According to details, SSGC sent additional bills amounting to Rs2,085 to the consumers under the name of “conical baffle” charges. These extra charges are distressing millions of consumers within the 3.2 million customer network. It is being revealed that consumers received inflated bills regardless of whether geysers were installed in their homes. Extra charges were […]
Chairman of All Pakistan Textile Mills Association (APTMA), Asif Inam, has said that the most expensive electricity is being provided to mills in the country. Chairman APTMA has said that the corporate tax in Pakistan has risen to double in comparison to neighboring India. He said the cement factories are being run at 10 to […]
AI models, especially those used for deep learning and large-scale data processing, require substantial computational power, leading to higher energy consumption. The computing requirements for AI have dictated that tech companies string together thousands of chips in clusters to achieve the necessary amount of data-crunching power, leading to a surge in the demand for these […]
Hero MotoCorp-backed Ather is India’s fourth-largest e-scooter maker by market share and is aiming to list in a booming stock market where 200 companies have raised more than $7 billion through IPOs this year, per LSEG data. Ather Energy is selling new shares worth 31 billion rupees in the IPO, draft papers filed with the […]
Brent crude futures climbed 37 cents, or 0.5%, to $79.39 a barrel by 2300 GMT while U.S. crude futures were at $75.19 a barrel, up 36 cents, or 0.5%. In one of the biggest clashes in more than 10 months of border warfare, Hezbollah fired hundreds of rockets and drones into Israel on Sunday, as […]
“Ultimately the price rise we are announcing today is driven by our reliance on a volatile global gas market that is too easily influenced by unforeseen international events and the actions of aggressive states,” said Ofgem’s CEO Jonathan Brearley. “We know that this rise in the price cap is going to be extremely difficult for […]
Authorities announced environmental approvals for SunCable’s US$24 billion project in Australia’s remote north that is slated to power three million homes. The project, which will include an array of panels, batteries, and eventually, a cable linking Australia with Singapore, is backed by tech billionaire and green activist Mike Cannon-Brookes. “It will be the largest solar […]
According to the Auditor General of Pakistan’s audit report for 2023-24, eight power companies have incurred losses exceeding the stipulated limit, resulting in a massive loss of national kitty. The report highlights that the power companies’ losses exceeded the limit set by NEPRA, ranging from 8.84% to 20.16%. PESCO topped the list, causing a loss […]
He was talking to a delegation led by Executive Vice President Oceania and South Asia PARCO, Mehmet Celepoglu who called on him here, said a press release. The delegation also included the CEO and co-founder of Gunvor Group, Torbjörn Törnqvist, a key investor in Pakistan’s oil sector. The Finance Minister highlighted the ongoing energy reforms, […]
The newspaper said that the world’s top-selling automaker would seek to make the island of Kyushu, where Fukuoka is located, a central part of its supply chain for battery-powered vehicles and an export base for Asia. A Toyota spokesperson said the company was aware of the report, but that it was not something it had […]
