Author: Admin

News Analysis: Why oil prices refuse to return to pre-war levels despite Islamabad MoU

Admin
oil

ISLAMABAD: When the US and Iran signed the Islamabad Memorandum of Understanding (MoU), financial markets initially celebrated what appeared to be the end of the most dangerous Middle Eastern conflict in decades. Yet one thing has puzzled investors, governments and consumers alike. If the war is over, why have oil prices not collapsed back to the $65-70 per barrel range that prevailed before hostilities erupted? The answer lies in a simple but often overlooked fact. While the Islamabad MoU has significantly reduced geopolitical risk, it has not restored the vast…

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Iranian President Pezeshkian Arrives in Pakistan on Official Visit

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New-Project190

ISLAMABAD: Iranian President Masoud Pezeshkian arrived in Islamabad on Tuesday on a two-day official visit at the invitation of Prime Minister Shehbaz Sharif, accompanied by Iranian Foreign Minister Abbas Araghchi and a high-level delegation. President Pezeshkian and Foreign Minister Araghchi arrived in separate aircraft, with the Iranian president flying directly from Tehran while Araghchi arrived from Oman following recent diplomatic engagements. Upon arrival at Nur Khan Airbase, President Pezeshkian was warmly received by President Asif Ali Zardari, Prime Minister Shehbaz Sharif, Deputy Prime Minister and Foreign Minister Ishaq Dar, Interior…

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Mari Energies Commences 30 MMscfd Gas Supply to SNGPL from Shams-1

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Mari-Energies

ISLAMABAD, June 23, 2026 – Mari Energies Limited has officially commenced natural gas supply of up to 30 million standard cubic feet per day (MMscfd) to Sui Northern Gas Pipelines Limited (SNGPL). The supply, which took effect on June 19, 2026, is being executed under an Extended Well Testing (EWT) framework following formal approval from the federal government. The gas injection originates from the landmark Shams-1 discovery well, situated within the Mari Development and Production Lease (D&PL) in Daharki, Sindh Province. Mari Energies operates the field as the sole stakeholder…

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2ND International District Cooling Conference 2026 to Address Regulatory Evolution and Decarbonization of District Cooling Systems in Saudi Arabia

Admin
New-Project189

Jeddah, Saudi Arabia The International District Cooling Conference (IDCC) 2026 will bring together government officials, utility leaders, project developers, consultants, technology providers, and district cooling operators in Jeddah, Saudi Arabia, to discuss the future of sustainable cooling infrastructure and its growing role in supporting the Kingdom’s urban development and sustainability ambitions.In its second year, the conference has become the only regional platform in the MENA region dedicated to district cooling. And as Saudi Arabia continues to advance major urban developments and smart city initiatives under Vision 2030, district cooling is…

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NBP Launches Tree Plantation Drive at Clifton Urban Forest to Promote Sustainability

Admin
New-NBP

KARACHI: The National Bank of Pakistan (National Bank of Pakistan) organised a tree plantation drive at the Clifton Urban Forest as part of its ongoing commitment to environmental sustainability, climate resilience and community engagement, according to a press release issued last week. The initiative aimed to support environmental conservation efforts while encouraging employee participation and raising awareness about the importance of greener urban spaces for a healthier Pakistan. Speaking on the occasion, NBP Group Chief Operations Faisal Ahmed Topra said the plantation activity reflects the bank’s long-term vision of creating…

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