Energy, energy sector news, Energy Update, fossil fuel

Fuel-Prices

Petrol Price Cut Uncertain Despite Global Oil Slump

ISLAMABAD: While global oil prices continue to slide, Pakistan’s domestic fuel prices may remain unchanged or see only a marginal reduction on May 1, as the government weighs its options amid fiscal pressures. Brent crude has dropped to *$66.60 per barrel, while *WTI stands at *$62.85, reflecting a **3% weekly decline. Under normal circumstances, such a trend would trigger a price cut in Pakistan. However, uncertainty looms due to recent policy shifts that allow the government to *adjust the petroleum levy without limit. In the last fortnightly review on *April

latest news

April 8, 2025 by Admin

ISLAMABAD: Pakistan officially launched the Pakistan Mineral Investment Forum 2025 (PMIF25) today, aiming to spotlight its immense mineral wealth spread over 600,000 square kilometers. Federal Minister for Petroleum and Natural Resources, Ali Pervaiz Malik, inaugurated the two-day forum (April 8–9), emphasizing the country’s untapped potential and commitment to responsible mining practices.

April 7, 2025 by Admin

Karachi: Atif Ikram Sheikh, President FPCCI, is leading the Pakistani trade delegation to the United Kingdom to attend a Commonwealth program on 7th – 8th April. The strategic move aims to capitalize on the vast opportunities offered by the Commonwealth; which comprises of 56 countries with a combined GDP of over $13 trillion.

New-MZH

Shrinking global GDP will compound Pakistan’s problems.

Special attention be given to inflation, rupee and rising debt Direction of economy should be corrected: Mian Zahid Hussain Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister

economy

Murky politics in a fragile economy

In the development decade of the 1960s, the issue of trade and not aid cropped up because much of the industrialisation was debt-driven and business leaders started talking about increasing domestic savings, investment, production and exports. But over time, the

expects-India

India to be third-largest economy by 2030: S&P

BENGALURU: India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world’s third-largest economy by 2030, S&P Global Ratings said in a report. S&P expects India, currently the world’s

Pakistan-economy

Is the worst behind Pakistan’s economy?

ISLAMABAD: While it remains too early to assert definitively, several indicators suggest that Pakistan’s economy may have weathered the worst of its recent challenges. There were serious concerns that due to the IMF’s push for easing import controls and letting

power-hubc

HUBC New Businesses Yielding Results

Hub Power Company Limited’s (PSX: HUBC) announced massive increase in consolidated profits for 9MFY23. The growth in earnings came from HUBC’s diversification. The power company does not depend on the base plant at Hub and plant at Narowal; its coal investment, China Power Hub Generation Company

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