Category: Highlights

Iran Rejects Trump’s New Economic Sanctions, Calls Them Distraction from US Crisis

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Iran Rejects Trump’s New Economic Sanctions, Calls Them Distraction from US Crisis TEHRAN: Iran has rejected new economic measures announced by US President Donald Trump, accusing Washington of using increased economic pressure against Tehran to divert attention from its own financial challenges. Iranian Foreign Minister Abbas Araghchi said on social media platform X that Trump’s so-called “Economic D-Day” was an attempt to shift attention away from the United States’ domestic crisis, record debt and rising interest costs. Araghchi described US economic policies as a threat to the global economy and…

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Hydropower Output Hits 6,000MW, Easing Load Pressure: Power Division

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ISLAMABAD: Pakistan’s Power Division reported a notable improvement in electricity supply as hydropower generation reached 6,000MW during peak hours, against a total installed hydel capacity of 11,500MW. The increase in generation was supported by enhanced water flows and the availability of indigenous gas for power plants, which helped stabilize the national grid. According to officials, improved supply from the southern region contributed significantly, with around 500MW transmitted to the national grid and an additional 100MW added to overall system capacity. A spokesperson stated that limited load management of 25 minutes…

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UK Raises Halmore Power Dispute with Pakistan Amid Ongoing Arbitration

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ISLAMABAD: The British High Commission has formally raised concerns over the ongoing dispute involving M/s Halmore Power Company, currently under international arbitration with the Government of Pakistan, sources told Business Recorder. The issue was discussed during a meeting between Federal Minister for Power Sardar Awais Ahmed Khan Leghari and Sam Waldock, Development Director at the British High Commission. The discussions covered bilateral cooperation, investment climate, and the evolving regional geopolitical situation. According to an official statement, the UK side highlighted key investment-related concerns, including the Halmore case. The minister assured…

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Govt rings in New Year with Rs10.28 per litre petrol cut

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The government has announced a reduction in the prices of petroleum products, offering relief to the public as the New Year approaches. The price of petrol has been reduced by Rs10.28 per litre, bringing the new price to Rs253.17 per litre. Additionally, the price of high-speed diesel (HSD) has been slashed by Rs8.57 per litre, with the new price set at Rs257.08 per litre. The Petroleum Division issued a notification confirming these changes, stating that the new prices will be effective from midnight tonight and will remain in place until…

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LONGi Enters Energy Storage Market, Redefining Industry Standards with “Ultimate Safety”

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London, England–On November 26, a grand launch event for LONGi’s energy storage solutions was held in London. Dennis She, Vice President of LONGi, comprehensively outlined the company’s global energy storage strategy for the first time and introduced the LONGi Energy Storage One-Stop Solution. This marks LONGi’s strategic evolution from a global photovoltaic leader to an integrated “Solar-Storage-Hydrogen” comprehensive energy solution provider. The milestone was witnessed by global energy experts, representatives from investment institutions, media, and industry analysts. From “Solar” to “Solar-Storage-Hydrogen”: Building a “Stability Triangle” Energy Framework Addressing the challenge…

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