Author: Admin

Sky Electric Celebrates 10 Years with Launch of Sky Electric X, Pakistan’s First AI-Driven Intelligent Energy Ecosystem

Admin
New-Project52

Islamabad — Sky Electric, Pakistan’s leading smart solar and energy-storage company, marked a decade of innovation with the launch of SkyElectric X, a landmark initiative that transforms the company from a solar solutions provider into Pakistan’s first fully integrated, AI-driven intelligent energy ecosystem. The milestone event brought together government officials, industry leaders, global technology partners and long-standing customers, underscoring SkyElectric’s evolution from rooftop solar installations to a future-ready energy platform integrating artificial intelligence, advanced storage, electric mobility, cybersecurity and digital energy management. Addressing the gathering, Chairman Ashar Aziz reflected on…

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Barrick Reviews Reko Diq Project as Security Risks Escalate in Balochistan

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Reko-Diq

LONDON: Global mining giant Barrick Mining has announced a comprehensive review of its Reko Diq gold and copper project in Balochistan, citing heightened security concerns in the region. Speaking during a post-earnings call, Barrick Chief Executive Officer Mark Hill said the company’s board is reassessing all aspects of the project, including security arrangements, development timelines and capital allocation, following a recent rise in security incidents in the province. Barrick said the review would commence immediately and that the company would provide an update once the process is completed. The move…

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PSO’s Rs30bn Receivables from PIA Remain Unsettled Despite Privatisation

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PSO-PIA

ISLAMABAD: Pakistan State Oil (PSO) continues to face a major financial strain as receivables of around Rs30 billion remain stuck with Pakistan International Airlines (PIA), following the airline’s failure to transfer a pledged real estate asset to settle outstanding dues. PSO had sought the transfer of PIA’s Islamabad real estate as settlement against unpaid jet fuel supplies. However, despite the completion of PIA’s privatisation process, the agreed asset has yet to be handed over. A PSO spokesperson told The Express Tribune that no property has been transferred so far, adding…

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Moonis Alvi Resigns as K-Electric CEO

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Moonis-Alvi

KARACHI: K-Electric (KE) Chief Executive Officer Moonis Alvi has tendered his resignation, the company informed the Pakistan Stock Exchange (PSX) in a formal disclosure on Thursday. “Syed Moonis Abdullah Alvi has tendered his resignation from the position of Chief Executive Officer (CEO) of K-Electric Limited,” the filing said, submitted in accordance with the Securities Act, 2015, and PSX regulations. The exchange was requested to disseminate the information to all relevant stakeholders. Confirming the development in a post on X, Mr Alvi said he had decided to step down, calling it…

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Pakistan Must Create 30m Jobs in Next Decade to Avoid Instability: World Bank President

Admin
World-Bank

ISLAMABAD: Pakistan needs to generate 25 to 30 million jobs over the next decade to turn its growing youth population into an economic dividend, failing which the country risks social instability and increased outward migration, World Bank President Ajay Banga has warned. Speaking in an interview with Reuters during his visit to Pakistan, Mr Banga said the country must create around 2.5 to 3 million jobs annually as millions of young people enter the workforce. “Job creation is the North Star,” he said, describing employment generation as a long-term, binding…

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