.48. Petroleum Prices in Pakistan Today Prices w.e.f 1-August-2025 Fuel…

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