Author: Admin

SOEs’ Profits Decline Amid Soaring Power Sector Losses Reaching Rs5.9 Trillion

Admin
Power-sector

ISLAMABAD: Pakistan’s state-owned enterprises (SOEs) continue to weigh heavily on the economy, as their profits and revenues dropped significantly in the first half of FY2024-25, driven largely by persistent inefficiencies and mounting losses in the power sector. According to the Ministry of Finance’s biannual report released on Friday, aggregate revenues of federal SOEs fell by 8%, while profits dipped 10% during July–December FY25. The Central Monitoring Unit (CMU) flagged the power sector as the biggest drag, with cumulative losses hitting an alarming Rs5.9 trillion — Rs2.4 trillion of which stems…

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US targets attempts to dodge Trump tariffs with China in crosshairs

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donald trump

WASHINGTON – As President Donald Trump ramps up tariff threats on US trading partners, his administration is taking aim at a tactic said to be used by Chinese companies to dodge the levies by moving goods through third countries. The issue is “transshipping,” or having products pass through a country to avoid harsher trade barriers elsewhere, a practice Washington has accused Chinese companies of. “Goods transshipped to evade a higher Tariff will be subject to that higher Tariff,” Trump warned in letters issued since Monday, days after unveiling a trade pact…

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Fatigued Afghan taxi drivers take novel approach to staying cool

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Afghan taxi drivers

Afghan taxi drivers have cobbled together a creative solution to spare them and their passengers from the sweltering heat. In southern Afghanistan’s Kandahar city, where temperatures easily exceed 40 degrees Celsius, blue taxis can be spotted with an air conditioning (AC) unit strapped to the roof with an exhaust hose delivering the cool air through the passenger window. “It started getting extremely hot three or four years ago. These cars’ AC systems didn’t work and repairs were too expensive. So I went to a technician, [and] had a custom cooler…

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Federal Minister Ali Pervaiz Malik Advances Strategic Energy Dialogue with Uzbekistan

Admin

Islamabad, July 11,2025 Federal Minister for Petroleum, Ali Pervaiz Malik, emphasized Pakistan’s commitment to deepening energy collaboration with Uzbekistan during a meeting with His Excellency Mr. Alisher Tukhtaev, Ambassador of Uzbekistan to Pakistan, held today. The discussions centered on strengthening bilateral ties, with a particular focus on expanding cooperation in the oil and gas sector. Ambassador Tukhtaev lauded Prime Minister Shahbaz Sharif’s recent successful visit to Uzbekistan, which has paved the way for stronger economic and energy partnerships. He reaffirmed Uzbekistan’s commitment to elevating bilateral trade to $2 billion in…

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Sindh Energy Diversity Conference 2025 to Take Place in Karachi on July 11 in Collaboration with Sindh Energy Department

Admin
Sindh Energy Diversity Conference

Karachi, July 10, 2025 — The Sindh Energy Diversity Conference 2025 is set to be held on Friday, July 11, at Movenpick Hotel, Karachi, in collaboration with the Sindh Energy Department. Organized by Energy Update, the conference will serve as a vital platform to explore the province’s evolving energy landscape, discuss diversification strategies, and promote renewable and sustainable energy solutions across Sindh. The conference will be inaugurated by the Chief Minister of Sindh, Syed Murad Ali Shah, who will grace the event as Chief Guest. The keynote address will be…

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