Author: Admin

World Bank Mission Arrives to Address CASA-1000 Project Bottlenecks in Pakistan

Admin
world-bank

ISLAMABAD: A World Bank Implementation Support Mission will visit Islamabad and Lahore from October 28 to November 1, 2024, to address remaining obstacles in the CASA-1000 electricity Transmission and Trading Project, a $1.2 billion regional initiative connecting Kyrgyzstan, Tajikistan, Afghanistan, and Pakistan. The mission, led by Senior Energy Specialist Dmytro Glazkov and Pakistan Country Coordinator Ghulam Murtaza Uqaili, will collaborate with Pakistan’s National Transmission and Despatch Company (NTDC) and the CASA project team to resolve outstanding issues and coordinate with project contractors. Following a funding pause due to the political…

Read More

‘Pakistan Seeks Additional $1.4 Billion Loan from China Amid Ongoing Financial Challenges

Admin
Aurangzeb-ipps

ISLAMABAD: In response to persistent external financing pressures, Pakistan has formally requested a 10 billion yuan ($1.4 billion) loan from China, following an extension of the existing $4.3 billion facility for three more years. Finance Minister Muhammad Aurangzeb made the request during a meeting with China’s Vice Minister of Finance, Liao Min, proposing to increase the Currency Swap Agreement (CSA) limit to 40 billion yuan. Currently, Pakistan has fully utilized the 30 billion yuan ($4.3 billion) trade facility under the China-Pakistan CSA to meet debt repayment needs and stabilize reserves.…

Read More

Petrol, Diesel Prices Likely to Drop by Up to Rs3 Per Litre Starting November

Admin
Petrol-Diesel

ISLAMABAD: Prices for petrol and high-speed diesel (HSD) are expected to decrease by Rs2 to Rs3 per litre from November 1, due to a slight decline in global oil rates. According to informed sources, international market prices for petrol and HSD fell by approximately $1.5 and $2.5 per barrel over the past two weeks, potentially bringing local prices down by Rs3 and Rs2.30 per litre, respectively, depending on exchange rate adjustments and current tax rates. With the government’s notification pending, new prices are projected to take effect on November 1.…

Read More

Bluetti Unveils New EP2000 & B700 Residential Energy Storage System for Full Home Independence

Admin
Solar-Home

Bluetti has introduced its latest residential energy storage solutions, the EP2000 and B700, designed to deliver secure, cost-effective, and efficient power independence for homeowners. Featuring up to 20kW output and 30kW solar input capacity, the EP2000 can achieve 100% energy self-sufficiency, helping users significantly reduce electricity costs and enhance energy reliability. The EP2000 offers customizable power configurations—10.5kW, 15.5kW, or 20kW—and expandable battery storage from 14.7kWh to 51.6kWh to fit diverse household needs. It can be scaled up to three units, achieving 60kW output and 154.8kWh storage, making it suitable for…

Read More

Israeli army blows up houses in Lebanon’s border village

Admin
Israeli army blows up houses

BEIRUT: Lebanese state media said the Israeli army dynamited houses in Lebanese border villages on Saturday, as Israel said it used 400 tonnes of explosives to destroy a Hezbollah tunnel, more than a month into an all-out war. The official National News Agency said “the army of the Israeli enemy has since dawn blown up and destroyed houses” in the border village of Adaisseh. The NNA also reported “large explosions” in the border village of Kfar Kila, saying the blasts were heard across the south as columns of smoke rose above the area. Israeli…

Read More