Category: Latest News

China’s Rebate Cut Threatens to Push Up Solar Panel Prices in Pakistan

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Solar-Modules

The cost of importing solar panels from China is likely to rise sharply as Beijing considers withdrawing export rebates on the product, a move that could directly impact Pakistan’s renewable energy sector. According to Muhammad Faaz Diwan, Director of Diwan International Pvt Ltd, the Chinese government is expected to slash the rebate from the current 9% to zero starting October 1. “If the rebate is eliminated, solar panel prices in Pakistan could increase by up to 10%,” he told Business Recorder. At present, a 585-watt solar panel is priced between…

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IESCO CEO Conducts Surprise Visits to Customer and Complaint Offices

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Power-Tariff

ISLAMABAD: Chief Executive Officer of Islamabad Electric Supply Company (IESCO), Engineer Ch Khalid Mahmood, along with senior management, paid surprise visits to Customer Facilitation Centres and Complaint Offices across the region. During the visits, he interacted directly with consumers, listened to their concerns, and reviewed the quality of services being provided by IESCO’s field staff. The CEO reaffirmed that there would be no compromise on delivering timely and efficient services. “Our top priority is to win the trust of consumers by ensuring transparency, efficiency, and customer-friendly facilities,” he stated. He…

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Egypt Inks $340m Oil and Gas Exploration Deals

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New-oil

CAIRO: Egypt has signed four agreements with international energy firms worth over $340 million to boost oil and gas exploration in the Mediterranean and Nile Delta, the Petroleum Ministry announced on Saturday. The deals, signed by state-owned Egyptian Natural Gas Holding Company (EGAS), include the drilling of 10 wells as part of efforts to strengthen exploration and production. The ministry noted that Egypt, once a key regional exporter, has increasingly relied on imports due to declining output from ageing fields and limited investment in new projects. Gas production in May…

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PM Shehbaz Reaffirms Respect for Sovereignty at SCO Summit in China

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New-Project1

Prime Minister Shehbaz Sharif, addressing the Shanghai Cooperation Organisation (SCO) Council of Heads of State summit in Tianjin, China, on Monday, reaffirmed Pakistan’s respect for the sovereignty and integrity of all SCO members and its neighbours. Highlighting Pakistan’s commitment to dialogue, diplomacy, and multilateralism, the premier stressed the importance of honouring international and bilateral treaties, indirectly referring to India’s suspension of the Indus Waters Treaty. He underscored that uninterrupted access to shared water resources was vital for regional peace and prosperity. PM Shehbaz reiterated Pakistan’s desire for stable relations with…

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Ogra Cuts LPG Price by 0.54pc for September

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OGRA

The Oil and Gas Regulatory Authority (Ogra) on Sunday announced a reduction in the price of liquefied petroleum gas (LPG), setting it at Rs214.19 per kilogram for September. This marks a decrease of Rs1.18 per kg from last month’s rate of Rs215.37. Accordingly, the price of an 11.8kg domestic cylinder has been revised to Rs2,527.47, down by Rs13.89 compared to August. Ogra noted that the adjustment reflects a 0.54 per cent decline, effective from September 1. The authority explained that LPG producer prices are linked with the Saudi Aramco-CP and…

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