State Minister for Petroleum Musadik Malik announced on Wednesday that the Bonded Bulk Storage Policy 2023, recently approved by the Economic Coordination Committee (ECC) of the cabinet, will end the hoarding of petroleum products, reduce pressure on foreign exchange reserves and eliminate the fear of oil dry out in Pakistan. In a press conference, he said this policy will stop the hoarding of oil because it will ensure an ample supply of fuel in the country, and “millions of tons of oil will be available in Pakistan at all times”.…
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Solis’s innovative product lineup generates excitement and captivates visitors at Europe’s premier solar conference
Solis surpasses expectations at Intersolar Europe by unveiling inverter solutions that fulfill market demands 22 June 2023, Munich, Germany: Ginlong (Solis) Technologies, one of the global leaders in inverter production, successfully showcased its cutting-edge storage and inverter solutions at Intersolar Europe, the world’s leading exhibition for the solar industry, held on 13th-14th June. Solis presented a wide array of products at Intersolar Europe, catering to residential, commercial, industrial (C&I), and utility-scale solar applications. The exhibited solutions included 6th generation S6 and S6 Advanced Hybrid storage inverters. These residential-focused inverters, recently…
Read MoreParliamentary Delegation Visits Karot Hydropower Project – Explores Clean Energy Initiatives
(Islamabad: June 19, 2023) A Parliamentary Delegation visited the Karot Hydropower Project, to commemorate its 1st Anniversary and celebrate the 10 years of the China-Pakistan Economic Corridor (CPEC) and the 10 Years of BRI. The Delegation was led by Senator Mushahid Hussain Syed, Chairman of Pakistan-China Institute, and Mustafa Hyder Sayed, Executive Director of Pakistan-China Institute. This was the first Cross Party Parliamentary delegation that visited the Karot Hydropower Project, including Senator Waleed Iqbal, Senator Taj Haider, Senator Sadia Abbasi, Senator Palwasha Mohammad Zai Khan, and Senator Muhammad Asad Ali…
Read MoreU.S. Ambassador Blome’s Visit to Gomal Zam Dam Highlights Economic Accomplishments of Bilateral Partnership
Peshawar – U.S. Ambassador Donald Blome today visited the multi-purpose Gomal Zam Dam in the South Waziristan District of the Newly Merged Districts (NMDs) of Khyber Pakhtunkhwa. He was accompanied by the Chairman of Water and Power Development Authority (WAPDA), Lt. General (retired) Sajjad Ghani, and the Secretary of the Agriculture Department of Khyber Pakhtunkhwa, Muhammad Javed Marwat. The dam is a joint project of the governments of the United States and Pakistan that has yielded remarkable outcomes. Under the U.S.-Pakistan “Green Alliance” framework, our two countries are working together…
Read MorePM terms Chashma nuclear power plant MoU between China, Pakistan ‘great step’
ISLAMABAD – Prime Minister Shehbaz Sharif said the signing of Memorandum of Understanding (MoU) for 1200 Megawatt Chashma-V Nuclear Power Plant was a great step forward of economic cooperation between Pakistan and China.Addressing the MoU signing ceremony in the federal capital, he said the project would be started without any further delay.He said under difficult economic situation, Pakistan was up again for an investment of $4.8 billion from China in this project, which has sent message that Pakistan is a place where Chinese companies and investors continue to show their…
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