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Category: Highlights

Miftah Ismail Questions Awais Leghari’s Claims on Net Metering Losses

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Miftah-Leghari

Former Finance Minister Miftah Ismail has responded to Energy Minister Awais Leghari’s claim that net metering causes losses of Rs 150 billion to power distribution companies (DISCOs). In a detailed statement, Ismail expressed confusion over the figures presented by Leghari, challenging the rationale behind reducing net metering incentives while ignoring the larger issue of transmission and distribution (T&D) losses. “You…

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Thar coal: TCEB holds public hearing on SSRL’s tariff plea

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natural gas prices

DOHA: Qatar began supplying Syria with gas via Jordan, state media in the gas-rich country reported Thursday, as Damascus’s new leadership seeks economic relief for the war-torn country long prone to power cuts. “Qatar has started today providing… natural gas supplies to the Syrian Arab Republic through the territories of the Hashemite Kingdom of Jordan,” the Qatar News Agency (QNA)…

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Qatar cuts May term price for al-Shaheen oil, sources say

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qatar energy

SINGAPORE: QatarEnergy has lowered the May term price for al-Shaheen crude oil to $1.29 a barrel above Dubai quotes after selling five cargoes via its monthly tender, trade sources said on Friday. The drop in premiums followed similar falls in Middle East crude benchmarks Dubai and Oman amid ample supply and lower demand in Asia during the refinery maintenance season.…

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Oil prices set to end week stable as investors mull path to Ukraine ceasefire

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Oil prices

NEW YORK: Oil prices rebounded on Friday after a more than 1% loss in the previous session as investors weighed the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets. Brent crude futures were up 73 cents, or 1.04 %, to $70.61 a barrel at 1:18 p.m. EDT…

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Pakistan Plans to Grow Economic and Tech with China

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china pakistan

Under CPEC Phase II, Pakistan Aims for Deeper Economic and Technological Partnerships with China BEIJING APP: According to Ambassador to China Khalil Hashmi, Pakistan is looking to expand its collaboration with China in important domains including Economic and Tech and innovation within the context of the second phase of the China-Pakistan Economic Corridor (CPEC). Ambassador Hashmi recently discussed the main…

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RLNG prices revised for March

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LNG

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has revised the prices of imported Re-gasified Liquefied Natural Gas (RLNG) for the month of March, making it more expensive for both gas companies – Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL). According to the notification issued by OGRA on Wednesday, the price of RLNG has been…

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Oil dips as economic concerns, supply and demand expectations weigh

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oil price

LONDON: Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns and demand versus supply expectations. Brent futures were down 37 cents, or 0.5%, at $70.58 a barrel at 10:25 a.m. EDT (1425 GMT), while U.S. West Texas Intermediate crude futures fell 39 cents, or 0.6%,…

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IEA sees global oil market surplus for 2025 as demand disappoints

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Oil prices

LONDON: Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on Thursday, due to growth led by the United States and weaker than expected global demand. The outlook of ample supplies despite U.S. sanctions on major exporters Russia and Iran highlights the challenge for OPEC+, or the Organization of the…

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FPCCI demands End to Curtailments for 12 Wind Power Projects Which Have Low Tariff

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Wind-Power

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has raised serious concerns regarding the ongoing curtailment on 12 wind power projects which have low tariff. He added that this is happening despite their cost-effectiveness and alignment with national energy goals, he added. Mr. Atif Ikram Sheikh has criticized the continued preference for expensive, obsolete power sources; urging the government to adhere…

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Sindh govt achieves progress through digital transformation, infrastructure uplift, agricultural advancements: Murad

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infrastructure

• Infant mortality rate stands at 2.9% half of Pakistan,• Digitalisation of Sindh police; excise taxes, KARACHI (Wed March 12): Sindh Chief Minister Syed Murad Ali Shah presented a 171-page report detailing his government’s achievements from March 2024 to March 2025 saying that the Government has achieved remarkable progress over the past year through digital transformation, infrastructure development, and agricultural…

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