Author: Admin

Pakistan’s Trade Deficit with Middle East Expands Amid Rising Energy Imports

Admin
Export-Import

ISLAMABAD: Pakistan’s trade deficit with the Middle East grew by 10.87% to $4.781 billion during the first four months of FY2024-25, up from $4.312 billion in the same period last year, primarily driven by increased petroleum imports. State Bank of Pakistan data highlights the mounting trade imbalance as a key concern for policymakers. Petroleum imports surged due to higher consumption, with crude oil imports alone growing by over 16% during the period. This marks a reversal from FY2023-24, when the trade deficit with the Middle East narrowed by 20.47% to…

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Pakistan Ranks 198th Globally in Mobile and Broadband Internet Speeds: World Population Review Report

Admin
UAE-Project

The World Population Review has released its latest report on mobile and broadband internet speeds, highlighting Pakistan’s low global ranking. According to the report, Pakistan fails to make it into the top 100 countries, ranking 198th among 224 nations. The report identifies the United Arab Emirates (UAE) as the global leader in mobile internet speed, boasting an average download speed of 297.62 Mbps. Singapore follows closely in second place with an average speed of 297.57 Mbps. Other top-ranked countries include Hong Kong (3rd), Chile (4th), and the United States (5th)…

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Sindh and Sindh explore ways and means to forge New Paths of Collaboration

Admin
new pass of collabration

KARACHI (Dec 8): Sindh Chief Minister Syed Murad Ali Shah met with a high-level Italian delegation led by Mr. Francesco Maria Talò, Senior Advisor to the Minister of Defence, along with Ambassador E. Marilina Armellin and other key diplomats to discuss strengthening ties in trade, education, culture, and other areas. This meeting represents a significant step towards enhancing collaboration between Italy and Pakistan, particularly in Sindh. It emphasised a shared commitment to fostering partnerships across various sectors, opening the door to promising opportunities. During the discussion with the visiting Italian…

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Oil prices fall on supply glut fears

Admin
oil price

NEW YORK: Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026. Brent crude futures settled at $71.12 a barrel, shedding 97 cents, or 1.4%. US West Texas Intermediate crude futures settled at $67.20 a barrel, falling $1.10, or 1.6%. For the week, Brent prices lost more than 2.5%, while WTI saw a drop of 1.2%. A rising…

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14th Annual Fire Safety & Security Convention and Awards to be held on December 12th in Karachi

Admin
Fire-Safety

Karachi – The National Forum for Environment & Health (NFEH), in collaboration with the Fire Protection Industry of Pakistan (FPIP), is all set to host the 14th Annual Fire, Safety & Security Convention on December 12th, 2024 at the Movenpick Hotel, Karachi. The highly anticipated event aims to raise awareness about fire safety practices, celebrate excellence in the industry, and provide a collaborative platform for key stakeholders to discuss innovative fire safety solutions. The Chief Guest, Mr. Syed Nasir Hussain Shah, Minister of Energy, Sindh, and Mr. Javed Bilwani, President…

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