Category: Popular News

Oil steadies near three-week high on signs of tighter supply

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Oil falls

LONDON: Oil prices steadied on Monday, holding close to their highest level in three weeks, as investors eyed further U.S. sanctions on Russia that may affect global supplies, while tariff uncertainty weighed. Brent crude futures rose 16 cents, or 0.2%, to $70.52 a barrel by 1326 GMT, while U.S. West Texas Intermediate crude futures climbed 12 cents, also 0.2%, to $68.57. Higher crude imports by China and expectations around U.S. President Donald Trump’s announcement on Russia are supporting prices, UBS analyst Giovanni Staunovo said. “There is still a perceived tightness…

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Centre’s policies stalling Sindh’s energy sector growth: Sharjeel

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Sharjeel-Memon

olds vast untapped resources capable of pulling Pakistan out of its persistent energy crisis, but federal government policies are stalling the province’s energy sector growth. Speaking to the media, Memon emphasised that respecting provincial autonomy and giving Sindh authority proportionate to its resources could spark an energy revolution. He pointed out that over the past six years, 30 million tonnes of coal from Thar had been supplied to IPPs, generating 31 gigawatts of electricity, lighting up over 3 million homes. “Thar coal can fulfil Pakistan’s power needs for decades,” said…

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KP asks centre to retain its two HPPs on IGCEP 2025-35

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Global-Hydropower

PESHAWAR: The KP government has asked the federal government to retain its two public sector energy projects i.e. Madyan Hydropower Project and Gabral Kalam HPP on Indicative Generation Capacity Expansion Plan (IGCEP 2025-35) prepared by the ISMO (System Operator). For this purpose, the Special Assistant to KP Government on Energy and Power Department, Tariq Saddozai has written a formal letter to the Federal Minister for Energy and Power, Sardar Owais Ahmad Leghari. The content of the letter said that the provincial government has expressed surprise over the unilateral altering of…

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Federal Policies Stalling Sindh’s Energy Growth, Says CM Murad

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CM-Murad

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Friday voiced strong concerns over federal government policies that he said are obstructing the province’s energy sector development, despite its vast potential to power the nation. Speaking at the Sindh Energy Diversity Conference, organized by Energy Update in collaboration with the Sindh Energy Department, Mr Shah described Sindh as Pakistan’s “energy basket,” rich in coal, natural gas, wind, and solar resources. Yet, he noted that federal policies continue to pose “major hurdles” to the province’s progress. He recalled past setbacks —…

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US targets attempts to dodge Trump tariffs with China in crosshairs

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donald trump

WASHINGTON – As President Donald Trump ramps up tariff threats on US trading partners, his administration is taking aim at a tactic said to be used by Chinese companies to dodge the levies by moving goods through third countries. The issue is “transshipping,” or having products pass through a country to avoid harsher trade barriers elsewhere, a practice Washington has accused Chinese companies of. “Goods transshipped to evade a higher Tariff will be subject to that higher Tariff,” Trump warned in letters issued since Monday, days after unveiling a trade pact…

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