Category: Highlights

Islamabad Electric Supply Company seeks police deployment in wake of protests

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electricty

In the wake of protests, Islamabad Electric Supply Company (IESCO) has sought deployment of police force at its different offices to avoid “unpleasant” situations. In a letter to Rawalpindi’s city police officer available with Business Recorder, IESCO said that consumers are visiting different offices of IESCO in groups and mobs to protest against electricity issues. “The employees of IESCO are feeling un-rest while performing their duties. The situation is quite alarming which may lead to create law and order damaging of IESCO property/installations etc,“ the letter read. “Early action is highly…

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Massive Increase in Petroleum Prices Expected in Pakistan from September 1st

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There might be a big rise in the cost of petrol and diesel in Pakistan due to the rupee losing its value against the US dollar. The price of petrol could go up by over Rs13 per litre in the next two weeks, and this might happen by August 31.The dollar’s value has gone up by Rs12.08 from August 16 to August 24. This means that petrol and diesel prices could increase from September 1 because of the higher dollar value. Even though the prices of oil products and crude…

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Karachi Industries Threaten Shutdown Over Electricity Tariff Hike NKATI seeks special power tariff for SMEs

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electricity price increased

KARACHI: The industrialists of the North Karachi Industrial Area, which is the largest industrial area in Sindh in terms of SMEs and the second-largest after Sialkot, have vehemently protested against the recent hike in electricity rates, demanding a reversal of the recent electricity rate hike, warned that if their demand is not met, they will initiate full-fledged protests, also shut down their industries and also surrender the keys to the government. In an appeal, Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), requested to Chief of…

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3rd largest PV inverter Manufacturer Globally According to Wood Mackenzie

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Solis-Inverters

18 July 2023, Ningbo, China: Solis Inverters (the company), a global powerhouse in the solar energy industry, has been acknowledged as the world’s no.3 solar by shipments, according to Wood Mackenzie. This outstanding recognition reaffirms Solis’ dedication to technological innovation, product quality, and commitment to a sustainable future. In 2022, Solis experienced an exceptional year of growth, marked by the inauguration of a brand-new factory featuring state-of-the-art, automated production lines. This expansion allowed the company to bolster its manufacturing capacity significantly, enabling us to serve an even larger customer base…

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Minister for Energy vows to aggressively pursue the TAPI project

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TAPI-gas

Ambassador of Turkmenistan H.E. Atadjan Movlamov called on Interim Federal Minister for Energy Muhammad Ali here today.Ambassador extended his congratulations to Minister on assuming his new portfolio and exchanged pleasantries.Minister for Energy expressed his gratitude and passed on the regards from Caretaker Prime Minister of Pakistan Anwaar-ul-Haq Kakar. “PM is pleased that the TAPI project is dealt on priority basis.”Both sides agreed to speed up the TAPI gas pipeline project. Mr Muhmmad Ali underscored the importance of gas for the economy of Pakistan. “With increasing energy demand of the country,…

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