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Pakistan Seeks Chinese Debt Restructuring Amid Rising CPEC Project Payments

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CPEC-IPPs

ISLAMABAD: On Thursday, Pakistan formally requested China to reschedule its debts as unpaid dues for China-Pakistan Economic Corridor (CPEC) power projects surged by 44%, reaching Rs401 billion by the end of the last fiscal year. These outstanding payments, violating the 2015 CPEC Energy Framework Agreement, are hampering financial and commercial relations between the two nations. Finance Minister Senator Muhammad Aurangzeb and Energy Minister Sardar Awais Laghari met with China’s Finance Minister and the President of China Export and Credit Insurance Corp (SINOSURE) to address the issue. SINOSURE had insured the…

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Haier launches groundbreaking CSR campaign aimed at empowering talented students

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Haier launches groundbreaking CSR campaign July 24, 2024 In a world where access to education can often be a barrier to success, Haier is stepping up to make a difference. With a firm belief in the power of education to transform lives, Haier launched a groundbreaking CSR campaign aimed at empowering talented students with limited resources to reach their full potential. The concept is simple yet profound: Haier will sponsor the education of deserving students at Punjab University, providing them with the opportunity to pursue their dreams without the burden…

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OICCI Members Positively Impact 40m People Across Pakistan Through Their CSR Initiatives

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OICCI Members Positively Impact 40m People Across Pakistan July 24, 2024 Karachi: Overseas Investors Chamber of Commerce and Industry’s member companies have invested Rs 13 billion in 2022-2023 in local communities, positively impacting 40 million individuals across the country. In collaboration with over 290 social sector organisations, the OICCI members have extended their CSR initiatives to all the four provinces of Pakistan, including Azad Jammu and Kashmir and Gilgit-Baltistan, to build a legacy that transcends profits and inspires progressive change in Pakistan. The Overseas Investors Chamber of Commerce and Industry…

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Solar panel world record achieved with ‘miracle material’

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Solar panel world record achieved with ‘miracle material’ June 19, 2024 A new efficiency world record for converting sunlight into electricity has been set, in what researchers claim is a huge boost for renewable energy. Researchers at Longi, the world’s biggest solar panel manufacturer, achieved a 34.6 per cent power conversion efficiency using a tandem perovskite-silicon solar cell, beating the previous record by 0.7 per cent. The new record is also more than 7 per cent more efficient than the record for a standard silicon solar cell, which is found in most commercial solar…

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CETC-Red Solar to Unveil Advanced Photovoltaic Innovations at SNEC 2024

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CETC-Red Solar, a leading solar manufacturer in the photovoltaic industry, is set to showcase its cutting-edge smart photovoltaic cells and customized modules, flexible photovoltaic components, Turnkey solution and production lines, and comprehensive EPC services at the much-anticipated SNEC 2024 in Shanghai. Join us from June 13 to June 15, 2024, at Booth D790, Hall 3, located in the prestigious National Exhibition and Convention Centre (Shanghai), China. Leveraging the impressive expertise of CETC’s extensive technical team, CETC-Red Solar is at the forefront of solar innovation. Our smart photovoltaic solutions exemplify the…

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