Author: Admin

Sindh govt set to inaugurate first segment of Malir Expressway on Jan 11

Admin
sindh-govt

Karachi (Jan 7): Sindh Chief Minister Syed Murad Ali Shah is set to inaugurate the first segment of the highly anticipated Malir Expressway, a state-of-the-art, high-speed corridor on January 11. The initial 9.1 km stretch, which runs from Korangi Causeway to Shah Faisal, represents a significant milestone in Karachi’s infrastructure development, promising improved connectivity and reduced traffic congestion. This decision was taken during a high-level meeting chaired by Sindh CM Murad Ali Shah at the New Secretariat, where the project’s final progress was reviewed. Minister for Local Government Saeed Ghani,…

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JinkoSolar Files Patent Lawsuit Against Longi Over TOPCon Technology

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Jinko-Solar

JinkoSolar Files Patent Lawsuit Against Longi Over TOPCon Technology January 7, 2025 JinkoSolar has initiated legal action against Longi, accusing the company of infringing on its proprietary TOPCon solar cell technology. “JinkoSolar has demanded Longi cease infringing on the relevant patents and compensate for economic losses,” a company spokesperson told pv magazine. The lawsuit, filed by JinkoSolar’s subsidiary Shangrao Xinyuan Motion Technology Development, was accepted by the Nanchang Intermediate People’s Court and is set for a hearing on February 13, 2025. The complaint alleges that Longi unlawfully utilized Jinko’s TOPCon…

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Germany’s Electric Car Sales Drop 27.4% in 2024 Amid Auto Industry Crisis

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Electric-Car

BERLIN: Sales of new battery-powered vehicles in Germany fell sharply by 27.4% in 2024, highlighting significant challenges for the nation’s auto industry, according to official data released Monday. Germany’s KBA federal transport authority reported that only 380,609 electric vehicles (EVs) were registered out of 2.8 million new vehicles sold, marking a 13.5% market share. Overall vehicle sales in Europe’s largest car market declined by 1% compared to the previous year. EY analyst Constantin Gall called 2024 a “lost year for electro-mobility,” attributing the decline to the termination of government EV…

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PPL Asia Secures $6 Million Settlement from Iraq’s Midland Oil Company

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New-PPL

KARACHI: PPL Asia E&P BV, a wholly-owned subsidiary of Pakistan Petroleum Limited (PPL), has successfully received a $6 million settlement from Iraq’s Midland Oil Company (MdOC), concluding the Exploration, Development, and Production Service Contract (EDPSC) for Block-8 in Iraq. In a notice to the Pakistan Stock Exchange (PSX) on Monday, PPL stated, “We are pleased to notify that PPL Asia E&P BV (PPLA) has received the amount of $6 million on January 3, 2025, in relation to the closeout of the above-referred EDPSC.” The settlement agreement, finalized and signed in…

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Amended E&P Policy to Be Notified Today, Aims to Attract $5 Billion Investment

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oil and gas

ISLAMABAD: The government is set to notify the amended Exploration and Production (E&P) Policy 2012 today, enabling E&P companies to sell 35% of gas from future discoveries to the private sector through competitive auctions. This policy aims to attract $5 billion in investments to Pakistan’s oil and gas sector. According to the implementation framework approved by ECNEC on November 25, 2024, private sector purchases will be capped at 100 mmcfd for the current year. A senior official confirmed that the Law Division has cleared the draft notification, and the Directorate…

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