Year: 2021

Oil prices are on course to post their first weekly loss in two months, with both coal and natural gas prices falling as well. Whether this marks the end of the recent crazed rally in energy prices remains to be seen, but there are certainly more bearish factors on the horizon. For a deeper dive into exactly what is going on in energy markets at the moment, sign up for a risk-free trial of our premium service Global Energy Alert. From geopolitical intelligence to trading tips and technical analysis, it’s…

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While lowering down Pakistan’s GDP growth projection to 3.4 percent and keeping inflation at 9 percent for the current fiscal year, the World Bank has highlighted four major risks for Islamabad’s economy, including external pressures and increasing exposure to debt-related shocks. This was highlighted in the World Bank’s ‘Pakistan Development Update: Reviving Exports’, launched here at the WB office here on Thursday. Pakistan has envisaged a GDP growth rate target of 4.8 percent for the current fiscal year. Interestingly, the WB has again projected a GDP growth rate of 3.5…

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Demand of high-speed diesel has increased by 26 percent whilst petrol consumption has risen by 14 percent during first quarter of FY(22). Similarly, electricity consumption has risen by 13 percent during this calendar year. All signs of robust economic growth that may be even higher than last year’s,” said Hamad Azhar Minister of Energy said in a tweet. This is a direct result of the concessional energy/power tariffs offered to commercial and industrial sectors. In Pakistan, petrol is being used mostly in cars and motorbikes, while diesel is used in…

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