Category: Latest News

RIYADH: Saudi energy giant Aramco has warned that the ongoing Middle East conflict has triggered the world’s largest-ever energy supply shock, with global oil markets likely to remain unstable until 2027 even if the Strait of Hormuz reopens soon. Addressing investors on Monday, Aramco President and CEO Amin H. Nasser said the disruption to global energy supplies had created unprecedented volatility in international oil markets. “The energy supply shock that began in the first quarter is the largest the world has ever experienced,” Nasser said. He cautioned that even if…

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ISLAMABAD: Pakistan and Turkmenistan have agreed to enhance cooperation in regional energy connectivity, trade corridors, and infrastructure development as Islamabad seeks to strengthen its position as a key trade and transit gateway linking Central Asia with global markets through its seaports. The understanding was reached during a meeting between Pakistan’s Federal Minister for Commerce Jam Kamal Khan and Turkmenistan’s Ambassador to Pakistan Atadjan Movlamov on Tuesday. According to an official statement, the discussions focused on bilateral trade enhancement, regional connectivity, energy cooperation, and strengthening institutional engagement between the two countries.…

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LAHORE: Federal Minister for Energy (Power Division) Awais Leghari on Monday announced that Pakistan’s battery storage revolution had begun, describing it as a major shift that would reduce electricity costs for consumers and ease pressure on the national grid. Speaking via video link at a media training workshop organised by the LUMS Energy Institute in collaboration with the Power Division, the minister said the growing adoption of electricity storage systems at utility, industrial, and household levels would transform the country’s energy landscape. Leghari revealed that the government plans to reduce…

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KARACHI: The Directorate of College Education Karachi Region has imposed a complete ban on tree cutting in government colleges across the city and issued strict directives to prevent unauthorized disposal of government property and encroachments on college land. According to an official notification issued by Regional Director Colleges Karachi Gulab Rai, principals of all government colleges in the Karachi region have been instructed to ensure that no trees planted on college premises are cut under any circumstances. The directive also emphasised the proper maintenance and protection of green spaces within…

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LONDON: A second Qatari liquefied natural gas (LNG) tanker is heading to Pakistan through the Strait of Hormuz, days after the successful passage of the first cargo under a special arrangement involving Iran and Pakistan amid continuing regional tensions. According to LSEG shipping data, the LNG vessel Mihzem, carrying 174,000 cubic metres of LNG, departed from Ras Laffan in Qatar and is currently transiting the Strait of Hormuz toward Port Qasim in Pakistan. The tanker is expected to arrive on May 12. The shipment marks the second successful transit of…

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