Proton X70 Delivery fulfils promise made to Pakistan Prime Minister on 22 March 2019 New assembly plant in Pakistan to start production activities in 2021

Islamabad: When the Prime Minister of Malaysia, Yang Amat Berhormat Tun Dr Mahathir Mohamad visited Pakistan for the country’s Resolution Day Celebrations in March this year, he gifted the Prime Minister of Pakistan, His Excellency Mr Imran Khan, a unit of the Proton X70 during a ceremonial plaque signing ceremony…. Continue reading

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Gresham House acquires two operational battery storage facilities for£29.2 million

LONDON: Gresham House Energy Storage Fund has acquired two operational battery storage facilities totalling 50MW from VLC Energy for £29.2 million. The acquisition increases the total capacity of operational utility-scale battery storage projects in the Fund’s investment portfolio to 125MW. The facilities comprise a 40MW facility at Glassenbury, Kent, and… Continue reading

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Yü Group enters energy trading agreement with SmartestEnergy Limited

LONDON: Yü Group, the independent supplier of gas, electricity and water focused on servicing the business sector throughout the UK, has entered into a new structured trading agreement with SmartestEnergy Limited. The Group has, until now, relied on a number of trading arrangements to access wholesale electricity and gas commodity… Continue reading

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SBP clarifies misconceptions about investment in debt markets

KARACHI: There are several misconceptions about the implications of international investors’ investments in the debt markets of Pakistan. State Bank of Pakistan would like to clarify as under: 1. International investors have been investing in Pakistan’s equity markets for a long time. Such investments are considered portfolio investments, just like… Continue reading

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