Author: Admin

SINGAPORE: Iranian oil exports have begun to recover after several tankers successfully passed through the US naval blockade this week, signaling a gradual restoration of oil flows following a framework agreement between the United States and Iran to reopen the strategically important Strait of Hormuz. According to shipping and vessel-tracking data, at least three tankers carrying Iranian crude oil have crossed the blockade and are heading toward Asian markets, while a fourth vessel is en route to the Gulf of Oman. Very Large Crude Carriers (VLCCs) Hero II and Diona,…

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TOKYO: Oil prices edged higher on Wednesday, recovering part of the sharp losses recorded in the previous two sessions, as investors weighed the prospects of a lasting peace agreement between the United States and Iran and the potential reopening of the strategically vital Strait of Hormuz. Brent crude futures rose 47 cents, or 0.6 percent, to $79.43 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 48 cents, or 0.6 percent, to $76.53 per barrel during early Asian trading. Both benchmarks had plunged nearly 5 percent on Tuesday, extending…

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ISLAMABAD: Electricity Distribution Companies (DISCOs) across Pakistan have begun rolling out a newly redesigned electricity bill format as part of the Ministry of Energy (Power Division)’s ongoing consumer-focused reform initiatives. According to a statement issued by the Ministry of Energy on Wednesday, the revamped bill format has been designed to enhance simplicity, readability, and transparency, enabling consumers to easily understand their electricity consumption, billing details, and payment obligations without dealing with unnecessary complexity. The ministry stated that the redesign was undertaken in response to long-standing consumer feedback and complaints regarding…

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ISLAMABAD: The federal government has announced an ambitious plan to establish local manufacturing of solar panels and energy storage batteries as part of a broader strategy to strengthen domestic industry, accelerate the clean energy transition, and reduce dependence on imports. Speaking on ARY News programme On My Radar, Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, said the government is finalising a comprehensive solar energy policy aimed at transforming Pakistan’s renewable energy sector from basic assembly operations to full-scale manufacturing and technology development. He said…

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LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has reiterated her government’s commitment to exploring alternative and renewable energy sources, stating that wind power can play a key role in meeting the province’s future energy needs. In her message on World Wind Day, she said wind energy represents a sustainable and environmentally friendly solution that must be fully harnessed to meet growing electricity demand while reducing dependence on conventional fuels. She highlighted that the Thal region in Punjab holds significant potential for wind energy generation and stressed the need to fully…

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