Category: Highlights

IEA sees global oil market surplus for 2025 as demand disappoints

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Oil falls

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 Petroleum Exporting Countries plus Russia and other allies, in balancing the market. “The United States is currently producing at record highs and is forecast to be the largest source of…

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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 to the Renewable Energy Policy 2006. He emphasized that the current situation is causing significant curtailments; leading to substantial financial losses for wind energy project developers. This scenario is impacting…

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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 advancements. He added that these initiatives have significantly impacted public services, business facilitation, and socio-economic growth. The presentation, held at the CM House, highlighted key initiatives in healthcare, education, IT,…

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Pakistan train hijack: China extends help to strengthen security – What’s at stake for Beijing?

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PAKISTAN-ATTACK--19_1741794066802_1741794080649.psd

As Pakistan security forces continued to battle the Baloch Liberation Army (BLA) for a second day on Wednesday after the hijacking of a train, the Jaffar Express, in Balochistan, China extended help, expressing readiness to strengthen counter-terrorism cooperation with Islamabad. “We noted the reports and strongly condemn this terrorist attack,” Chinese Foreign Ministry spokesperson Mao Ning said while replying to a question on the train hijacking by the BLA. The spokesperson added, “China stands ready to strengthen counterterrorism and security cooperation with Pakistan and jointly keep the region peaceful, secure and stable.”…

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Gwadar still has no water and power

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gwadar

ISLAMABAD: Ten years after launching the China-Pakistan Economic Corridor (CPEC) and holding 78 progress review meetings, it again emerged on Tuesday that the jewel of the multibillion-dollar initiative, Gwadar, could not shine because it neither has sufficient clean water nor indigenous electricity. The 78th CPEC progress review meeting was not different from dozens of such meetings held in the past where aggressiveness was shown over the lack of progress and new deadlines were set to fulfil obligations under President Xi Jinping’s Belt and Road Initiative (BRI). Federal Minister for Planning…

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