Year: 2022

Oil Majors Expect Permian Production Growth To Slow

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Two Big Oil majors have said they expect oil production in the Permian to rise by less than they had initially planned this year, suggesting industry problems are indeed serious enough to hold back production growth in the most prolific shale play in the United States. In their third-quarter reports, Chevron and Exxon both revised down their planned output from the Permian, although moderately. Chevron said its Permian output had hit a record high in the quarter that just ended, at 700,000 bpd. Exxon also posted record production in the…

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Pakistan’s REER falls to 90.9 in September

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Pakistan’s Real Effective Exchange Rate (REER) declined to 90.94 in September compared to 94.38 in August, data released by the State Bank of Pakistan (SBP) showed on Sunday. As per the latest data, the REER decreased by 3.65% on a monthly basis. The last time the REER was close to 100 was in June 2021. A REER below 100 means the country’s exports are competitive, while imports are expensive. Experts say a REER close to 100 suggests a place where the currency does not favour either exports’ competitiveness or imports.…

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SNGPL to provide gas cylinders to commercial consumers in winter season

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MULTAN-Sui Northern Gas Pipelines Limited (SNGPL) General Manager (GM) Shahzad Iqbal said that the gas connections of commercial consumers were being cancelled and cylinders will be provided to them at their doorsteps to ensure gas supply to domestic customers in the winter season. SNGPL GM expressed these views while addressing the executive body of Multan Chamber of Commerce and Industry (MCCI), here, on Sunday. He further said that the RLNG gas cylinders will be provided to commercial consumers at the rates set by OGRA. He said that the initiative was…

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Pakistan’s economic outlook shows optimistic picture in coming months

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Islamabad-Overall economic outlook shows an optimistic picture of the economic performance in the coming months, while the government expects that CPI inflation will show a declining trend in October and will remain in the range of 21- 22.5 percent as against 23.20 percent during the previous month. The CPI inflation is declining, rupee has gained stability, current account balance is on improving trend, said the monthly Economic Update and Outlook October 2022 released by the Ministry of Finance here on Sunday. These development indicate that economic activity will remain positive…

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Serious breach of cellphone users’ data

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The personal data of the subscribers of the telecom companies operating in Pakistan has once again been seriously compromised as various mobile applications and web portals are providing access to individual subscribers’ data on the internet. Recently, a video of a mobile application named ‘Asan Bash’ went viral on social media claiming to provide access to the data of users through their mobile numbers. According to this video, anyone can have access to the CNIC numbers, family tree and other information of any individual by simply entering the mobile number…

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