Category: Latest News

ADELAIDE: In a major breakthrough for both environmental sustainability and clean energy, scientists at the University of Adelaide have developed an innovative technique that converts plastic waste into clean fuel using sunlight. The process, known as solar-driven photoreforming, uses photocatalysts to break down discarded plastics into valuable energy products such as hydrogen, syngas, and other useful chemical compounds. Researchers say the method addresses two pressing global challenges at once—plastic pollution and the rising demand for clean energy. By transforming waste materials into usable fuel, the technology offers a potential pathway…

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KARACHI: Pakistan State Oil (PSO) has reported a robust financial performance for the nine months ending March 31, 2026, with profit soaring by 150% to Rs38.1 billion, reflecting strong operational efficiency and improved sales volumes. The company’s earnings per share (EPS) also witnessed a significant increase, supported by higher product demand and optimized business operations. Despite ongoing global energy disruptions, supply chain challenges, and rising international oil prices, PSO successfully retained its dominant market share across key segments, including diesel, petrol, and aviation fuel. During the period under review, PSO…

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KARACHI: A consortium led by prominent Pakistani investor Arif Habib has formally established PIA Equity Ltd (PIAEL) to complete the acquisition of the national flag carrier, Pakistan International Airlines (PIA), marking a significant step in the country’s ongoing privatization drive. According to details, the consortium has already secured a 75% stake in PIA for Rs135 billion, while the remaining 25% stake is expected to be acquired for an additional Rs45 billion. To facilitate the transaction, the group has submitted a bank guarantee along with a standby letter of credit to…

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KARACHI: K-Electric (KE) has announced that it will suspend both preventive maintenance shutdowns and economic loadshedding in response to an ongoing heatwave in the city. The decision follows a heatwave alert issued by the Provincial Disaster Management Authority, urging residents to take precautionary measures to minimise the impact of extreme temperatures. According to KE, electricity demand is expected to surge as temperatures rise, with the Pakistan Meteorological Department forecasting apparent temperatures exceeding 45°C. In light of this, the utility has committed to ensuring uninterrupted and sustainable power supply across Karachi.…

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ISLAMABAD: Pakistan is intensifying diplomatic and operational efforts to ensure the safe transit of two liquefied natural gas (LNG) cargoes from Qatar through the strategically sensitive Strait of Hormuz, amid ongoing regional tensions. According to officials in the Energy Ministry, the LNG-laden vessels are currently positioned near the mouth of the strait, awaiting clearance as Pakistani authorities coordinate closely with Iranian counterparts. Federal Minister for Petroleum Ali Pervaiz Malik has already held discussions with Iran’s ambassador in Islamabad, followed by high-level engagements with Iranian leadership to facilitate safe passage. The…

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