Category: Uncategorized

Green energy illuminates the Silk Road, and LONGi contributes to a low-carbon future for SCO (Shanghai Cooperation Organization) member states

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LONGi has actively participated in the energy transition of SCO countries, with several landmark projects already completed and operational. Since the Astana Summit of the Shanghai Cooperation Organization (hereinafter referred to as “SCO”) in July 2024, China has officially assumed the rotating chairmanship and will host the Heads of State Summit in Tianjin from August 31 to September 1, 2025. During this period, LONGi has actively promoted the “Belt and Road Initiative” and the principles of global sustainable development by engaging in extensive and in-depth energy cooperation with numerous member…

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ADB president hails Pakistan’s economic reforms

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ISLAMABAD: As the government plans to launch the inaugural Panda Bond by the end of current calendar year, the Asian Development Bank (ADB) on Wednesday pledged its readiness to assist in the launch as well as other innovative financing instruments. The ADB president expressed appreciation for Pakistan’s economic reforms and resilience, commending the progress achieved in stabilizing the economy and advancing structural reforms. A meeting was held on Wednesday between Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, and Masato Kanda, President of the Asian Development Bank (ADB), at…

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Floods could strain Pakistan’s economy and disrupt food supplies, warns finance ministry

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petroleum

The finance ministry on Thursday warned that Pakistan’s economy faces risks from flood-related damages, which may add fiscal pressures and disrupt food supplies in affected areas. The ministry, in its latest monthly economic outlook, said that Pakistan’s economy entered FY2026 with stable macroeconomic conditions and improved growth prospects, supported by a stronger external and fiscal position. “On a YoY basis, LSM [large scale manufacturing] has been on a steady recovery since April 2025, peaking in June, and is expected to gain further momentum with improvements in automotive and fertiliser output,”…

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Oil ticks up on US crude stocks drop, impact of US tariffs on India

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Oil price

HOUSTON: Oil prices edged higher on Wednesday on a larger-than-expected drop in U.S. crude inventories and the potential impact of new U.S. tariffs on India. Brent crude futures were up 43 cents, or 0.6%, at $67.65 a barrel by 10:58 a.m. ET (1458 GMT). West Texas Intermediate crude futures gained 50 cents, or 0.8%, to $63.77. Both contracts fell by more than 2% on Tuesday. U.S. crude inventories dropped by 2.4 million barrels to 418.3 million barrels last week, the Energy Information Administration said, compared with analysts’ expectations in a Reuters poll…

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AMI meter to be a game-changer in curbing power theft: IESCO CEO

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ISLAMABAD: The Chief Executive Officer Islamabad Electric Supply Company (IESCO), Engineer Ch Khalid Mahmood, has said that the introduction of Advanced Metering Infrastructure (AMI) meters is a revolutionary step in the power sector of Pakistan having many advanced features and fight against electricity theft and in ensuring transparency is one of those. While giving brief Engineer Ch Khalid Mahmood said AMI meters are equipped with modern features that automatically detect and report theft attempts and meter disturbances to the AMI Operation Centre. Recently numerous power theft and meter accuracy disturbance…

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