Category: Highlights

Democracy thrives on dialogue: if dialogue can be initiated with an enemy country, why not with the perpetrators of May 9, says Murad Shah

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infrastructure

KARACHI (Dec 25): Sindh Chief Minister Syed Murad Ali Shah stated that democracy thrives on dialogue, if we can engage in dialogue with an enemy country, then we should also engage with those involved in the May 9 incident, as we see them as Pakistani citizens. “It is important to address those who have been misled and help them change their perspectives.” He said this on Wednesday while talking to the media at Mazar-e-Quaid, where he was joined by his cabinet members to pay tribute to Pakistan’s founder, Quaid-e-Azam Muhammad…

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Growatt Earns Top Brand PV Awards Across 15 Global Markets in 2024

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growatt-news

Growatt, a global leader in solar energy solutions, has once again solidified its position as a reliable and reputable brand in the renewable energy sector by winning the prestigious Top Brand PV Awards 2024 from EUPD Research. The company received this esteemed recognition in 15 markets, including South Africa, Africa, Nigeria, Mexico, Colombia, Brazil, Italy, UK, India, Pakistan, Poland, Netherlands, Australia, USA, and Southeast Asia. This achievement highlights the company’s dedication to delivering reliable and innovative energy solutions worldwide. EUPD Research, a renowned market research and consultancy organization specializing in…

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Gold prices see major decline in Pakistan

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gold price

The price of 24-karat per tola gold decreased by Rs800 and was sold at Rs272,600 on Tuesday against its sale at Rs273,400 the previous day. The price of 10-gram 24-karat gold also decreased by Rs685 to Rs233,711 from Rs234,396 whereas that of 10-gram 22-karat gold declined to Rs214,235 from Rs214,863, the All Sindh Sarafa Jewellers Association reported. The prices of per tola and 10-gram silver remained constant at Rs3,350 and Rs 2,872.08 respectively. The gold price in the international market decreased by $8 to $2,614 from $2,622, the association added.

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China Breaks Ground on World’s Largest Compressed Air Energy Storage Project

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Energy-Storage

China’s Huaneng Group has commenced construction on the second phase of the Jintan Salt Cavern Compressed Air Energy Storage (CAES) project in Changzhou, Jiangsu province, setting a new benchmark in the global energy storage industry. Once completed, it will become the world’s largest CAES facility, boasting record-breaking advancements in power output and efficiency. The second phase will include two 350 MW non-fuel supplementary CAES units with a combined storage volume of 1.2 million cubic meters. This design achieves the largest single-unit power generation capacity and total storage capacity globally, with…

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KUFPEC Sells $60M Assets to PEL, Exits Pakistan’s Energy Sector

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Gas-Sale

ISLAMABAD: Kuwait Foreign Petroleum Exploration Company (KUFPEC) has officially exited Pakistan’s oil and gas sector by selling its key assets, valued at approximately $60 million, to Pakistan Exploration (Private) Limited (PEL). This marks the conclusion of KUFPEC’s operations in the country amidst growing challenges in the energy sector. A senior official from the Ministry of Energy revealed that mounting circular debt, now at Rs2,700 billion, has significantly deterred foreign Exploration and Production (E&P) companies. Of this amount, Rs1,500 billion, including $600 million owed to local and foreign E&P firms, remains…

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