Category: Highlights

Influential super-rich Pakistanis own properties worth $11 billion in Dubai, reveals a damning global probe report

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Pakistanis rank second among foreign nationals owning billions of dollars in Dubai, as revealed in an investigative report on offshore asset ownership by influential individuals worldwide.The groundbreaking report by the Organized Crime and Corruption Reporting Project (OCCRP) exposes that influential Pakistanis possess properties in Dubai valued at a staggering $11 billion. The affluent Pakistanis who own luxurious properties in Dubai include prominent politicians, senior retired servicemen, bankers, and technocrats. The detailed OCCRP probe report discloses that foreigners hold assets in Dubai’s property market totaling $400 billion. Indians hold the top…

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LONGi Sets New World-Record for Silicon Solar Cell Efficiency, Launching 2nd Generation Ultra-Efficient BC-Based Module

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LONGi-01

Madrid, Spain, May 7th, 2024 – LONGi Green Energy Technology Co. today announces that the company has broken another world-record for silicon solar cell efficiency only 4 months after it last set a world-record in this area. As certified by Germany’s Institute for Solar Energy Research Hamelin (ISFH), new silicon heterojunction back-contact (HBC) solar cells designed by LONGi have reached an efficiency of 27.30% under laboratory conditions. The new record was announced at a celebratory event where they also unveiled a new product, the Hi-MO 9. Guests at this event included LONGi’s founder and president, Li Zhenguo,…

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Experts Advocate Energy Conservation and Industrial Growth to Tackle Pakistan’s Energy Crisis

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Energy-Crisis

During a session titled “Powering Pakistan’s Future: Strategies to Address the Energy Crisis,” jointly organized by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Business Recorder, experts emphasized the critical need for energy conservation and industrialization to combat Pakistan’s energy challenges. Finance Minister Muhammad Aurangzeb graced the event as the chief guest. Dr. Fiaz Ahmed Chaudhry from Lahore University of Management Sciences (LUMS) highlighted Pakistan’s substantial spending of $70 billion on debt servicing for additional capacity charges. He stressed the importance of accurately estimating energy demands, especially…

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Engro Powergen Thar Limited Urges CPPA-G to Settle Rs 32 Billion Debt by Month-End

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thar-coal-power

Engro Powergen Thar Limited (EPTL) has urgently requested Central Power Purchasing Agency-Guaranteed (CPPA-G) to clear at least Rs 32 billion in outstanding payments by the end of this month. This appeal aims to prevent a default on upcoming debt obligations, according to reliable sources. EPTL’s plea to CPPA-G comes at a crucial juncture as Minister for Planning, Development, and Special Initiatives Ahsan Iqbal is in Beijing to address payment delays to Independent Power Producers (IPPs) under the China Pakistan Economic Corridor (CPEC). In a letter from EPTL’s Chief Financial Officer…

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CM Gandapur Urges Federal Government to Clear Hydel Power Profit Arrears for KP

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CM-Gandapur

Chief Minister Ali Amin Gandapur of Khyber Pakhtunkhwa emphasized the critical need for the federal government to settle the outstanding arrears in hydel power profits owed to the province. Addressing key priorities of his administration, he highlighted efforts to tackle the energy crisis and maintain law and order during a press conference. Gandapur encouraged citizens to consider starting livestock businesses and reaffirmed his government’s commitment to providing free healthcare through the Sehat Sahulat Card. He also emphasized developmental initiatives for merged districts and announced plans for a people-centric budget. Regarding…

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