Category: Highlights

Diamond Jubilee Celebrations of National Bank of Pakistan75 Years of Unwavering Excellence

Admin
Diamond Jubilee

Exuberant celebrations filled with unwavering dedication and opulent prestige marked the 75th anniversary of the National Bank of Pakistan (NBP). Held at the historic Mohatta Palace in Karachi, the event was attended by eminent dignitaries from the government, business community, and customers from across the country.Mr. Rehmat Ali Hasnie, President NBP, warmly welcomed the Chief Guest, Mr. Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), industrial catalysts, and other distinguished guests alongside members of NBP’s management.The event marked the Diamond Jubilee of NBP’s illustrious journey as a cornerstone…

Read More

U.S. Imposes Tariffs on Solar Panels from Southeast Asia Over Dumping Allegations

Admin
Floating Solar

Washington: The U.S. Commerce Department has announced tariffs on solar panel imports from Cambodia, Malaysia, Thailand, and Vietnam following allegations of market dumping. The decision stems from a trade complaint by Hanwha Qcells, First Solar Inc., and other U.S. manufacturers seeking to safeguard domestic solar investments. Dumping duties range from 21.31% to 271.2%, varying by company and country of origin. Key determinations include: Jinko Solar: 21.31% for Malaysian products and 56.51% for Vietnamese-made panels.Trina Solar: 77.85% for Thai products and 54.46% for Vietnamese goods.Hanwha Qcells: No dumping margin for Malaysian…

Read More

Pakistan Secures $500m ADB Loan for Climate Resilience

Admin
SBP-ADB

KARACHI: The State Bank of Pakistan (SBP) has received $500 million from the Asian Development Bank (ADB) under the Climate Change and Disaster Resilience Enhancement Program (CDREP). The inflow, confirmed by the SBP on Friday, will strengthen Pakistan’s foreign exchange reserves. “These funds will be reflected in SBP’s reserves for the week ending November 29, 2024,” the central bank stated, adding that reserves are expected to surpass $12 billion by the end of the month, up from $11.42 billion as of November 22, 2024. The loan agreement with ADB, signed…

Read More

Sindh Government and Civil Society Align to Tackle Climate Impacts of Energy Projects

Admin
Nasir-Shah

KARACHI: In a significant step towards inclusive energy policy-making, Sindh’s Minister for Energy, Syed Nasir Hussain Shah, emphasized the need for government collaboration with civil society to shape climate-resilient energy policies. Speaking at the Sindh Energy Dialogue, jointly organized by The Knowledge Forum and NED University of Engineering and Technology, the minister outlined the province’s ambitious renewable energy initiatives, including solar parks and home solar solutions for underserved populations. “The Sindh government is committed to affordable electricity for all. Civil society must partner with experts and institutions to ensure public…

Read More

OPEC+ production cuts may support oil prices in near term, Goldman Sachs says

Admin
oil

Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting a modest near term upside to Brent prices, Goldman Sachs said. Saudi Arabia is more likely to extend oil production cuts because of the recent price drop and we now think that oil production cuts will last until April 2025 instead of January, the investment bank said in a note dated Tuesday. Goldman Sachs maintained its average Brent price forecast for 2025 at $76 per barrel. OPEC+, which includes members of the OPEC and…

Read More