September 2022
Day: September 19, 2022
Master plan for sustainable development of mineral sector initiated
The Mines and Minerals Department has initiated a master plan to switch over from the traditional regulatory mode to a more facilitative, ease of business, investment attractive, sustainable, safe and mines workers welfare-oriented mineral sector. In this connection, the department organised a seminar here Sunday. Provincial Minister for Mines and Minerals Latif Nazar chaired the event via video link, while Mines and Minerals Department’s Secretary Asadullah Faiz, Additional Secretary Ms Sara Ahmad Cheema, Deputy Secretary Aatika Ammar Bukhari and senior officers of the department also attended the seminar. Mine and…
Read MoreOil And Gas Rules The Toronto Stock Exchange
After a three year absence, oil and gas companies are back with a bang on the Toronto Stock Exchange’s annual list of top stocks, the TSX 30, which features the top-performers over a three-year period. Based on dividend-adjusted share price performance, a total of 14 energy companies made the 2022 list of the 30 best performing stocks on the S&P/TSX index, posting an average share-price increase of 306% the period, thanks to surging global energy demand and sky-high commodity prices. Canada’s energy benchmark, Horizons S&P/TSX Capped Energy ETF (HXE.TO), has outperformed its United States…
Read MoreFears Of Economic Slowdown Cap Crude Prices
Oil prices have declined by around $30 a barrel since the recent peak in early June before the Fed and other central banks started aggressive interest rate hikes to fight runaway inflation. The tightening monetary policy is expected to slow economic growth, while several financial market indicators suggest that the markets expect recessions, which could slow global oil demand growth. The most closely watched major forecasters – OPEC, EIA, and the International Energy Agency (IEA) – continue to expect growth in global oil demand both this year and next, with…
Read MorePakistan mulls importing Russia oil on deferred payment
Pakistan can import oil from Russia on deferred payment as both countries are in talks to discuss the possibility, a senior government functionary revealed on Sunday after the recent meeting between Prime Minister Shehbaz Sharif and Russian President Vladimir Putin on the sidelines of Shanghai Cooperation Organisation (SCO) in Samarkand. The official, who was part of the prime minister’s delegation, told The Express Tribune that PM Shehbaz at least held three meetings with President Putin. “One was formal and the rest were informal,” the official, who requested anonymity because of…
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