Tue, 21-Oct-2025

Watch Live

logo-black

Download App

اردو

Energy

Ukraine war complicates Fed’s inflation fighting effort

by
russia

WASHINGTON: The uncertainty created by Russia’s invasion of Ukraine and its impact on the global economy is piling more complexity onto the US central bank’s already tough fight to contain rising prices. Soaring energy and food costs have pushed inflation in the world’s largest economy to the highest pace in four decades, and the Federal … Read more

Australia announces ‘second phase’ of Russia sanctions over Ukraine

by
australia

SYDNEY – Australia hit Russia with a “second phase” of sanctions on Thursday over its assault on Ukraine, the first salvo in an expected battery of new international measures to punish Moscow. Prime Minister Scott Morrison condemned Russia’s “illegal invasion” as he announced sanctions against 25 individuals, four entities involved in developing and selling military … Read more

TotalEnergies returns to profit after Covid crisis

by
TotalEnergies

PARIS: French energy giant TotalEnergies has rebounded from the Covid crisis with a huge 2021 profit as oil and gas prices soared, a performance that raised political hackles in an election year in France. The company reported net profit of $16 billion (14 billion euros), the highest in at least 15 years, following a historic … Read more

Gas shortage in Sindh: SHC seeks explanation from energy, finance secretaries

by

Sindh High Court on Monday summoned federal secretaries of energy and finance ministries to explain the reasons behind the persistent shortage of natural gas in Sindh. Read more: CNG stations reopened across Sindh after 2.5 months A two-member bench headed by Justice Muhammad Karim Khan Agha, which took up a petition pertaining to implementation of the … Read more

Gas giants’ Myanmar exit unlikely to badly damage junta: analysts

by
Myanmar

BANGKOK: The exit of energy titans TotalEnergies and Chevron from Myanmar’s billion dollar gas industry has been hailed by rights groups, but analysts say it will not significantly weaken the generals and may even enrich the military in the short term. Both firms had faced pressure to cut financial links with the junta that toppled … Read more

Oil prices sink 5% on Omicron demand fears

by
Oil prices

LONDON: World oil prices fell by more than 5 per cent on Monday, as energy demand fears grew over the fast-spreading Omicron coronavirus variant. In morning deals, Brent North Sea crude tumbled 5.1 per cent to $69.79 per barrel and New York’s West Texas Intermediate oil lost 5.7 per cent to $66.84. The rapid spread … Read more

Erdogan pledges 15 mn Covid vaccine doses for Africa

by
Covid vaccine

ISTANBUL, Dec 18, 2021 (AFP) – Turkey will send 15 million Covid-19 vaccine doses to Africa, President Recep Tayyip Erdogan announced on Saturday at a major summit of the continent’s leaders, adding that the low vaccination rates there were a blot on humanity. Ankara has invested heavily in developing trade and diplomatic ties with the world’s … Read more

Over 2/3 of Chinese-invested expressway in Cambodia completed

by
chinese

PHNOM PENH: Nearly 71 percent of the construction work on the Chinese-invested Phnom Penh-Sihanoukville Expressway has been completed despite the COVID-19 pandemic, the Cambodian Ministry of Public Works and Transport (MPWT) said in a news release on Sunday. MPWT’s secretary of state Yit Bunna visited the construction site in southwestern Kampong Speu province on Friday, … Read more

Saudi Arabia, Bahrain study establishment of joint holding company

by
Saudi Bahrain

RIYADH: A feasibility study to establish a Saudi-Bahraini multidisciplinary holding company is being prepared with the aim of launching joint investment projects, the Saudi-Bahraini Business Forum has announced. The forum was organised by the Council of Saudi Chambers and the Bahrain Chamber of Industry and Commerce in Manama, on the sidelines of Crown Prince Mohammed … Read more

ADB approves $300 million loan to strengthen Pakistan’s energy sector

by
ADB

ISLAMABAD: The Asian Development Bank (ADB) on Friday approved a $300 million policy-based loan to support financial, technical, and governance reforms to strengthen Pakistan’s energy sector and improve its financial sustainability. The financing is part of the second sub-programme of the ADB’s Energy Sector Reforms and Financial Sustainability Programme, which aims at improving the governance … Read more

