Japan's Real Wages Fall Most Since 2023 as Inflation Bites
Real wages declined 2.9% from a year earlier in May, compared to economists' consensus call of a 1.7% fall, the labor ministry reported Monday. Nominal wages rose 1% from the previous year, climbing at a much slower pace than economists expected.
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SUZHOU, China, July 7, 2025 /PRNewswire/ -- In a strategic move to bolster Pakistan's renewable energy sector, TCL Solar has entered into landmark distribution agreements with AU Solar Solution Pvt. Ltd. and Madina Solar Pvt. Ltd. The partnerships, signed in Suzhou, establish both companies as TCL Solar's official distributors in Pakistan with ambitious targets to deliver 150MW (AU Solar) and 100MW (Madina Solar) of high-efficiency solar modules to the Pakistani market in 2025. This collaboration brings together TCL Solar's global technological expertise with the local market leadership of AU Solar and Madina Solar, creating a powerful alliance to accelerate Pakistan's transition to clean energy. Pakistan's Solar Market: Rapid Growth and Untapped Potential Pakistan's solar market is experiencing unprecedented growth, driven by abundant solar resources and increasing energy demand. With over 3000 hours of annual sunshine in some regions, the country has one of the highest solar irradiance levels globally. The government aims to achieve 5GW by the end of 2025, with further expansion expected as part of its commitment to sourcing 60% of electricity from renewables by 2030. Global Expertise Meets Local Market Leadership This strategic partnership combines TCL Solar's global R&D capabilities and vertically integrated manufacturing with AU Solar and Madina Solar's deep local market penetration. TCL Solar brings to the table its internationally recognized technical expertise, having deployed solar solutions across multiple continents, while its Pakistani partners contribute their extensive nationwide distribution networks covering key regions from Lahore to Karachi. AU Solar's strong presence in agricultural solar applications and Madina Solar's decade-long experience in residential and commercial installations create a complete market coverage that perfectly complements TCL Solar's technology portfolio. This synergy ensures Pakistani customers receive world-class products backed by localized service and support. Powering Pakistan's Renewable Energy Growth The 250MW distribution agreement comes at a pivotal moment for Pakistan's energy market, as the country seeks to reduce fossil fuel dependence, expand energy access, and support its growing industrial and agricultural power requirements. Mr. Adnan Zia, CEO at AU Solar, stated: "TCL Solar's technology diversity allows us to precisely match products to each customer's unique requirements, whether for urban installations or rural solar applications." And Mr. Ali Raza, CEO at Madina Solar, added: "This partnership combines global innovation with local expertise to deliver complete solar solutions tailored for Pakistan's evolving energy landscape." View original content to download multimedia: SOURCE TCL Solar Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
