According to the report, over 1 billion people in developing countries, including Pakistan, remain unbanked. In Pakistan, only 21% of adults have a bank or mobile money account. The ADB report states that many people rely on informal networks for financial transactions and that women’s access to banking services is half that of men. However, […]
The decision comes in light of a significant increase in the number of solar net-metering consumers, with associated financial implications for grid consumers, the statement added. As part of the approved changes, the ECC has revised the buyback rate from the National Average Power Purchase Price (NAPP) to Rs 10 per unit. Renowned energy and […]
Chad and Bangladesh were the world’s most polluted countries in 2024, with average smog levels more than 15 times higher than WHO guidelines, according to figures compiled by Swiss air quality monitoring firm IQAir. Only Australia, New Zealand, the Bahamas, Barbados, Grenada, Estonia and Iceland made the grade, IQAir said. Significant data gaps, especially in […]
Trump and his energy tsar Doug Burgum framed the venture as a way for Japan to replace Middle East energy shipments and address its trade imbalance with the U.S., according to two officials briefed on the closed-door talks. Japanese premier Shigeru Ishiba – eager to ensure a positive first meeting and stave off damaging U.S. […]
In a new interview with an Indian media outlet, Aamir Khan revealed that he has seen the rough cut of the upcoming film ‘Loveyapa’, co-starring his son Junaid with Khushi Kapoor, and found the latter to have a very similar on-screen energy as her late mother, Sridevi. “I liked this film, it is very entertaining. […]
Sharing the last 9 months performance of the power sector under the dynamic leadership of Prime Minister Shehbaz Sharif at a press conference here, the minister said the government was moving towards privatization and concession models and already appointed members of the Board of Directors (BoDs) of DISCOs purely on merit. Circular debt costs were […]
The Pakistan Atomic Energy Commission (PAEC) submitted its application for the C-5 license in April 2024, the statement said. Once operational, the C-5 unit will be Pakistan’s largest nuclear power plant, with a capacity of 1,200 megawatts, as reported by the PNRA. The PNRA assured that strict adherence to safety standards and principles will be […]
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 […]
