Solar panels: Govt announces major relief in federal budget

Workers washing 300 KWP solar PV system after its installation at Nishtar Medical University and Hospital in Multan, on December 4, 2022. — APP ISLAMABAD: In a bid to promote localisation, the federal government on Wednesday announced major relief on the imports of solar panel. Delivering the budget speech for the year 2024-25 in the […]

Budget: Govt unveils major funding for primary education

A girl reading a book while attending her daily class with others at a government school in Peshawar. — Reuters/File ISLAMABAD: The incumbent government has earmarked major funding for the education sector in the federal budget 2024-25, in order to provide a suitable environment for children’s schooling.   While presenting the budget in the National Assembly […]

In major relief to masses, petrol price reduced by Rs15.39 per litre

A view petrol pump empty in Federal Capital. — Online/File The government has reduced the per litre price of petrol price by Rs15.39 for the next fortnight in the country, providing a major relief to the masses grappling with inflation. The latest reduction in fuel prices come on the recommendation of the Oil and Gas […]

Exploration firm targets major fields | The Express Tribune

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), the largest hydrocarbon explorer in Pakistan, has targeted 20 major fields, mainly in the north and south, to enhance production and contribute to overcoming the energy crisis in the country. Owing to the rising demand for gas, Pakistan is relying more on the imported liquefied natural gas […]

Forex reserves get major boost as Pakistan receives $1.1bn IMF tranche

A currency dealer counts US dollar notes at an exchange in Karachi on May 19, 2022. — AFP/File Pakistan’s foreign exchange reserves got a major boost as the State Bank of Pakistan (SBP) on Tuesday confirmed receiving $1.1 billion from the International Monetary Fund (IMF) a day after the global lender approved the last tranche […]

Egypt, UAE sign major $35bn deal to develop Ras al-Hekma

Representational image shows an aerial view of a luxury hotel complex in the Egyptian Red Sea resort city of Sharm el-Sheikh at the southern tip of the Sinai peninsula. — AFP/File In one of the largest agreements of its type, Egypt and the United Arab Emirates signed an economic partnership agreement of $35billion on Friday […]

Major AI chips designer chases $30b market | The Express Tribune

SAN FRANCISCO: Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to sources familiar with the company’s plans. The dominant global designer and supplier of AI chips aims to capture a portion of an exploding market for custom AI chips […]

Govt eyes major gas policy reforms | The Express Tribune

ISLAMABAD: The interim government has decided to make major changes in Pakistan’s two gas exploration and production policies, aiming to reverse an exodus of foreign firms and lessen reliance on expensive imported fuels that have consumed more than $23 billion in less than a decade. A meeting of the Council of Common Interests, the country’s […]

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