Category: Popular News

GoodWe Hosts Pakistani Consul General in Shanghai to Deepen Renewable Energy Partnership

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GoodWe-Project

As part of its continued commitment to international clean energy cooperation, GoodWe hosted Mr. Shehzad Ahmad Khan, Consul General of Pakistan in Shanghai, and his delegation at its global headquarters in Suzhou. GoodWe’s Vice President, Alex Pan, led the team in welcoming the delegation. During his visit, the Consul General noted that GoodWe is already a familiar name in Pakistan’s energy sector. Visiting the company’s headquarters, he remarked, gave him “a much clearer and more personal impression of the people, technologies, and values behind the brand.” He also expressed that…

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Oil prices rise 1% on trade war relief, US pressure on Russia

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Oil prices

NEW YORK: Oil prices rose on Tuesday, extending the previous day’s rally, on optimism that a trade war between the United States and its major trading partners was abating and as President Donald Trump ramped up pressure on Russia over its war in Ukraine. Brent crude futures were up 95 cents, or 1.36%, at $70.99 a barrel at 12 p.m. EDT (1600 GMT), having touched their highest since June 23, while U.S. West Texas Intermediate crude was at $67.70, up 99 cents, or 1.48%. Both contracts settled more than 2%…

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Fuel prices in Pakistan set to drop from August 1: report 

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Petrol-Diesel

Petrol to decline by Rs6.82, diesel by Rs1.68; declining ex-refinery prices allow the government to re-impose a Rs2.50/ltr petroleum levy on both ISLAMABAD: Petroleum product prices are expected to undergo a mixed revision from August 1, 2025, with petrol (PMG) and high-speed diesel (HSD) likely to become cheaper, while kerosene and light diesel oil (LDO) may see slight increases. High-speed diesel (HSD), the primary fuel for heavy transport and agriculture machinery, is also anticipated to see a downward revision in prices. The ex-refinery price of HSD may be reduced by…

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SECMC Signs Islamic Financing Pact with Meezan Bank to Expand Thar Block II Coal Mine

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SECMC-Meezan

KARACHI: Sindh Engro Coal Mining Company (SECMC) has signed an Islamic Facility Agreement with Meezan Bank Limited to finance Phase III of the Thar Block II coal mine expansion. The syndicated facility—comprising Meezan Bank (lead arranger), United Bank Limited, Askari Bank, Sindh Bank, and Pak China Investment Company—will support increasing coal production from 7.6 million tons per annum (MTPA) to 11.2 MTPA. This milestone is part of SECMC’s continued journey under the leadership of the Government of Sindh. Since its inception in 2019, SECMC has demonstrated the commercial viability of…

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Oil prices gain on US trade optimism, drop in crude inventories

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oil price

LONDON: Oil prices rose on Thursday, buoyed by optimism over U.S. trade negotiations that would ease pressure on the global economy and a sharper-than-expected decline in U.S. crude inventories. Brent crude futures had gained 52 cents, or 0.76%, to $69.03 a barrel by 1040 GMT. U.S. West Texas Intermediate crude futures climbed 60 cents, or 0.9% to $65.85 per barrel. “The U.S. crude inventory draw and the trade efforts are adding some support to prices,” said Janiv Shah, an analyst at Rystad. Two European diplomats said on Wednesday that the…

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