Category: Highlights

Government Should announce Winter Package with Power Tariff at Rs. 20 / Unit for Export-Oriented Industries President FPCCI

Admin
fpcci

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has urged the government to announce a comprehensive, effective and multi-sectoral winter package for trade and industry to mitigate and overcome challenges in industrial production. The industries are in a dire need of facilitation, incentivization and cost-cutting measures to meet export targets through competitiveness in the export markets, he added. Atif Ikram Sheikh apprised that the primary demand of FPCCI is Rs. 20 / kWh electricity tariff for export-oriented industries as, at the moment, the biggest contributor to the cost of production and…

Read More

Trump Edges Harris in Key Swing States as GOP Secures Senate Majority

Admin
Trump-Edges

WASHINGTON: Former President Donald Trump is leading Vice President Kamala Harris in the U.S. presidential election, securing pivotal wins in battleground states as he strengthens his bid for the White House. Trump’s successes in North Carolina, Arkansas, and South Carolina have propelled him to 230 electoral votes, compared to Harris’s 210. The Republican Party has also reclaimed control of the Senate, flipping seats in West Virginia and Ohio, previously held by Democrat-aligned incumbents. This shift grants the GOP a majority for the 119th Congress, with implications for policy direction over…

Read More

Pakistan Confronts Climate Change Challenges at Sustainable Development Conference

Admin
New-0002

ISLAMABAD: Acting President and Senate Chairman Syed Yousuf Raza Gilani highlighted Pakistan’s struggle with climate change, describing it as a significant obstacle to sustainable development. Speaking at the 27th Sustainable Development Conference (SDC), organized by the Sustainable Development Policy Institute (SDPI) with the Ministry of Climate Change, he emphasized Pakistan’s progress in climate governance. This year’s conference theme, “From Fragility to Resilience: Enhancing Sustainable Development,” set the stage for discussions on resilience, poverty alleviation, energy efficiency, and sustainable agriculture. Gilani commended Pakistan’s policy efforts in tackling climate resilience and sustainable…

Read More

Russian oil and gas revenue jumps 57% m/m in October

Admin
russain oil

MOSCOW: Proceeds from oil and gas sales for Russia’s federal budget in October jumped about 57% from September to 1.21 trillion roubles ($12.35 billion), finance ministry data showed on Tuesday, thanks to the once-a-quarter payment of profit-based oil tax. That’s against a forecast of 1.17 trillion roubles based on Reuters calculations, and down from 1.63 trillion roubles in October 2023. Oil and gas revenue has been the most important source of cash for the Kremlin, accounting for about a third to a half of total federal budget proceeds over the…

Read More

Iran oil prices to China at multi-year high after exports fall

Admin
oil price

SINGAPORE: Discounts on Iranian crude oil sold to China are at their tightest in around five years as lower exports drive up prices amid concerns that Middle East tensions may disrupt supply, trading sources said. The discounts are the narrowest since Chinese independent refiners, known as teapots, stepped in as buyers in late 2019, filling a vacuum left by the country’s state refiners wary of sanctions reinstated on Iran by the United States a year earlier. Higher prices or a reduction in Iranian oil flows, which make up 10% of…

Read More