Category: Highlights

Shell Pakistan’s share price has soared over 24% in 3 days after parent company’s intent to sell

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shell-pakistan

Shell Pakistan Limited’s (SPL) share price has surged over 24% in the last three trading sessions, a rise triggered by its announcement on Wednesday that Shell Petroleum Company Limited (SPCo) intends to sell its shareholding in SPL. From Rs82.95 to Rs103.05 on Friday, the price has surged 24.23%, hitting upper locks (the maximum increase allowed by the stock exchange on any particular day) on all three trading sessions along the way. While the announcement did not disclose the amount of shareholding SPCo intends to sell – it had a 77.42% stake in…

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Straight hit Intersolar | Strongly eye-catching Solis booth

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Inter-solar

On June 14-16, Intersolar Europe, a global photovoltaic event, was grandly kicked off in Munich, Germany. Solis is committed to being the most professional manufacturer of energy storage and photovoltaic inverters, demonstrating a new generation of photovoltaic energy storage solution on the spot. The full-scenario collaborative green power utilization used innovation is to break new ground. The main booth at B3.430, with an open layout of 320 square meters, featured an eye-catching orange and white ceiling. The Solis brand logo was intricately integrated into every detail of the booth design,…

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Glaring Anomalies Need Immediate Attention of the Government

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irfan-iqbal-sheikh-fpcci

Karachi Irfan Iqbal Sheikh, President FPCCI, has apprised the media that after in-depth analysis of the federal budget 2023 – 24, FPCCI has come up with many budget anomalies; which will prove to be counterproductive if not rectified before the passage of the final version of the Finance Bill by the parliament. Irfan Iqbal Sheikh said that the most important anomalies are related to the customs. For example, section 14-A should be revised as, at present, the business community is facing major problems related to Delay Detention Certificate on imported…

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Senators inquire about KAPCO contract

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power-sector

ISLAMABAD: The Senate Standing Committee on Power on Friday inquired about the permission given for the extension of contract to Kot Addu Power Company (Kapco) till October 2022. The committee, which met under the chairmanship of Saifullah Abro, questioned in what capacity the extension was granted to Kapco and why the transactions were not blocked on the expiry of its time period. The committee was informed that Rs57 billion was paid to Kapco at a rate of Rs19.5 per unit, but no capacity payment was made after the expiry of…

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GoodWe, Risen Energy, OSW, and Solenergy Collaborate to Power World’s First Living Coral Biobank with Sustainable Energy Solution

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GOODWE-Risen

GoodWe, Risen Energy Australia, OSW, and Solenergy have come together in the Forever Reef project, donating a 22.5kW system with 15kW battery storage system to the World’s First Living Coral Biobank. Led by Great Barrier Reef Legacy, this initiative aims to protect coral species for future generations and combat the impacts of climate change. Inside the World’s First Living Coral Biobank As leaders in the solar industry, the companies understand that solar offers more than just sustainability; it holds the power to transform our world. This joint effort showcases the boundless potential…

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