Author: Admin

LAHORE: The Lahore University of Management Sciences (LUMS) has launched the Centre for Air Pollution and Environment (CAPE), a new centre dedicated to identifying the sources of air pollution in Punjab. The centre has been established with a major grant from Coefficient Giving, which is funding a multi-year, multi-site study to identify and quantify the major contributors to particulate air pollution across Punjab. The project also includes establishing a state-of-the-art laboratory for the chemical analysis of air pollutants. Dr. Qasim Imtiaz, a faculty member in the Department of Chemistry and…

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LAHORE: The LUMS Energy Institute (LEI) convened the Second National Consultative Workshop on the Power Sector Indigenization Roadmap at LUMS, bringing together senior leadership and representatives from the Ministry of Energy, WAPDA, National Grid Company (NGC), Power Planning and Monitoring Company (PPMC), DISCOs, regulatory bodies, electrical power equipment manufacturers, industry associations, policymakers, and academia. The workshop aimed to advance a coordinated national approach to strengthening Pakistan’s domestic electrical power equipment manufacturing industry and reducing import dependence. Building on the first workshop held in May 2025, the initiative progressed from preliminary…

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BEIJING: China and the European Union (EU) have held intensive consultations on hybrid and electric vehicle (EV) trade, seeking to address economic concerns and establish a more balanced trading relationship, China’s Ministry of Commerce said on Monday. During the discussions, both sides agreed that export quotas for Chinese hybrid vehicles should not be lower than those allocated to other import sources. They also agreed that EU trade measures should not specifically target Chinese products or discriminate against Chinese companies. China’s commerce ministry said the two sides had further agreed to…

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SINGAPORE: Global oil prices fell on Monday amid expectations of increased Russian fuel supplies after US President Donald Trump said Russia and Ukraine had agreed to halt attacks on each other’s energy infrastructure. Brent crude futures declined $1.54, or 1.47 per cent, to $103.18 a barrel by 0154 GMT, while US West Texas Intermediate (WTI) crude fell by the same amount to $90.31 a barrel, down 1.68 per cent. ICE gasoil futures, a benchmark for diesel, dropped 3 per cent to $1,436 per barrel after Trump announced that Russia would…

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LAHORE: Pakistan’s volatile petroleum prices have continued to squeeze household budgets in 2026, with petrol and diesel remaining significantly more expensive despite repeated price cuts. As of October 10, petrol stood at Rs398.30 per litre, up Rs145.13 from its starting level, while high-speed diesel (HSD) reached Rs396.24 per litre, an increase of Rs139.16. Since the introduction of daily petroleum price adjustments on July 21, petrol prices have been increased 35 times and reduced 22 times, while diesel prices have undergone 34 increases and 23 cuts. The frequent revisions have left…

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