Global shipping outlook turns stable from positive

by
Global shipping

RIYADH: As the demand slightly outstrips supply, Moody’s Investors Service has changed the outlook for the global shipping industry to stable from positive for the next 12 to 18 months, Arab News reported. A report issued on Monday said the change is driven by tough comparisons with the very strong cash flows generated this year rather than … Read more

US investment bank to open Riyadh office, hire Saudis

by
Riyadh

RIYADH: US investment bank Moelis and Co plans to open an office in the Saudi capital Riyadh and will soon begin hiring staff in the kingdom, Bloomberg reported. The New York-based company sees the kingdom attracting more foreign investors and benefiting from an “energy supercycle,” Vice Chairman Eric Cantor said in an interview. The boutique financial adviser, … Read more

India, China, Russia key to quicker global energy transition: US envoy

by
global energy transition

DUBAI: India, China, and Russia need to fully commit to reducing emissions for a global energy transition to happen quickly, US special envoy for Climate Change John Kerry said at a conference in Dubai, Arab News reported. Speaking at the Global Manufacturing and Industrial Summit, Kerry said there is “incredible movement” from global players, as well as … Read more

Saudi Aramco emerges as world’s most profitable firm in third quarter

by

RIYADH: Saudi Aramco is the world’s most profitable company in the third quarter, beating tech giants such as Google, Amazon and Apple, as well as other listed energy companies such as ExxonMobil and Shell, Arab News reported. Thanks to the recent increase in oil prices, the Dhahran-based company reported that its net income in the third quarter … Read more

Unisame thanks PM for keen interest in SME sector

by
SME

KARACHI: The Union of Small and Medium Enterprises (Unisame) has thanked Prime Minister Imran Khan for keen interest in the development of the underprivileged sector, a statement said. It also thanked Federal Minister for Industries and Production Makhdoom Khusro Bakhtyar for convening a meeting of the stakeholders and conducting deliberations for the development of the … Read more

FrieslandCampina shifting operations to renewable energy

by

LAHORE: FrieslandCampina, Dutch multinational dairy cooperative, is gradually shifting its operation at its Sahiwal plant to environment-friendly renewable energy resources. The manufacturer of the best seller tetra pack brand, Olper, is meeting 15 per cent of the energy needs through biomass. The plant, which is producing both milk and Omore ice-cream, is generating the rest … Read more

Tarin calls for adopting forward planning for energy prices

by
Pakistan needs long-term planning

ISLAMABAD: Finance Minister Shaukat Tarin has urged to adopt forward planning, while dealing with the volatile energy prices in the international markets. During a meeting with Federal Minister for Energy Hammad Azhar and Special Assistant to the Prime Minister on Power and Petroleum Tabish Gauhar at the Finance Division, Tarin emphasised the importance of risk … Read more

Cabinet committee approves Power Division’s expansion plan

by

ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday approved the Power Division’s Indicative Generation Capacity Expansion Plan, known as IGCEP 2021/30, an indicative annual plan prepared by the National Transmission and Dispatch Company (NTDC) as per the National Electricity Policy (NEP) approved by the CCI. The plan was presented in the meeting of CCoE … Read more

Pakistan Prosperity Index up 13% on improved business activities

by
prosperity

LAHORE: The Pakistan Prosperity Index (PPI) has increased 12.8 per cent on account of improvement in the business activities, a report issued by PRIME revealed on Thursday. The Pakistan Prosperity Index is an agglomeration of trade volume, lending to the private sector, purchasing power and manufacturing output indices. The trade volume witnessed an increase of … Read more

NITL to launch two new funds

by

KARACHI: The National Investment Trust Limited (NITL) is in the process of launching two new funds, NIT-Social Impact Fund (NIT-SIF) and NIT-Islamic Money Market Fund (NIT-IMMF), a statement said on Thursday. To introduce the new funds and discuss NIT’s performance, NITL managing director Adnan Afridi met Fauji Foundation managing director Waqar Ahmed Malik in Islamabad. … Read more

