Category: Highlights

The Pakistan Meteorological Department (PMD) has predicted an increase in temperatures in Karachi, with a maximum temperature of 38°C expected on Tuesday. The advisory mentioned that from tomorrow, northwestern desert winds from Balochistan will start affecting the city. The temperature in Karachi is expected to reach up to 37°C on Monday, with a higher heat intensity due to increased humidity. The PMD has also forecasted hot, very hot, and dry weather in other districts of Sindh. Today, the weather in Karachi is expected to be partly cloudy, with the temperature…

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One person was killed and several others injured in the explosion outside Pakistan’s largest airport, local media reported. It was initially unclear what caused the blast.One person was killed and several others were injured in a massive blast outside Karachi Airport in southern Pakistan on Sunday night, local media reported. The casualties were confirmed by broadcaster Geo News and Dawn newspaper, citing officials.Cause of the blast unclearPolice and the provincial government said a tanker exploded outside Jinnah International Airport, which is Pakistan‘s biggest airport.The provincial home minister, Zia Ul Hassan, contradicted this account, telling Geo News that it…

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Europe has experienced negative energy prices several times this year, as the rapid pace of development of solar and wind energy outpaces the region’s ability to cope with excess supply. Electricity prices dropped into negative figures for 7,841 hours during the first eight months of 2024, sometimes to as much as -$22 per megawatt hour, according to the consultancy ICIS. The main culprit has been the solar sector, driven by inconsistencies in the delivery of electricity due to its unstable nature. While the deployment of utility-scale batteries could help to tackle this…

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ISLAMABAD: Pakistan has rationalised its investment expectations from the Gulf nations under the Special Investment Facilitation Council to $27 billion in five years, as it also hopes to clinch some new deals during the upcoming visit of Chinese Prime Minister Li Qiang. However, the exact number of agreements and memorandum of understandings that Pakistan hopes to sign during the Chinese prime minister’s visit has not yet been finalised. The Ministry of Foreign Affairs has shared a list of about 41 possible deliverables for the visit. Work on the list of…

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HOUSTON: Oil prices strengthened on Thursday on investor concern that a widening Middle East conflict could pose a threat to crude oil flows from the region. Brent crude futures were up $2.82, or 3.82%, at $76.72 a barrel by 11:36 a.m. EDT. U.S. West Texas Intermediate crude futures rose $2.85, or 4.07%, to $72.95. Both benchmarks climbed by more than $3 per barrel during the session. Brent futures reached an intraday high of $77.65 per barrel, the strongest since Aug. 30, while WTI futures peaked at $73.95 per barrel, a…

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