Trends - solar projects - Business Recorder

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PM Shehbaz calls for immediate shutdown of inefficient power plants, pushes for renewables

Statement from PM's Office says premier wants reforms in power sector expedited

Updated 13 Dec, 2024 09:54pm

150MW renewable energy projects: Nepra concludes hearing of KE’s Bid Evaluation Report

KARACHI: K-Electric (KE) has made remarkable progress in its journey toward renewable energy with the submission of...

Updated 12 Dec, 2024 09:39am

Markets

TotalEnergies to invest $444 million in solar venture with Adani

MUMBAI: India’s Adani Group will set up a joint venture with TotalEnergies to manage a 1,150-megawatt portfolio of...

Published 03 Sep, 2024 01:06pm

150MW solar projects: KE receives lowest tariff bid

KARACHI: Following the successful milestone of technical bid opening for K-Electric’s 150 MW solar energy projects...

Updated 20 Aug, 2024 08:48am

Perspectives

You should have seen it coming: solar surge in Karachi amid escalating energy costs

In Karachi, Pakistan’s largest metropolis, residents are increasingly turning to solar as a solution to soaring...

Published 17 Aug, 2024 12:11pm

Three solar PV projects: PPIB all set to extend LoIs for 12 months

ISLAMABAD: Private Power and Infrastructure Board (PPIB) is all set to extend Letters of Intent (LoIs) for 12...

Updated 17 Aug, 2024 07:24pm

PM, CM discuss K-IV, KCR, solar projects

KARACHI: Prime Minister of Pakistan Shehbaz Sharif and Sindh Chief Minister Syed Murad Ali Shah, in their one-on-one...

Updated 10 Aug, 2024 04:20pm

BR Research

Reinvigorating investor confidence

The new fiscal year has started with a focus on economic stability and improvement, which is an encouraging sign....

Published 05 Aug, 2024 09:12am

Business & Finance

KE completes another significant milestone

KARACHI: K-Electric (KE) completed another significant milestone in its ambitions to enhance its share of renewable...

Published 02 Aug, 2024 05:55am

Markets

Amid funding crunch, solar companies are being offered a door at PSX

KARACHI: On top of uncertainty around the government’s consideration to cut buyback rates, adoption of solar power...

Updated 27 May, 2024 11:34am

Markets

Nepra urged to revise NAPP upward like other solar projects

ISLAMABAD: A Karachi-based Roof-Top residential solar net metering group has urged the National Electric Power...

Published 17 May, 2024 05:50am

Markets

Amid high tariffs, Pakistan’s industrial base is ramping up transition to solar power

Taking advantage of the natural resource at their disposal, industries in Pakistan are switching towards solar to...

Updated 15 May, 2024 11:06pm

Markets

Govt’s balancing act: incentivise solar, but not too much?

KARACHI: Pakistan’s government has once again been caught in a tight spot. It wants to promote renewable energy –...

Updated 10 May, 2024 09:51am

Fast-track solar PV projects by Arab countries: FBR asked to amend sales tax, income tax laws

The government is actively working towards the development of solar PV projects utilizing the G2G mode

Updated 06 May, 2024 09:25am

Markets

Energy sector experts say ‘solar tax is not a hoax’

LAHORE: The energy sector experts have feared that the solar tax was not a hoax. Rather, it was a litmus check to...

Published 02 May, 2024 04:58am

Markets

No intention to impose fixed tax on solar, Power Division clarifies

No such summary sent to the government, read the statement

Updated 27 Apr, 2024 08:07pm

Markets

Pakistan’s power generation falls over 8% year-on-year

Power generation in Pakistan clocked in at 8,023 GWh (10,784 MW) in March 2024, down 8.2% as compared to the same...

Published 18 Apr, 2024 03:23pm

‘Withheld’ renewable energy projects: PFREIF accuses Power Div of misguiding SIFC

ISLAMABAD: Pakistan Foreign Renewable Energy Investors Forum (PFREIF) has accused Power Division’s bureaucracy of...

Updated 17 Apr, 2024 09:10am

Solar projects’ setup in southern Punjab: PPIB ready to facilitate Saudi company

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has shown willingness to facilitate Saudi company M/s...

Updated 27 Feb, 2024 09:03am

Markets

Solar firms say raising finances for projects ‘most difficult’

There are incentives as well as monetary benefits to do the right thing for the planet by opting for renewables such...

Published 20 Feb, 2024 11:32pm

300MW category–III wind project: SIFC EC directs PPIB to conduct bidding process

ISLAMABAD: The Executive Committee of the Special Investment Facilitation Council (SIFC) has directed the Private...

Updated 10 Feb, 2024 04:23pm

Markets

300MW floating solar project: Wapda organises ‘road show’ in Bangkok

LAHORE: The Wapda organized a day-long road show in Bangkok on Monday for the 300 MW-Floating solar project; the...

Published 30 Jan, 2024 04:52am

Business & Finance

Wind, solar projects: PPIB seeks details of LoIs issued by Punjab, Sindh

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has sought details of Letters of Intent (LoIs) of wind...

Updated 10 Jan, 2024 09:00am

Solar PV panels: FBR accused of compelling importers to quote higher rates

ISLAMABAD: Pakistan Alternative Energy Association (PAEA) has accused Federal Board of Revenue (FBR) of compelling...

Updated 08 Jan, 2024 09:45am

CSAIL outlines its contribution to national grid under CPEC

ISLAMABAD: The China Three Gorges South Asia Investment Ltd (CSAIL) launched its “ESG Performance Report 2023”...

Updated 19 Dec, 2023 09:33am

Bidding for solar projects: Private sector investors seek deadline extension

ISLAMABAD: Private sector investors have advised the government to extend the deadline for bidding of 600 MWp PV...

Updated 17 Dec, 2023 09:25am

Security concerns: Saudi firm says unable to sign pacts on solar projects

Absence of some key enabling factors include lack of base tariff, legal framework for G-to-G collaboration, land, ability to pay for power and the issue of connectivity with grid

Updated 28 Nov, 2023 01:19pm

Business & Finance

Expert brings under national focus critical importance of achieving energy security

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) organized an Industry Dialogue titled...

Published 25 Aug, 2023 06:34am

Pakistan

PM launches Rs377bn project to convert 100,000 agriculture tube wells on solar power

Shehbaz says low-cost power supply is inevitable to make Pakistan's exports competitive

Updated 08 Aug, 2023 10:45pm

Govt has settled KE dispute, reduced circular debt: minister

ISLAMABAD: The coalition government of Pakistan Muslim League-Nawaz (PML-N), on Monday, claimed that it settled...

Updated 01 Aug, 2023 09:42am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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