Author: Admin

Sri Lanka asks electric vehicle owners to unplug at night

Admin
electric vehicle

Sri Lanka has urged electric vehicle owners to stop charging their cars at night, saying the surge in demand is forcing the country to burn more coal and diesel to keep the power grid running.In an address to the nation, President Anura Kumara Dissanayake said electric cars were adding an extra 300 megawatts of demand at night, straining the grid.“Electric car owners charge their vehicles when they return from work. This is placing an additional burden on the grid, and we are compelled to operate all our generators to meet…

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Mari Energies discovers gas in Sindh

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Mari Energies

Mari Energies Limited (MariEnergies), one of Pakistan’s largest E&P companies, announced on Thursday the discovery of hydrocarbon from its exploratory well located in Sindh.The company shared the information in a notice to the Pakistan Stock Exchange (PSX) today.“MariEnergies is pleased to announce a gas & condensate discovery resulting from Shams-1 exploratory well, drilled in Mari D&PL, located in Ghotki district, Sindh.Shams-1 well was spud-in on January 30, 2026, and successfully drilled down to the total depth of 3,075m,” the notice read, adding that the well targeted Lower Goru-B sands as…

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Is Dubai’s Future at Risk After Iranian Attacks?

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dubai

March 19, 2026Karachi (News Desk)Concerns are rising over the future of Dubai following reported Iranian attacks, which have significantly shaken the perception of safety in the Gulf’s leading financial hub.According to a report by The New York Times, more than 1,500 drones and over 260 ballistic missiles have been observed over the city since February 28. While most of these were intercepted, the sound of explosions has become a regular occurrence, raising alarm among residents and investors alike.The situation has prompted banks to instruct employees to work remotely, while many…

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Pakistani Markets Under Pressure from Oil Prices and Afghan Tensions: Bloomberg

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Oil prices

March 19, 2026Karachi (News Desk)Pakistan’s financial markets are facing mounting pressure due to rising global oil prices and ongoing tensions with Afghanistan, according to a report by Bloomberg.The report states that Pakistan’s dollar-denominated bonds are heading toward their largest monthly decline in three years. This downturn is largely attributed to escalating oil prices driven by regional conflict involving Iran, as well as heightened geopolitical tensions with Afghanistan.Eurobonds have also taken a hit, causing investors to incur losses of around 5%. Meanwhile, Pakistan’s ongoing negotiations with the International Monetary Fund (IMF)…

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Strong Surge in Economic Activity During First Seven Months of Current Fiscal Year

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Pakistans-economy

March 19, 2026Islamabad (Rana Ghulam Qadir)Economic activity witnessed a significant surge during the first seven months of the current fiscal year, reflecting a notable improvement in key industrial indicators.According to the latest report released by the Federal Bureau of Statistics, large-scale manufacturing (LSM) recorded a growth of 5.75% during the period from July 2025 to January 2026. The data also showed strong momentum in January alone, with LSM output increasing by 12% on a month-on-month basis and 10.54% on a year-on-year basis.The report further highlighted that automobile production saw the…

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