Author: Admin

Pakistan is set to add 3,787 megawatts of electricity generation capacity during FY2026-27, alongside a series of major investments aimed at strengthening transmission, expanding access, and improving overall grid stability. The power sector development programme includes focused investments in distribution infrastructure, with Distribution Companies (DISCOs) expected to electrify 15,327 villages and provide 1,689,849 new electricity connections during the fiscal year. This expansion is aimed at significantly improving electricity access in both urban and rural areas across Pakistan. To support rising demand and system reliability, the distribution network will be upgraded…

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Business leaders have offered a cautious and mixed response to the federal budget for fiscal year 2026-27, stressing that high energy tariffs, elevated tax rates and persistent policy uncertainty continue to discourage investment and slow economic growth. The assessment came during a special Geo News post-budget transmission on Sunday, where economists and prominent business figures reviewed the government’s proposals and their potential impact on the economy and the public. The programme was hosted by senior anchor Shahzeb Khanzada and featured Arif Habib, Muhammad Ali Tabba, Zeelaf Munir and Ziad Bashir.…

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SINGAPORE: A liquefied natural gas (LNG) tanker chartered by India’s Petronet LNG has successfully crossed the Strait of Hormuz and is heading eastward following the recent peace agreement between the United States and Iran, according to ship-tracking data released on Monday. The vessel, Disha, loaded its LNG cargo at Qatar’s Ras Laffan export terminal on March 1-2 and had remained west of the strategically important waterway before resuming its voyage. Data from maritime intelligence firms Kpler and LSEG confirmed the tanker’s transit through the Strait of Hormuz, a critical global…

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PESHAWAR: Residents of Peshawar are grappling with a sharp increase in liquefied petroleum gas (LPG) prices as traders take advantage of an ongoing shortage of Sui Gas, pushing rates from Rs400 to Rs550 per kilogram despite the government-fixed price of Rs300 per kg. The persistent low pressure and frequent disruption of piped natural gas supplies have forced households to increasingly rely on LPG cylinders, leading to a surge in demand. Exploiting the situation, many dealers have imposed arbitrary rates, with prices varying across different parts of the city. The sudden…

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Karachi: Global oil markets reacted positively to reports of an emerging peace agreement between the United States and Iran, with crude oil prices falling sharply during trading in Asian markets amid expectations of improved energy supply flows and easing geopolitical tensions in the Middle East. Brent crude futures dropped by 3.8 percent to $84.02 per barrel, while US West Texas Intermediate (WTI) crude declined by 4.1 percent to $81.40 per barrel following reports that Washington and Tehran have reached a framework for a peace agreement aimed at ending months of…

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