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Pakistan’s solar panel prices are at an all-time low.

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3 months ago

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Insiders in the industry revealed that the drastic drop in lithium battery prices globally is the main factor responsible for this price decrease.

The solar energy business has experienced a significant shakeup due to the roughly 50% decline in lithium battery prices over the last year.

Due to importers’ refusal to share the savings with local customers, dry battery prices are mostly unchanged.

The rising demand for net metering has propelled Pakistan’s solar energy industry to spectacular growth since 2023. Numerous customers have shifted to more cost-effective and dependable solar energy options as a result of the nation’s reliance on pricey grid electricity.

Pakistan is well-positioned to maintain its increasing trend in the use of renewable energy sources, as solar kits are now available at historically low prices.

The Power Division denied allegations earlier on April 27 that suggested a set tax on solar energy will be implemented, calling the claims unfounded and deceptive.

According to the Power Division, no such report about the implementation of a fixed tariff on solar energy has been provided to the government.

Explore Further: Solar Solution in Pakistan: Everything You Should Know

The announcement followed reports from sources yesterday that the Central Power Purchasing Agency (CPPA) suggested taxing anyone who use solar panels for home or business use at the federal level.

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SIFC Promotes International Honey Trade: Malaysia Becomes an Export Destination for KP 60,000 Honey Farms

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The successful arrival of Khyber Pakhtunkhwa’s first batch of SIDR honey in Malaysia is a major turning point for Pakistan’s honey sector.

The special investment facilitation council is helping to raise the profile of Pakistan’s agricultural exports internationally.

The Ministry of Commerce is dedicated to increasing Pakistan’s honey exports internationally, and the Pakistani high commission in Kuala Lumpur has been instrumental in fostering collaborations between Malaysian and Pakistani companies.

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The KSE-100 is getting closer to the 100,000 level thanks to bullish momentum.

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At 98,164.24 points, the benchmark KSE-100 Index is just 1,800 points away from the much-anticipated 100,000 level and is approaching a historic milestone.

Favorable macroeconomic indicators and high investor confidence have propelled the index’s bullish momentum as of 9:47 a.m. today.

The KSE-100 had a significant increase of 469.84 points, or 0.48%, on Friday, closing at 97,798.23 points. Market optimism was indicated by the index’s quick spike to an intraday high of 99,623.03 points.

Analysts have increased their estimates, predicting that by the end of 2025, the KSE-100 might rise to 120,000. Continued improvements in macroeconomic conditions, such as declining bond yields, are anticipated to be the main drivers of this spike since they are bringing more liquidity to the equities market.

Following the drop in bond yields, mutual funds have made about $132 million in investments in Pakistani stocks since January 2024. This influx of funds is considered a favorable indicator of investor sentiment.

The market has also risen as a result of the State Bank of Pakistan’s decision to reduce interest rates by a total of 700 basis points, from 22% in May 2024 to 15% now.

The All-Share Index, which measures the overall market, also showed robust gains. With a net increase of 280.51 points, or 0.44%, it was at 62,376.87 points. Expectations of additional growth in the equity market are being bolstered by this encouraging trend.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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4 days ago

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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