Category: Popular News

Oil rises on signs of strong demand, investors await OPEC+ output decision

Admin
oil

NEW YORK: Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an OPEC+ meeting to decide the group’s August output policy. Brent crude was up 18 cents, or 0.3%, to $66.92 a barrel at 11:36 a.m. ET (1536 GMT), while U.S. West Texas Intermediate crude was up 27 cents, or around 0.4%, to $65.38 a barrel. The gains were likely due to supportive data from a private-sector survey in China, which showed factory activity returned to expansion in June,…

Read More

Saudi Arabia raised crude exports in June, Kpler data shows

Admin
Crude supply

LONDON: Saudi Arabia’s oil exports jumped to the highest level in more than a year in June as the kingdom shipped more crude to overseas storage amid fears of possible supply disruptions owing to conflict in the Middle East. OPEC’s biggest producer has intervened in oil markets for decades to provide more oil during disruptions or cut output when it felt the market was oversupplied. Crude exports rose by 450,000 barrels per day (bpd) from May’s level to 6.33 million bpd in June, Kpler data shows. There could be a…

Read More

Pakistani Delegation in Washington to Finalize Key Trade Deal with U.S.

Admin
usa-pak

WASHINGTON, July 1, 2025: A high-level Pakistani delegation has arrived in Washington to finalize a crucial trade agreement aimed at resetting economic ties with the United States and reducing tariffs on Pakistani exports. Led by Commerce Secretary Jawad Paal, the delegation is set to meet with U.S. Trade Representative Jamieson Greer and senior officials from the Departments of Commerce and State. The talks, ongoing for over a month, are expected to conclude this week, according to Pakistan’s Finance Ministry. The visit follows a key meeting between Finance Minister Muhammad Aurangzeb…

Read More

Public Accounts Committee (PAC) directs K-Electric to pay Rs 700 million monthly duty collected from consumers to Sindh government

Admin
K-Electric

The Public accounts Committee meeting, chaired by its chairman Nisar khoro & Secretary Energy Mushtaq Soomro MD water board Asad ullah khan commitee member and GM KE Saadia Dada were attendedthismeeting, PAC discussed K-Electric’s payment of Rs 32 billion to the Sindh government, pending since long. K-Electric has agreed to pay the Sindh government Rs 500-700 million monthly duty collected from consumers starting September 2024. The payment is contingent upon the settlement of K-Electric’s outstanding receivables of Rs 30.9 billion from Karachi Water and Sewerage Corporation and other Sindh government…

Read More

PM Shehbaz Vows Unwavering Support for Solar Energy, Launches ‘Power Smart’ App to Empower Consumers

Admin
New-Project3

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday reaffirmed his government’s commitment to promoting solar energy in Pakistan, pledging not to hinder the country’s rapid solarisation drive. Speaking at the launch of the ‘Power Smart’ mobile application in Islamabad, he described solar power as the most affordable and sustainable solution for Pakistan’s energy needs. “The government will never discourage the solarisation boom—it’s the cheapest way to generate electricity,” the premier said, adding that Pakistan is among the few countries witnessing swift adoption of solar energy. Addressing the challenges arising from declining…

Read More