Author: Admin

Oil Prices Rise Amid US Tariff Concerns

Admin
Oil-Price

SINGAPORE: Oil prices edged higher on Monday despite investor concerns over US President Donald Trump’s latest tariff threat on steel and aluminium imports, which could slow global economic growth and energy demand. Brent crude futures rose 51 cents (0.7%) to $75.17 per barrel by 0444 GMT, while US West Texas Intermediate (WTI) crude climbed 45 cents (0.6%) to $71.45 per barrel. The gains come after oil markets recorded a third consecutive weekly decline last week amid fears of an escalating trade war. Trump announced plans to impose 25% tariffs on…

Read More

Serious Anomalies Found in Coal Procurement for Sahiwal Power Plant

Admin
Power-Plants

ISLAMABAD: A fact-finding committee of the National Electric Power Regulatory Authority (Nepra) has uncovered significant irregularities in the coal procurement process for the Sahiwal Power Plant. The committee has recommended a series of corrective measures, including the establishment of an independent regulatory authority to safeguard electricity consumers from unjustified costs. The four-member committee was formed last year following complaints from coal suppliers regarding an agreement between the Sahiwal Power Plant management and Awan Trading Company. Former Energy Minister and current Special Assistant to the Prime Minister, Muhammad Ali, had called…

Read More

Chinese CG donates 38 solar-powered systems to Balochistan

Admin
solar energy

KARACHI: The Consulate General of China in Karachi has donated Balochistan province with 38 solar-powered systems, extensively covering areas such as Kalat, Kohlu, Dera Bugti, Zhob, Nushki, and Khuzdar in Balochistan. This initiative benefits schools, hospitals, mosques, and tribal communities, with aim to significantly reduce the reliance of remote areas on unstable power grids, alleviate the local energy shortage issues, and improve the living standards of the residents. On February 8, the Consulate General held a handover ceremony attended by Yang Yundong, Consul General of China in Karachi, Sheikh Jafar…

Read More

Chinese company to purchase 120MW electricity

Admin
120MW electricity

PESHAWAR: Chinese Investment Company (China Century Steel Mills) has contacted the Khyber Pakhtunkhwa government for purchase of 120 MW cheap hydropower from Chakdara Swat Corridor, showing interest in the energy sector for establishment of steel mills in province. In this connection, a delegation of Chinese investment company “China Century Steel Mills” had a special meeting with the Special Assistant to Chief Minister KP for Energy Engr. Tariq Sadozai in his office. Speaking to delegation, Tariq Sadozai has said that energy sector in province is of great importance and the economy…

Read More

Oil prices advance despite concern over more US tariffs

Admin
opec

LONDON: Oil prices rebounded on Monday despite lingering fears over a potential global trade war after U.S. President Donald Trump’s latest tariff plans, this time targeting steel and aluminium. Brent crude futures were up $1.05, or 1.4%, at $75.71 a barrel by 1301 GMT. U.S. West Texas Intermediate crude added 1.5%, also rising $1.05 to $72.05. Monday’s gains could be down to bargain hunting after the market posted a third consecutive weekly decline last week, pressured by the concerns over global trade. “It’s tariff uncertainty which is the name of…

Read More