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Solar systems from Sindh will only cost Rs 7,000!

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The World Bank and the Sindh government have announced plans to work together to provide the people with entire solar systems for a mere Rs7,000.

The goal of this project is to address the province’s energy problems and offer sustainable electrical alternatives to all families.

This initiative would provide entire solar systems to 200,000 families in Sindh, including 50,000 in Karachi, for a modest fee of Rs 7,000. Households can benefit from critical illumination and ventilation, as each solar system is built to power a fan and three LED bulbs.

According to the director of alternative energy in Sindh, 6,656 solar systems would be placed in every district of the province, resulting in a significant distribution effort in all areas. With solar panels, charge controllers, and batteries included in the system package, the project is scheduled to start in October as soon as the purchase is finalized.

Future growth of the project is possible thanks to funding from the World Bank, which has provided $32 million for it.

As evidence of its dedication to renewable energy sources, Sindh has already begun producing 400MW of electricity from solar power.

However, plans to give away free solar systems to 50,000 Punjabi homes have been revealed by the provincial government. The province government has fully sponsored this effort, which has an estimated cost of Rs10 billion and is intended to lower electricity bills for low-consumption homes.

Families with monthly electricity use of up to 100 units are eligible for the free solar systems under the program. All costs, including those associated with purchasing and installing the solar systems, will be met by the government.

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Islamic Sukuk Bonds: Government Is Expected To Begin Bond Auction Next Week

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There is now more positive economic news for the people of Pakistan. The government is anticipated to begin the Sukuk Islamic Bond auction next week, after the central bank’s announcement of a large drop in the policy rate.

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SIFC Encourages Green Tourism: Reforming Visas to Increase Investment

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Enhancing investment in the tourism sector, Green Tourism Pakistan’s initiative has received backing from the Special Investment Facilitation Council.

Visa-On-Arrival for 126 countries, Visa-Free Entry for Gulf Cooperation Council nations, and 24-hour expedited visa processing are some of the main features of the Green Tourism Visa Policy.

It is anticipated that these endeavors will draw in about 80 million dollars in foreign direct investment and 8.3 billion rupees in domestic investment.

Green Tourism Private Limited has introduced hunting resorts in Naltar, Hunza, and Skardu, along with four- and five-star city hotels, to improve the tourism experience.

In the first phase of the project, 17 of the 78 areas have seen the start of development activity.

Approved is a central authority for Green Tourism that will supervise the growth of Air Operations.

To promote Religious Tourism, extra precautions have been taken to guarantee the security of visitors from all religions, including Sikhs and Buddhists.

Furthermore, in order to improve the quality of the tourist experience, the green guide quality program has been introduced to supply top-notch tour guides.

There is now a deluxe bus excursion from Islamabad to Peshawar that promotes local culture.

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July 2024 export data from Pakistan shows a significant rise.

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The Strategic Investment Facilitation Council (SIFC) has been instrumental in improving Pakistani products’ access to international markets, as seen by the significant surge in exports from the country at the start of the 2024–25 fiscal year.

With a 7.26% rise over the same month the previous year, July 2024 exports to the US were $476.017 million. After increasing by 7.74% annually, the United Arab Emirates emerged as the second-largest export destination.

The third and fourth places were occupied by exports to the UK ($183.303 million) and China ($60.100 million). A substantial increase in exports to Afghanistan was recorded in July of this year, rising from $46.262 million to $88.065 million, largely due to successful anti-smuggling efforts.

With a combined export volume of $553.951 million, more important export destinations included Germany, the Netherlands, Italy, Spain, Saudi Arabia, and Turkey.

A bright future for the national economy is suggested by the growing confidence major international markets have in Pakistani exports. Through the efforts of SIFC and the government, this greater access to global markets has been made possible.

Pakistan’s economy is predicted to remain stable as a result of the export growth that SIFC has enabled.

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