Category: Shortcode

OGRA Enforces New Safety and Branding Standards for Oil Tankers

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OGRA

KARACHI: The Oil and Gas Regulatory Authority (OGRA) has mandated that oil marketing companies (OMCs) strictly comply with updated safety and branding standards for tank lorries transporting petroleum products throughout Pakistan. In a circular, OGRA outlined specific safety, color, and branding guidelines, requiring tank lorries to display the OMC’s designated color scheme, logo, and brand, and to be equipped with tracker devices for enhanced monitoring. The directive follows OGRA’s observation that some OMCs were not fully adhering to branding protocols, which are essential for ensuring uniformity and physical reporting compliance.…

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Pakistan to Establish 10,000 EV Charging Stations by 2030 in Push for Sustainable Transport

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electric-vehicles

ISLAMABAD: Federal Minister for Industries and Production Rana Tanveer Hussain announced Pakistan’s plan to set up 10,000 electric vehicle (EV) charging stations nationwide by 2030. This initiative aims to reduce fuel imports, lower carbon emissions, and support eco-friendly transportation. Speaking at an exhibition by the Engineering Development Board (EDB), Hussain highlighted Pakistan’s shift to EVs, sharing that 31 companies have shown interest in the sector, with two already licensed to manufacture electric vehicles. He revealed that the second EV policy, expected by November 30, will enhance the framework set by…

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Government’s ‘Winter Package’ for Power Consumption Stalls Amid IMF Approval Uncertainty

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pak-imf

ISLAMABAD: The federal government’s proposed ‘Winter Package 2024,’ aimed at boosting electricity consumption during winter, remains uncertain as conflicting reports emerge regarding International Monetary Fund (IMF) approval. The package seeks to lower electricity rates by Rs 7-8 per unit nationwide for five months, from December 2024 to April 2025, in an effort to increase domestic demand and reduce capacity charges. Officials disclosed that the IMF has yet to fully approve the plan, despite a recent meeting where the government presented data on projected consumption increases and economic impacts. While one…

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Leaders Highlight Need for immediate action to Tackle Pakistan’s Economic and Environmental Challenges

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summit

Karachi, November 06, 2024: The 8th Edition of THE FUTURE SUMMIT commenced with a packed hall at a local hotel in Karachi. Farrukh Amin, Chief Executive Officer, Unity Foods Limited and Muhammad Azfar Ahsan, Founder & Chairman, Nutshell Group, welcomed the audience. The inaugural session featured an impressive lineup of speakers including Senator Muhammad Aurangzeb, Federal Minister for Finance & Revenue; Dr. Shamshad Akhtar, Chairperson, Pakistan Stock Exchange Ltd.; Yousaf Hussain, President, OICCI and President & CEO, Faysal Bank Limited; Dr. Bakheet Ateeq Al Rumaithi, Consul General of the UAE;…

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Chinese Solar Giants Report Mixed Q3 Results Amid Market Challenges

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Solar-Panels

In their Q3 2024 financial reports, China’s top solar companies – JinkoSolar, JA Solar, LONGi, and Trina Solar – showed varied performance as they navigated industry pressures. JinkoSolar faced a sharp 99.41% year-on-year profit drop, posting a net profit of CNY 14.87 million ($2.09 million) and a 22.09% revenue decline to CNY 24.519 billion. Over the first nine months, JinkoSolar’s revenue totaled CNY 71.77 billion, down 15.66%, with module shipments reaching 67.65 GW, primarily n-type. It aims for annual shipments of up to 100 GW. JA Solar saw a CNY…

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