Author: Admin

Pothole-Ridden Roads Slow EV Bike Adoption in Karachi Despite Rising Demand

Admin
EV-Bike

KARACHI: Demand for electric motorcycles is steadily increasing in Karachi as commuters seek relief from rising fuel prices and lower maintenance costs. However, the city’s deteriorating road infrastructure continues to hinder wider adoption, according to industry stakeholders. The number of electric motorcycle dealerships has expanded significantly across Karachi, particularly on Akbar Road, the city’s largest motorcycle market. Despite the growing interest, dealers say supply remains limited as manufacturers continue to prioritise deliveries to Punjab, where demand is considerably higher and road conditions are more favourable. Auto and motorcycle analyst and…

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Mari Energies Faces $19.1 Million ICC Arbitration Claim Over Gas Supply Dispute

Admin
New-Mari1

ISLAMABAD: Petrosin CNG (Pvt) Ltd has initiated arbitration proceedings against Mari Energies Ltd before the International Chamber of Commerce (ICC) in London, seeking damages of $19.1 million (approximately Rs5.36 billion), along with arbitration costs, over the alleged unlawful termination of a gas supply agreement. According to court documents, Petrosin claims that Mari Energies wrongfully terminated the Gas Sales and Purchase Agreement (GSPA) for gas supplied from the Halini Production Field, resulting in significant commercial losses. The company argues that the agreement was a binding commercial contract governed by Pakistani law…

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2nd Sindh Energy Diversity Conference-2026

Admin
New-Project234

Governor calls for clean energy revolution as Sindh emerges as Pakistan’s energy powerhouse Karachi Sindh Governor Syed Muhammad Nehal Hashmi has said that Sindh possesses enormous energy potential and that the effective utilisation of its diversified conventional and renewable resources is imperative for ensuring Pakistan’s long-term energy security, economic prosperity and sustainable development. He stressed that renewable energy, particularly solar and wind power, offers a lasting solution to the country’s energy challenges and urged Pakistan to indigenously manufacture clean energy equipment, including solar panels, wind turbines and battery storage systems,…

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Pakistan issues tender for another spot LNG cargo

Admin
Pakistan-LNG

Pakistan issued on Tuesday a tender for the spot purchase of another liquefied natural gas (LNG) cargo to help meet the country’s gas demand. Foreign companies asked to submit bids by Wed The international energy companies have been asked to submit bids by tomorrow. The bids will be opened on the same day. Meanwhile, the Pakistan LNG Limited (PLL) said that the tender is for LNG supply scheduled for July 21 and 22 July. Pakistan has already bought three LNG cargoes for July. A cargo for delivery on July 15…

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Oil spike jolts Indian bonds, 10-year yield hits three-week high

Admin
Oil spike

MUMBAI: Indian government bonds tumbled on Tuesday, with the 10-year yield hitting a three-week high, as a blistering oil rally after a flare-up in the U.S.-Iran conflict rattled sentiment and prompted investors to cut risk across assets. The benchmark 6.94% 2036 bond yield climbed 6.4 basis points to 6.7945%, its highest since June 24. The rupee weakened 0.61% to 96.20 per dollar while shares in Mumbai fell 0.6%. The 10-year yield rose to as much as 6.8152%, but short-covering towards the end of the session brought it back below the key 6.80%…

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