Category: Popular News

Solis Celebrates 20 Years of Innovation at SNEC 2025 with Launch of Next-Gen Hybrid Inverter and AI Energy Platform

Admin
Solis-energy

Shanghai, China – June 12, 2025 – Marking two decades of innovation, Solis, a global leader in PV inverter and energy storage technology, kicked off SNEC 2025 with a spectacular showcase featuring the world debut of its groundbreaking 125kW Wall-Mounted Hybrid Inverter and the intelligent Solis Cloud AI Smart Energy Assistant. The event, held at Hall 5.1H (Booth E680), drew an impressive crowd of solar professionals, media, and clean energy advocates eager to witness the company’s bold vision for the future. 20th Anniversary Milestone: A Vision for the Future Opening…

Read More

OCAC Warns \$6bn Refinery Investment at Risk over GST Exemption on Petroleum

Admin
Refineries-Urge

KARACHI: The Oil Companies Advisory Council (OCAC) has voiced strong concern over the government’s continued General Sales Tax (GST) exemption on petroleum products in the newly announced Finance Bill, warning that it endangers a planned \$6 billion investment under the Pakistan Brownfield Oil Refining Policy 2023. In a letter to the petroleum minister, the OCAC acknowledged the government’s temporary relief allowing partial recovery of GST impact through the Inland Freight Equalisation Margin (IFEM) effective May 16, 2025. However, it deemed the measure inadequate and unsustainable. The council noted that despite…

Read More

Pakistani Energy Consortium Inks Landmark Offshore Deal with ADNOC

Admin
Energy-ADNOC

ISLAMABAD: In a significant boost for Pakistan’s energy sector, a consortium of major Pakistani oil and gas exploration firms has signed a landmark Production Concession Agreement (PCA) with the Abu Dhabi National Oil Company (ADNOC) for offshore hydrocarbon development in the United Arab Emirates (UAE). Mari Energies Limited (MARI) informed the Pakistan Stock Exchange (PSX) that the agreement pertains to Offshore Block 5, located 100 kilometres northeast of Abu Dhabi and spanning 6,223 square kilometres. The PCA was executed with the Supreme Council for Financial and Economic Affairs (SCFEA), ADNOC…

Read More

Govt Plans to Lift Surcharge Cap on Power Bills via NEPRA Act Amendment

Admin
Power-sector

ISLAMABAD: The federal government is preparing to amend the National Electric Power Regulatory Authority (NEPRA) Act to lift the existing 10% cap on electricity surcharges, enabling it to impose additional charges on power consumers, official sources revealed on Wednesday. The proposed legal amendment would grant the government broader authority to levy surcharges beyond the current limit, allowing for case-by-case tariff hikes and flexible duration of implementation. This change is aimed at addressing persistent financial challenges in the power sector. Officials disclosed that a proposal is under consideration to introduce an…

Read More

Budget 2025-26: Govt Warns of Rs500bn Tax Burden if Parliament Blocks Enforcement Measures

Admin
ECONOMIC-SURVEY

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday issued a stark warning: Pakistan could face an additional tax burden of Rs400–500 billion if Parliament fails to pass key enforcement measures outlined in the 2025–26 federal budget — already approved by the International Monetary Fund (IMF). “I now request my colleagues in both houses of Parliament to get the enabling clauses for enforcement measures passed; otherwise, we would have to take Rs400–500bn additional tax measures,” Mr Aurangzeb said at a post-budget press conference. The soft-spoken minister hinted at possible resistance within the…

Read More