Category: Uncategorized

Govt hikes petrol price by Rs13.18, high-speed diesel by Rs13.80

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The federal government on Friday increased the prices of petrol and high-speed diesel (HSD) by Rs13.18 and Rs13.80 per litre, respectively, for the next week, as global oil markets remain volatile following the recent escalation between the United States and Iran. According to a press release issued by the Petroleum Division, the new price of petrol has been fixed at Rs310.71 per litre, while HSD will cost Rs323.30 per litre. The revised prices will take effect from midnight on Friday. The latest increase follows renewed tensions between the United States…

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US electricity output hits record high, tops 100,000 GWh for first time, EEI says

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July 9 (Reuters) – U.S. electricity generation hit a record high ​last week as ‌an intense heatwave across much of the country boosted ​air-conditioning demand, according ​to data from the Edison ⁠Electric Institute. Power output ​reached 100,996 gigawatt-hours (GWh) in ​the week ended July 4, surpassing the previous record of ​99,445 GWh set ​in July 2022. Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here. Over the past 52 ‌weeks, ⁠U.S. electricity generation totalled 4.35 million GWh, up 2.3% from…

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Growatt SPM 3000~6000TL-HU2: A New Hybrid Storage Benchmark

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As electricity shortages, rising utility tariffs and unstable grid conditions continue to challenge households and businesses across Pakistan, demand for residential solar-plus-storage systems is growing rapidly. Homeowners and installers are increasingly seeking solutions that are easy to install, compatible with existing PV systems, and capable of providing reliable backup power. The new Growatt SPM 3000-6000TL-HU2 single-phase hybrid inverter has been designed to address these needs. Featuring a compact and lightweight design, higher PV oversizing capability, flexible retrofit options and scalable three-phase expansion, the inverter offers an efficient solution for both…

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Budget 2026-27 Announcement Uncertain as Centre, Provinces Remain at Odds Over Fiscal Demands

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Budget

ISLAMABAD: The presentation of Pakistan’s federal budget for 2026-27 has been thrown into uncertainty after the meeting of the National Economic Council (NEC) was postponed for the third consecutive time amid unresolved disputes between the federal government and provinces over fiscal resource sharing. Originally scheduled for June 8, the NEC meeting was deferred at the last moment as negotiations continued over the federal government’s proposal to secure more than Rs1 trillion in additional funding for strategic national requirements. The proposal involves freezing provincial shares under the National Finance Commission (NFC)…

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Pakistan Among Most Climate-Vulnerable Nations, Faces Heavy Economic Losses: SBP Report

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KARACHI: Pakistan remains one of the world’s most climate-vulnerable countries despite contributing only a minimal share to global greenhouse gas (GHG) emissions, according to a detailed report released by the State Bank of Pakistan (SBP) in its half-yearly economic review. The report noted that climatic disasters in Pakistan during 2000-2024 were significantly higher than both global and regional averages, continuing a trend observed over the previous two decades. The SBP highlighted the country’s difficult balancing act of pursuing economic growth while simultaneously reducing its emission intensity. “Pakistan faces a particularly…

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