Category: Highlights

Power utility K-Electric (KE) received the lowest tariff bid from Kot Addu Power Company Limited (KAPCO) for its 120-megawatt (MW) solar project in Karachi. KAPCO shared the development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. “We are pleased to inform you that the company’s bid for the proposed K-Electric solar project to be set-up at Deh Halkani, District West, Karachi, for 120MW is the lowest bid at the proposed bid tariff of 9.8319 PKR/kWh (3.4061 cents/kWh at the reference exchange rate for USD/PKR 288.65),” read the…

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HOUSTON: Oil prices rose on Tuesday as investors eyed OPEC+ discussions on output and weighed the potential impact of U.S. President-elect Donald Trump’s planned trade tariffs on Mexico and Canada. Brent crude futures were up 66 cents, or 0.9%, at $73.67 a barrel as of 10:35 a.m. ET (1535 GMT). U.S. West Texas Intermediate crude futures were at $69.60 a barrel, up 66 cents, or 0.96%. Both benchmarks briefly jumped more than $1 per barrel during the session. “We popped and dropped around the time news came out of the…

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ISLAMABAD: The price of 24 karat per tola gold decreased further by Rs 4,300 and was sold at Rs 278,400 on Monday November 25, 2024 against its sale at Rs 182,700, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also went down by Rs.3,657 to Rs.238,683 from Rs. 242,370 whereas that of 10 gram 22 karat gold decreased to Rs 218,793 from Rs 222,172. The price of per tola gold declined by Rs 50 to Rs 3,400 whereas that of ten gram silver…

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BAGHDAD: Iraq’s electricity ministry said on Sunday that Iranian gas supplies had been completely halted for 15 days due to maintenance, impacting Baghdad, the central provinces, and the Middle Euphrates, resulting in the loss of 5.5 gigawatts from its national grid.

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