Author: Admin

Petroleum Prices Likely to Fall from December 16

Admin
Petroleum-prices

ISLAMABAD: The government is likely to reduce petroleum product prices from December 16 for the next fortnight, following a continued decline in global oil prices. Overall, prices may fall by up to Rs11.70 per litre, offering potential relief to consumers. According to sources, the chances of a significant reduction in petrol prices are relatively low, while a notable cut is expected in the price of high-speed diesel (HSD). The government is currently reviewing the price adjustments for petroleum products for the next 15 days, effective from December 16. Based on…

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Torrential Rains Turn UAE’s Desert Mountains into Waterfalls

Admin
New-Project86

Heavy rainfall across several parts of the United Arab Emirates on December 14 transformed normally arid desert mountains into flowing waterfalls, flooding nearby valleys and creating rare and dramatic scenes. Intense rain, strong winds and lightning lit up the UAE’s skies, offering an unusual contrast to the country’s typically sunny weather. According to a report by Gulf News, the National Center of Meteorology (NCM) had already forecast unstable weather conditions and warned residents that several areas would be affected. The “Storm Center” shared videos from the Jais mountain range showing…

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Punjab to Invite Bids for 50MW Waste-to-Energy Project in Lahore

Admin
Weast-Energy

LAHORE: The Punjab government has completed the pre-qualification process for local and international investors for a 50-megawatt Waste-to-Energy project and will invite bids from pre-qualified sponsors after approval of the project’s security package. The update was shared during a meeting chaired by Punjab Minister for Energy Faisal Ayub Khokhar on Thursday in Lahore. The meeting reviewed the progress, technical framework, and investment structure of the project, which is expected to be developed with private investment of over $175 million. Managing Director Punjab Power Development Board (PPDB) Saniya Owais gave a…

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China’s November Crude Throughput Rises 3.9% as Fresh Import Quotas Lift Refining

Admin
China-Oil

BEIJING: China’s crude oil throughput increased by 3.9% year-on-year in November, supported by a new round of crude import quotas for independent refiners that helped offset maintenance outages at some state-owned refineries, official data showed on Monday. According to the National Bureau of Statistics, the world’s largest oil processor refined 60.83 million metric tons of crude in November, equivalent to about 14.86 million barrels per day (bpd). This was broadly steady compared with October’s 14.94 million bpd. Around 1.2 million bpd of refining capacity was offline during the month due…

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PIBT Secures Approval to Handle Reko Diq Copper-Gold Exports

Admin
Reko-Diq

Pakistan International Bulk Terminal Limited (PIBT) has entered into a strategic agreement with Reko Diq Mining Company (Private) Limited to handle its copper-gold concentrate cargo, while also securing supplemental concessions from the Port Qasim Authority (PQA) to facilitate mineral exports. The development was disclosed by PIBT in a notice to the Pakistan Stock Exchange (PSX) on Monday. According to the notice, PIBT has executed a supplemental implementation agreement with PQA, granting the terminal additional concessions, rights, and licences for the handling, storage, and export of copper-gold commodities. These include minerals,…

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