Category: Highlights

Embrace Green Future – Growatt’s Highlights in 2023 and Outlook for 2024

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New-Growatt

As the new year ushers in, reflecting on the achievements, 2023 has been a milestone for Growatt, marked by moments of growth, transformation, and learning. According to S&P Global Commodity Insights, Growatt remains the global NO.1 residential inverter supplier. The company is also making great progress in C&I and large-scale PV plants, strengthening its position among the world’s top 4 PV inverter suppliers. Growatt also stood out in Pakistan, being the largest residential inverter supplier and achieving an impressive growth in C&I application. Growatt has achieved remarkable success in the…

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Oil ends 2023 down 10%, faces headwinds in 2024 from Middle East conflict

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oil-and-gas

LONDON: Crude futures lost over 10 percent in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world. Brent crude on Friday, the last trading day of the year, settled at $77.04 a barrel, down 11 cents or 0.14 percent. U.S. West Texas Intermediate crude settled at $71.65 a barrel, down 12 cents or 0.17 percent. Both contracts slipped more than 10 percent in 2023 to close out the year at their lowest year-end levels since…

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$382m ‘Karachi Mobility Project’: WB rates implementation progress as ‘moderately unsatisfactory’

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Karachi-Mobility-Project

ISLAMABAD: The World Bank has rated the overall implementation progress of the “Karachi Mobility Project” worth $382 million, as moderately unsatisfactory. The bank’s official documents revealed that the effective date of the project was November 26, 2019, however, only $18.88 million i.e. 4.9 per cent of the total $382 million was disbursed so far. The implementation of the project has accelerated, especially following the hiring of the project management’s core team. Recruitment of additional staff to support the Sindh Mass Transit Authority (SMTA) and public-private partnership (PPP) transaction service is…

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Atif Ikram elected FPCCI president

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fpcci

KARACHI: Majority of candidates nominated by United Business Group (UBG) and Businessmen Panel Progressive (BMP) succeeded in the elections of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the term of 2024-25. According to unofficial results issued on Saturday late night, the UBG and BMP Progressive bagged all the leading seats including the slots of the president and the senior vice president. The UBG’s presidential candidate Atif Ikram Sheikh was unofficially elected, defeating Muhammad Ali from BMP. FPCCI elections: Sheikh says various chambers, trade bodies have announced…

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CM, Federal BOI minister discuss establishment of industrial park at Steel Mills

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Chief-Minister

KARACHI (Dec 29): Caretaker Sindh Chief Minister Justice (Retd) Maqbool Baqar and Federal Minister for Commerce, Industries & Board of Investment Mr Gohar Ejaz Khan in their meeting at CM House discussed the need for the establishment of more Industrial Parks in Karachi.The CM said that industrialization was the only solution to develop the economy and create employment opportunities and it, of course, it open new vistas of prosperity and uplift.The meeting was attended by Chief Secretary Dr Fakhre Alam, Federal Commerce Secretary Sualeh Farooqi, Secretary Federal BOI Sohail Rajput…

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