Category: Shortcode

SSGC intensifies raids on gas thieves

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SSGC

KARACHI: In its efforts to curb the rising menace of gas theft, the Sui Southern Gas Company Ltd. has been taking strict actions against those involved in illegally obtaining gas through SSGC’s distribution lines. Recently, in a raid carried out in Zafar Colony, Quetta Cantt, 200 houses were found to be involved in gas theft without having any meters. The information was provided by Incharge Cantt Zone to the Counter Gas Theft Operations team of SSGC, who then raided the area, disconnected the illegal gas connections ans installed meters for…

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CHINT Power signs deals with PV firms

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Chint-Power

Under contracts, Pakistani partners will distribute 200MW of inverters BEIJING: Chint Power recently signed cooperation agreements with two photovoltaic (PV) companies for the distribution of 200 megawatts of inverters. Chint Power introduced industrial and commercial PV, ground power plant PV and energy storage system solutions at SolarEX in Turkey and reached these cooperation deals. Chint Power is a solar power system solution provider that designs, manufactures, and supplies high-reliability PV inverters and power solutions for customers. It will work with the two Pakistani partners to explore the local PV market…

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Solar panel prices reach all-time lows, expected to decrease further

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solar-panel

Market offers 7 to 15-kilowatt systems for as low as Rs 200,000 The decline in solar panel prices can be attributed to the increasing production by Chinese companies, which has flooded the global market. This oversupply has made it challenging for US and European manufacturers to compete, resulting in a significant drop in prices.According to the International Energy Agency, global solar panel supply is projected to reach 1,100 gigawatts by the year’s end, tripling the current demand. Prices on the spot market have already halved in 2023 and are anticipated…

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Pakistan’s Remittances Surge to $2.95 Billion

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state-bank

Karachi: In March, workers’ remittances to Pakistan soared to a two-year high of $2.95 billion, contributing to a total of $21 billion in the first nine months of fiscal year 2024. This surge in remittances is attributed to overseas Pakistanis sending higher funds during Ramadan and ahead of the Eid festival. According to the State Bank of Pakistan (SBP), remittances increased by 31.1% compared to February and by 16.4% compared to March 2023. Tahir Abbas, Head of Research at Arif Habib Limited, noted that March’s inflow of $3 billion aligns…

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Pakistan Issues 34 Licences for Electric Vehicle Manufacturing

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electrical-vehicles

Islamabad: The Engineering Development Board (EDB) has granted 34 licences to manufacturers of two- and three-wheelers under Pakistan’s Electric Vehicles Policy for 2020-2025, signaling a significant step towards transitioning from traditional fuel-powered vehicles to electric ones. During a webinar at the Sustainable Development Policy Institute (SDPI) titled “Pakistan’s Electric Vehicle Market: Challenges, Opportunities, and the 2030 Agenda”, Asim Ayaz, a senior EDB official, highlighted private sector involvement in EV manufacturing. He underscored the challenge of financing for customers due to the higher costs of EVs compared to fuel-based vehicles, mainly…

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