Author: Admin

PIA Enters a New Era as Arif Habib-Led Consortium Assumes Control; Lt Gen (R) Anwar Ali Hyder Appointed Chairman

Admin
New-Project203

KARACHI/ISLAMABAD: Pakistan International Airlines (PIA) has officially entered a new phase in its history following the successful completion of its privatization process, with management control of the national flag carrier formally transferred to PIA Equity Limited, a subsidiary of the Arif Habib Corporation-led consortium, on June 29, 2026. Marking a significant milestone for Pakistan’s aviation sector, the consortium has assumed operational and administrative control of the airline after the successful first financial closing of the privatization transaction. Alongside the transfer of ownership, Lt Gen (Retd.) Anwar Ali Hyder has been…

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Growatt SPM 3000~6000TL-HU2: A New Hybrid Storage Benchmark

Admin

As electricity shortages, rising utility tariffs and unstable grid conditions continue to challenge households and businesses across Pakistan, demand for residential solar-plus-storage systems is growing rapidly. Homeowners and installers are increasingly seeking solutions that are easy to install, compatible with existing PV systems, and capable of providing reliable backup power. The new Growatt SPM 3000-6000TL-HU2 single-phase hybrid inverter has been designed to address these needs. Featuring a compact and lightweight design, higher PV oversizing capability, flexible retrofit options and scalable three-phase expansion, the inverter offers an efficient solution for both…

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Pakistan, China Ink MoU to Launch Local Lithium-Ion Battery Manufacturing

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New-Project202

ISLAMABAD: In a major step toward strengthening Pakistan’s clean energy and advanced manufacturing sectors, Pakistani industrial conglomerate Saigol Group and China’s Juhang Energy Technology Group have signed a Memorandum of Understanding (MoU) to establish local manufacturing of lithium-ion batteries in Pakistan. The agreement, announced on Sunday, is expected to reduce Pakistan’s reliance on imported energy storage systems while supporting the country’s transition toward renewable energy. Speaking at the signing ceremony, Prime Minister’s Adviser on Industries and Production Haroon Akhtar Khan described the partnership as another milestone in the growing economic…

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Government Defends Fuel Price Freeze Amid Growing Criticism Over Failure to Pass on Global Oil Price Decline

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ISLAMABAD: The government’s decision to keep petroleum prices unchanged despite a decline in global oil prices has drawn sharp criticism from opposition leaders, analysts, and industry observers, prompting Petroleum Minister Ali Pervaiz Malik to defend the policy. Responding to growing public criticism, the minister shared a chart of international crude oil prices on social media, asserting that the government remains committed to passing on every possible benefit to consumers while honoring Pakistan’s international commitments. “The government is neither favoring one sector nor unfairly burdening another,” Malik said, adding that Prime…

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Global Energy Price Shock Weighs Heavily on Pakistan’s Economy, Warns Lahore School Report

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New-Project201

LAHORE: Pakistan’s economy is facing mounting pressure from a prolonged global energy price shock that has slowed economic growth, accelerated inflation, widened external imbalances, and increased poverty, according to a new quarterly report released by the Modelling Lab of the Innovation and Technology Centre at the Lahore School of Economics (LSE). The report, covering the fourth quarter of FY2025-26, was prepared by Dr. Moazam Mahmood, Professor of Economics; Dr. Azam Amjad Chaudhry, Dean of the Faculty of Economics; Amna Noor Fatima, Manager and Data Analyst at the Modelling Lab; and…

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