Author: Admin

Oil prices dip as US crude inventories surge, tariff concerns loom

Admin
Oil prices

Oil prices fell on Wednesday, following a rise in U.S. crude stockpiles and easing worries over Libyan supply, while focus turned to potential U.S. tariffs on Canadian and Mexican imports. Brent crude futures were down 59 cents, or 0.76%, to $77.90 a barrel as of 0916 GMT, while U.S. crude futures had lost 55 cents, or 0.75%, at $73.22. The White House said on Tuesday that U.S. President Donald Trump still plans to issue 25% tariffs on Canada and Mexico on Saturday. “Crude prices keep dancing to the rhythm of…

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Nestlé Pakistan wins top Climate Champion Award at the 1st OICCI Climate Excellence Awards

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Nestle

KARACHI: Nestlé Pakistan’s efforts towards climate action, sustainability, renewable energy and regenerative agriculture were recognized at the 1st OICCI Climate Excellence Awards, as it won the top Climate Champion Award, held during the two-day 3rd Pakistan Climate Conference 2025. Chief guest at the conference Chief Minister Sindh Syed Murad Ali Shah, emphasized the importance of climate change and urged organizations to step forward and play a greater role with the government to mitigate this challenge. Acknowledging Nestlé’s role, the chief minister said, “While visiting the conference stalls I was glad…

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SIFC Proposal on Saudi Investment: High-Level Meeting on KE Issues Today

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K-Electric1

ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb has convened an inter-ministerial meeting on Wednesday (Jan 29) to discuss key issues related to K-Electric (KE), following a proposal by the Special Investment Facilitation Council (SIFC), which is addressing Saudi investment-related concerns. Key Issues on the Agenda:Generation tariff approval.Transmission, distribution, and supply tariff under review.KE’s Rs 68 billion write-off claims pending NEPRA verification.Shareholding dispute between Al-Jomaih and Asia Pak.Mediation agreements involving KE and government entities.The meeting will be attended by Power Minister Awais Leghari, Economic Affairs Minister Ahad Khan Cheema, SAPM on Power…

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Nepra and GIZ Sign MoU to Strengthen Pakistan’s Power Sector

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New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have signed a Memorandum of Understanding (MoU) to advance Pakistan’s energy sector with a focus on regulatory improvements and renewable energy integration. The agreement was signed by Nepra Registrar Waseem Anwar Bhinder and GIZ Cluster Coordinator for Energy and Climate, Wolfgang Hesse. Under the MoU, both organizations will collaborate on: Developing a regulatory framework for Battery Energy Storage Systems (BESS).Enhancing the distribution code to support renewable energy, electric vehicles (EVs), and smart technologies.Revising net metering…

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4th AlBaraka Forum Regional Conference Showcases Sukuk’s Role in Global Sustainable Finance

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Al-Baraka

KARACHI – The 4th AlBaraka Forum Regional Conference, held at Marriott Hotel, Karachi, successfully explored the transformative role of Sukuk in driving sustainable economic growth. Organized by the AlBaraka Forum for Islamic Economy in collaboration with the Islamic Chamber of Commerce and Development (ICCD) and with Al Baraka Bank Pakistan as the platinum partner, the event centered around the theme “Sukuk for Sustainable Development: International Best Practices.” The conference featured distinguished speakers, including Mr. Saleem Ullah, Deputy Governor, State Bank of Pakistan, H.E. Mr. Akif Saeed, Chairman, Securities and Exchange…

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