KARACHI: The Board of Management and staff of the State Bank of Pakistan (SBP) have expressed profound sorrow and grief over the sad demise of former SBP Governor Dr Shamshad Akhtar. In a statement, the SBP said Dr Shamshad Akhtar made history as the first female Governor of the State Bank of Pakistan. Her tenure was marked by exemplary leadership, integrity and an unwavering commitment to public service. The statement added that she rendered outstanding services to Pakistan and the international community through senior leadership roles at the Asian Development…
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Russia Nearly Doubles LPG Exports to Central Asia, Afghanistan in 2025
MOSCOW: Russia has almost doubled its exports of liquefied petroleum gas (LPG) to Central Asian countries and Afghanistan during the January–November period this year, reaching 1.016 million metric tons, industry sources told Reuters on Friday. The surge comes as Moscow redirects LPG supplies away from Europe following the European Union’s restrictions on Russian LPG imports imposed in December 2024 over the Ukraine conflict. LPG, which includes propane and butane, is widely used for transport fuel, heating and petrochemical production. Traders said shipments to Afghanistan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan now…
Read MoreIESCO Delivers Strong Performance in FY25, Says CEO
ISLAMABAD: Islamabad Electric Supply Company (IESCO) recorded an outstanding performance during FY25 by fully implementing reforms and directives issued by the Government of Pakistan and the Ministry of Energy (Power Division), Chief Executive Engineer Ch Khalid Mahmood said on Sunday. He said IESCO prioritized digitalization and transparency by rolling out the “Apna Meter Apni Reading” mobile application across the region and upgrading 118 call centre services to provide timely and efficient customer support. Emphasis was placed on modern technology in customer services, operations, construction and grid management. During the anti-electricity…
Read MorePM Lauds PAEC’s Role in Expanding Cancer Care, Inaugurates KINOR Muzaffarabad
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Sunday commended the Pakistan Atomic Energy Commission (PAEC) for its significant contributions to the health sector, particularly in providing modern cancer treatment facilities, calling it “one of the greatest services to humanity.” Addressing the inaugural ceremony of the Kashmir Institute of Nuclear Medicine, Oncology and Radiotherapy (KINOR) in Muzaffarabad, Azad Jammu and Kashmir, the prime minister said the new facility would ease the suffering of patients who previously had to travel long distances to Islamabad and other major cities for treatment. He termed…
Read More2025 Pakistan Market Year in Review — Driving Green Energy Storage for Homes and BusinessesIn 2025,
the demand for energy storage in Pakistan continued to grow. Frequent power outages and an unstable grid have made reliable, efficient, and smart energy storage solutions increasingly essential for households and businesses. At the same time, with the growing adoption of solar PV systems and supportive renewable energy policies, energy storage has become a key solution for improving energy autonomy and stability.To meet these diverse market needs, we launched a range of innovative products designed to help Pakistani users achieve clean, efficient, and safe electricity usage.In the residential segment, we…
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