Aramco joins consortium to finance Saudi Arabia’s biggest solar project

by

DUBAI: A consortium led by developer ACWA Power has reached financial closure for the 1,500MW Sudair solar plant, a key project in Saudi Arabia’s renewable energy push, Arab News reported. The developer also announced that Aramco-owned Sapco has joined the consortium, marking the oil giant’s first participation in the Saudi Public Investment Fund’s renewable energy … Read more

Benefits of Banana and Rubbing Banana Peel on Skin

by
Benefits of Banana and Rubbing Banana Peel on Skin

An immediate energy booster, banana is one fruit that is commonly available across the globe. It is a common feature in breakfast menus, and it is definitely with accurate reason. It gives you immediate strength to kick start your day and is stated to be excellent for the stomach. There are umpteen advantages of banana … Read more

Govt urged for steps to manufacture solar panels in Pakistan

by
Solar power

KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged the government to initiate measures for the manufacturing of solar panels in Pakistan and facilitate big competent private sector parties to set up plants in collaboration with the Chinese counterparts, a statement said on Saturday. Unisame president Zulfikar Thaver said that one of the … Read more

Pakistan to raise green energy share by 30% in 10 years

by
Pakistan

ISLAMABAD: The government is making all-out efforts to increase the share of renewable energy in the electricity generation by 30 per cent in the next 10 years, a senior government official said on Wednesday. Talking to German Ambassador to Pakistan Bernhard Schlangheck, who called on him, Federal Minister for Energy Hammad Azhar appreciated the recent … Read more

Pakistan, US want peaceful settlement of Afghan conflict: Ambassador Asad Khan

by
Pakistan, US want peaceful settlement of Afghan conflict: Ambassador Asad Khan

With the United States having nearly completed the withdrawal of its troops from Afghanistan, an inclusive political settlement in the war-torn country would best serve Pakistan and US’ shared security interests in the region, Pakistani Ambassador in Washington Asad Majeed Khan said on Thursday. Speaking at the United States Institute of Peace (USIP), where he … Read more

Foreign investors contribute Rs1.4 trillion as tax in Pakistan

by
Foreign investors contribute Rs1.4 trillion as tax in Pakistan

KARACHI: Foreign investors operating in Pakistan have contributed Rs1.4 trillion as tax revenue to the national exchequer during 2020/21, a statement said on Monday. Irfan Siddiqui, president of the Overseas Investors Chamber of Commerce and Industry (OICCI), representative of the foreign companies operating in Pakistan, said: “We are proud that in the past 12 months, … Read more

PM Imran Khan will begin three-day visit to Saudi Arabia today

by
PM Imran Khan will begin two-day visit to Saudi Arabia today

Prime Minister (PM) Imran Khan is embarking on a three days official visit to Saudi Arabia from today.

According to the details, Imran Khan is visiting the Kingdom on the invitation of Saudi Crown Prince Mohammad bin Salman bin Abdulaziz.

During his visit, Prime Minister Imran Khan will be accompanied by a high-level delegation, including the Foreign Minister and other members of the Cabinet.

Prime Minister’s consultations with the Saudi leadership will cover all areas of bilateral cooperation including economic, trade, investment, energy, job opportunities for Pakistani workforce, and welfare of Pakistani Diaspora in the Kingdom.

The two sides will also exchange views on regional and international issues of mutual interest.

Several bilateral agreements/MoUs are expected to be signed during the visit.

The Prime Minister will meet the Secretary-General of the Organization of Islamic Cooperation, Dr. Yousef Al-Othaimeen, the Secretary-General of the World Muslim League, Mohammad bin Abdulkarim Al-Issa and the Imams of the Two Holy Mosques in Makkah and Medina.

He will also interact with the Pakistani Diaspora in Jeddah.

Read more

Room temperature superconductors could transfigure the electrical grid

by
Superconductors

Scientists have come across superconductors which display a property at room temperature. Technologists have been on the lookout for such material and this is one of its kind. The substance is a superconductor – electrical current flows through efficiently, with no energy wasted as heat. Currently, researchers and scientists lose a lot of the energy … Read more

Menu

Latest

Entertainment

Lifestyle