Category: Highlights

Sindh CM concludes Pre-Budget discussion Sindh AssemblyNo work is in progress on Chulistan

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Sindh CM

KARACHI (March 21): Sindh Chief Minister Syed Murad Ali Shah, while concluding the pre-budget discussion in the assembly, emphasized his government’s commitment to maintaining law and order, and highlighted the importance of transparent financial planning and noted that there was currently no construction taking place on the Chulistan Canal. He highlighted that there has been no construction activity from Head Suleimanki to Marot, which is located 200 km from the barrage. At the Marot site, a 5,000 ft length of canal was found to be abandoned, and no further activity…

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PPL Seeks PDS Advice on Gas Allocation for CCGT Power Plant

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PPL-Plant

Pakistan Petroleum Limited (PPL) has sought advice from the Petroleum Division (PDS) regarding the allocation of gas for its Combined Cycle Gas Turbine (CCGT) power plant project. The PPL is planning to set up a 1,200-megawatt (MW) CCGT power plant, which will require a significant amount of gas to operate. However, the company is seeking clarification on the gas allocation process and the availability of gas for the project. The PDS has been requested to provide guidance on the gas allocation framework, including the priority of gas allocation, the gas…

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China’s BYD unveils EV battery charging faster than Tesla superchargers

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EV battery charging

Chinese automaker BYD has introduced a commercial electric vehicle (EV) battery capable of charging in approximately the same time it takes to refuel a petrol car. The announcement, made during a livestream event in Shenzhen, China, marks a new development in EV charging technology. The Super E-Platform offers 1,000kW charging speeds, which is four times faster than Tesla’s 250kW Superchargers. BYD claims the technology can provide up to 400km (249 miles) of range in just five minutes. Initial rollout and market impactThe first models set to incorporate this ultra-fast charging…

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US natural gas prices climb

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natural gas prices

NEW YORK: US natural gas futures climbed about 2% to a one-week high on Wednesday on record gas flows to liquefied natural gas (LNG) export plants and another drop in daily output. Front-month gas futures for April delivery on the New York Mercantile Exchange were up 8.5 cents, or 2.1%, to $4.137 per million British thermal units (mmBtu) at 8:52 a.m. EDT (1252 GMT), putting the contract on track for its highest close since March 11. The price increase occurred despite forecasts for less demand over the next two weeks…

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Oil prices rise after US issues new Iran-related sanctions

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Oil falls

HOUSTON: Oil prices rose on Thursday after the U.S. issued new Iran-related sanctions, data showed a higher-than-expected fuel inventory drawdown in the U.S. and renewed tensions in the Middle East countered strength in the dollar. Brent crude futures were up 97 cents, or 1.37%, to $71.75 a barrel by 10:57 a.m. EDT (1457 GMT), having gained more than $1 during the session. The U.S. West Texas Intermediate crude (WTI) contract for April, expiring on Thursday, rose 96 cents to $68.12. The more actively traded WTI May contract rose 94 cents,…

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