Day: December 10, 2025

Trafigura Warns of 2025 ‘Super Glut’ as Oil Supply Surges and Prices Slip

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New-Project77-1

Global oil markets may face a “super glut” next year as a sharp rise in supply converges with weakening economic conditions, Trafigura has cautioned, according to the Financial Times. Saad Rahim, the commodity trading giant’s chief economist, said new drilling projects and slowing demand growth are set to put further downward pressure on already subdued crude prices. Brent crude has dropped 16% this year—its steepest decline since 2020—with additional supply from major projects in Brazil and Guyana expected to deepen the slump in 2025. “Whether it’s a glut or a…

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PM Orders Guaranteed Winter Gas Supply Hours for Households

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Shehbaz-Sharif

Prime Minister Shehbaz Sharif has directed the relevant authorities to ensure uninterrupted gas supply for households from 5am to 10pm throughout the winter season. The directive was announced in the National Assembly, where lawmakers voiced concerns over persistent gas shortages disrupting daily routines. Federal Minister for Petroleum Ali Pervez Malik confirmed that the prime minister has instructed gas companies to prioritise domestic consumers and maintain a stable supply window. He noted that gas load shedding has already reduced significantly compared to last year, and efforts are underway to further streamline…

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Pakistan Poised to Welcome UAE Investment in Energy, AI, and Emerging Sectors: PM Shehbaz

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New-Project77

ISLAMABAD: Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s readiness to welcome expanded investment from the United Arab Emirates (UAE) across key sectors including renewable energy, artificial intelligence, fintech, agriculture, and minerals. Speaking at a ceremony marking the UAE’s 54th National Day in Islamabad, the Prime Minister highlighted the UAE’s crucial support for Pakistan’s economic stabilisation efforts. Deputy Prime Minister and Foreign Minister Ishaq Dar, along with senior government officials, attended the event. “The economic partnership between Pakistan and the UAE is a shining example. The UAE continues to extend critical…

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Pakistan, Indonesia to Review $4bn Trade Pact to Fix Imbalance, Expand Market Access

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Indonesia-Pakistan

ISLAMABAD: Pakistan and Indonesia have agreed to review their $4 billion Indonesia-Pakistan Preferential Trade Agreement (IP-PTA) in an effort to boost bilateral trade and address the persistent trade imbalance that currently favours Indonesia. The decision was formalised during a meeting between Prime Minister Shehbaz Sharif and Indonesian President Joko Widodo at the Prime Minister’s Office on Tuesday, where both leaders underscored the importance of strengthening economic engagement. IP-PTA Review Aimed at Broadening Scope Signed in 2012, the IP-PTA provides preferential tariff concessions on a variety of goods—mainly textiles, agriculture products,…

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Chinese Firm Plans Major Solar Panel Manufacturing Plant in Pakistan, Eyes Multi-Billion-Dollar Investment

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Solar-Panel

ISLAMABAD: China’s Hebei Juhang Energy Technology Group has expressed strong interest in setting up a large-scale solar panel manufacturing plant in Pakistan, targeting both domestic needs and international export markets. A delegation led by Chairman Wang Jianbin, joined by representatives of the China-Pakistan Business Forum, met with Minister for the Board of Investment (BoI) Qaiser Ahmed Sheikh on Tuesday to outline plans for potential multi-billion-dollar investments in Pakistan’s solar and high-tech sectors. ‘A Golden Opportunity for Investment in Pakistan’ Welcoming the proposal, Minister Sheikh said this was “a great time…

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