Category: Popular News

Pakistan Misses Three Key IMF Targets Despite Posting Record Primary Surplus

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New-IMF

ISLAMABAD: Pakistan has fallen short of three out of five major fiscal targets set by the International Monetary Fund (IMF) under the \$7 billion bailout programme, largely due to underperformance by the provinces and missed tax collection goals by the Federal Board of Revenue (FBR). According to the Ministry of Finance’s fiscal operations report, provincial governments collectively failed to generate the agreed Rs1.2 trillion cash surplus, falling short by Rs280 billion. Simultaneously, the FBR missed its overall revenue target of Rs12.3 trillion, collecting only Rs11.74 trillion, and failed to raise…

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Growatt Achieves Global No.1 Residential PV Inverter Supplier in 2024

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growatt

Growatt, a world-leading provider of distributed solar and energy storage solutions (ESS), has secured top positions in the 2024 global PV inverter rankings, solidifying its leadership in the solar energy sector and demonstrating its strong performance across key market segments. According to the latest report, Growatt is ranked the: The rankings are based on the newly released 2024 PV Inverter Market Tracker by S&P Global Commodity Insights, a leading authority in global solar market intelligence. The latest results mark a step up from Growatt’s 2023 performance, where it was named…

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Sindh Government Prioritizing Affordable Power for the People: Energy Minister

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Inverex-Solar

Karachi – Sindh Energy Minister Syed Nasir Hussain Shah has reiterated the provincial government’s strong commitment to providing low-cost and environmentally friendly electricity to the people of Sindh. He made these remarks during a demonstration event held at the Energy Department office, where Inverex Solar Energy showcased its latest solar home systems, solar inverters with lithium batteries, and high-efficiency solar panels. The demonstration was led by Mr. Zakir Ali, CEO of Inverex Solar Energy, in the presence of Secretary Energy Department, CEO Sindh Transmission and Dispatch Company (STDC), MD Thar…

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Bangladesh Eyes Pakistani Coal, Limestone Imports to Fuel Industrial Growth

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Bangladesh-pak

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a productive meeting with Bangladesh High Commissioner Iqbal Hussain Khan to strengthen bilateral cooperation in trade, energy, logistics, and industrial development. The high commissioner shared positive feedback from his recent visits to Pakistan’s industrial hubs, where he received strong interest from local business communities. Discussions centered on Bangladesh’s growing demand for Pakistani coal and limestone, essential for power generation and soda ash production. Both sides also explored expanding agricultural trade. Bangladesh expressed interest in exporting pineapples to Pakistan, while Pakistan is…

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Chinese Delegation Visits Pakistan to Boost Maritime and Energy Collaboration

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Chinese-Delegation

ISLAMABAD – A high-level Chinese delegation led by Yi Jiang of the All-China Federation of Industry and Commerce (ACFIC) and David Chu, CEO of Precise Development (HK) Ltd, is on a five-day official visit to Pakistan to strengthen cooperation in the maritime, energy, and industrial sectors. During their visit, the delegation held key meetings with Federal Minister for Maritime Affairs Muhammad Junaid Anwar, Federal Minister for Energy Awais Leghari, and Chairman of the Prime Minister’s Youth Programme Rana Mashhood Ahmad Khan. Talks with the Ministry of Maritime Affairs focused on…

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