Category: Popular News

Oil Prices Rebound from 5-Week Low Amid Trump’s Threats Over Russian Crude Trade

Admin
Oil prices

TOKYO: Oil prices bounced back on Wednesday following a sharp dip, as market participants weighed potential supply disruptions triggered by U.S. President Donald Trump’s fresh threats of tariffs on India for its continued imports of Russian crude. Brent crude futures rose 29 cents, or 0.4%, to \$67.93 per barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) gained 28 cents, or 0.4%, reaching \$65.44 a barrel. Both benchmarks had plunged more than \$1 on Tuesday to hit their lowest levels in five weeks amid concerns of oversupply following OPEC+’s…

Read More

Pakistan Misses Three Key IMF Targets Despite Posting Record Primary Surplus

Admin
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…

Read More

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

Admin
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…

Read More

Sindh Government Prioritizing Affordable Power for the People: Energy Minister

Admin
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…

Read More

Bangladesh Eyes Pakistani Coal, Limestone Imports to Fuel Industrial Growth

Admin
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…

Read More