Category: Highlights

HOUSTON: Oil prices slipped on Friday and were bound for a weekly loss as investors digested waning Chinese demand and a possible slowing of the U.S. Federal Reserve’s interest rate cut path. Brent crude futures dropped 71 cents, or 0.98%, to $71.85 a barrel by 10:32 a.m. EDT. U.S. West Texas Intermediate crude futures were down 72 cents, or 1.05%, at $67.98. For the week, Brent is set to fall 2.9% while WTI is set to decline 3.6%. China’s oil refiners in October processed 4.6% less crude than a year…

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LAHORE: Central Chairman of Pakistan Hardware Merchants Association Sardar Usman Ghani Central Chairman in a statement has demanded the government to charge electricity bill rates on the basis of total consumption and not on excess consumption, moreover domestic, industrial, commercial and agricultural electricity bills to be received on the basis of uniform rates. He demanded that electricity rates should be reduced by 12 rupees per unit in the current month’s bills, so that the citizens, industries and businesses who have been suffering from inflation for the past two and a…

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صوبائی وزیر ناصر شاہ کا سجاول میں گیس اور کنڈینسیٹ دریافت ہونے کا اعلانمراد علی شاہ کی سندھ بالخصوص سجاول کو مبارکبادکراچی (15 نومبر): صوبائی وزیر برائے توانائی، منصوبہ بندی و ترقیات سید ناصر حسین شاہ نے ضلع سجاول کے شاہ بندر بلاک میں واقع پتیجی-6 ایکسپلوریشن کنویں میں گیس اور کنڈینسیٹ کی ایک بڑی دریافت کا اعلان کردیا جہاں سے یومیہ 11.7 ملین مکعب فٹ(MMSCFD) معیاری گیس اور 198 بیرل فی دن (BPD) کنڈینسیٹ نکل رہا ہے۔ سندھ انرجی ہولڈنگ کمپنی (پرائیویٹ) لمیٹڈ (SEHCL) جو شاہ بندر بلاک میں…

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BAKU: COP29 has been marked by contentious negotiations as developed and developing nations clash over the New Collective Quantified Goal for climate finance. Progress remains slow, with only limited advances in carbon market standards under Article 6.4 of the Paris Agreement. Disputes over the rushed adoption of these guidelines highlight lingering disagreements on carbon credits, deemed by activists as “false solutions.” Key sticking points include the operationalisation of the Loss and Damage (L&D) Fund. Established at COP27, the fund remains nearly empty, with only $10 million of the $700 million…

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Islamabad: Public sector power companies have proposed a Rs1.016 per unit negative Fuel Cost Adjustment (FCA) in electricity bills, potentially refunding Rs10 billion to consumers overcharged in October 2024. If approved, this will mark the fourth consecutive month of negative FCA, enabled by significant fuel cost savings and a 20% base tariff hike implemented for the fiscal year 2024-2025. The Central Power Purchasing Agency (CPPA) reported an 8% year-on-year rise in power consumption in October, reaching 9.98 billion units due to the delayed onset of winter. Domestic energy sources accounted…

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