Author: Admin

Pakistan industries pay almost twice the power costs of China, India, and US: report

Admin
power tariff

Pakistan’s industrial sector is paying almost twice the electricity costs compared to China, India, and the United States, putting its export competitiveness at a disadvantage.  A report by the International Energy Agency (IEA) shows that power tariffs for energy-intensive industries in Pakistan averaged 13.5 cents per kilowatt-hour (kWh) in 2024, surpassing those in major economies and even exceeding rates in the European Union. The Electricity 2025 — Analysis & Forecast to 2027 report by the Paris-based IEA states that industrial electricity prices in 2024 stood at 6.3 cents per kWh in both…

Read More

Oil eases in choppy trading on U.S. tariffs, OPEC+ plans to raise output

Admin
Oil falls

HOUSTON: Oil prices eased slightly in choppy trade on Thursday with Brent still below $70 under pressure from trade tariffs between the U.S., Canada, Mexico and China, and OPEC+ plans to raise output. Those factors and a larger than expected build in U.S. crude inventories had sent Brent as low as $68.33 on Wednesday, its weakest since December 2021. Brent futures were down 29 cents, or 0.4%, at $69.03 a barrel by 11:10 a.m. ET (1610 GMT) on Thursday while U.S. West Texas Intermediate crude futures eased 37 cents, or…

Read More

KP Governor, WAPDA Chairman Discuss Ongoing and Upcoming Water Projects

Admin
Faisal-Kareem

Khyber Pakhtunkhwa Governor Faisal Karim Kundi met with WAPDA Chairman Lieutenant General (retd) Sajjad Ghani to discuss various ongoing and upcoming water projects in the province. The meeting also included Ahmad Karim Kundi, Parliamentary leader of Pakistan Peoples Party (PPP) in Khyber Pakhtunkhwa Assembly. The projects discussed during the meeting included: The WAPDA chairman assured the governor that all projects will be completed within the stipulated timeframe, and that efforts are being made to overcome water scarcity and produce affordable electricity, which will boost industrial and agricultural development.

Read More

Sindh empowers low-income households with solar energy, says CM Sindh

Admin
Sindh-Solar

200,000 solar units being provided to low-income families 270 solar power plants being installed to provide Rs9.80/unit KARACHI Sindh Chief Minister Syed Murad Ali Shah has said that the Sindh government has begun distributing Solar Home Systems (SHS) to 200,000 low-income households, and chairman Bilawal Bhutto has instructed him to procure another 300,000 solar units for further distribution. This initiative is designed to provide affordable and sustainable electricity, helping families that are still recovering from the devastating floods of 2022. “We are installing 270 MW solar power plants, which will…

Read More

Oil down on OPEC+ output increase, tariffs start and US pause on Ukraine aid

Admin
oil price

LONDON: Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April and as U.S. tariffs on Canada, Mexico and China came into effect, as well as Beijing’s retaliatory tariffs. Brent futures were down $1.05, or 1.5%, at $70.57 a barrel by 1133 GMT while U.S. West Texas Intermediate (WTI) crude was off 83 cents, or 1.2%, at $67.54. “The current downward trend in oil prices is primarily driven by OPEC+’s decision to increase output and the introduction of U.S. tariffs,” said…

Read More