Category: Latest News

Karachi – The Pakistan Stock Exchange (PSX) witnessed a historic crash on Monday as escalating global tensions and fears of widening conflict triggered panic selling across the market. On the first trading day of March, the benchmark index plunged by more than 16,000 points — marking the largest single-day decline in the country’s history. During previous periods of heightened tensions, including the Pak-India standoff, the market had fallen by nearly 10,000 points, but never before had it recorded such a massive one-day drop. Market analysts had anticipated a possible downturn…

Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called for the announcement of emergent measures aimed at insulating trade and industry of Pakistan to protect country’s economy and its people from the debilitating and burgeoning conflict in the Middle East. Mr. Atif Ikram Sheikh warned that ongoing geopolitical volatility – particularly the disruptions in the Red Sea and the Strait of Hormuz – poses a severe threat to Pakistan’s fragile economic recovery, energy security and export competitiveness. FPCCI Chief explained…

Chinese solar manufacturer JinkoSolar has achieved a record-breaking 26.66% power conversion efficiency for an industrial-scale TOPCon solar cell based on an M10-size wafer, marking a new global benchmark for mass-production-ready technology. The milestone was independently certified by an undisclosed testing organization in China and represents the highest reported efficiency for an industrial-scale TOPCon cell to date. Collaborative Research Backing The breakthrough was achieved in collaboration with researchers from the Ningbo Institute of Materials Technology and Engineering (NIMTE) under the Chinese Academy of Sciences, alongside scientists from Soochow University and China…

Chinese solar giant Tongwei has announced plans to acquire 100% of polysilicon producer Qinghai Lihao through a combination of share issuance and cash, alongside a proposed supporting fundraise. The move was disclosed in a trading suspension notice dated Feb. 25. Tongwei said the transaction remains at a preliminary stage. The company has signed an intention agreement with the proposed sellers — Duan Yong and two limited partnerships, Hainan Zhuoyue Enterprise Management Partnership and Hainan Haoyue Enterprise Management Partnership. Final parties and detailed terms will be revealed in a subsequent transaction…