Sitara Petroleum Service Limited (SPSL) has announced plans to launch its Initial Public Offering (IPO), aiming to raise up to… Read More
Ending US-Iran War Will Not Solve Global Oil Crisis Immediately: Report
The global oil market is set to remain under severe pressure for months even if a peace deal is reached,… Read More
Electricity Supply Stable But Theft And Dead Power Plants Keep Grid on Ventilator
The Power Division spokesperson has stated that electricity supply in the country has improved significantly since April 17 but power… Read More
Wars Waged By US, Israel Will Cause World’s Worst-Ever Energy Crisis: IEA
The head of the International Energy Agency has warned that the ongoing wars involving Iran, the United States, Israel, and… Read More
Pakistan Refinery Posts Massive Profit After Record-Breaking Increase in Petrol Prices
Pakistan Refinery Limited (PRL) has posted a profit-after-tax (PAT) of Rs. 12.08 billion, a big recovery for the nine months… Read More
Govt to Install 10 Million Smart Meters to Replace Old Electricity System
Pakistan has taken a major step toward digitizing its power sector by signing a Transaction Advisory Services Agreement with the… Read More
Oil Tankers Keep Arriving in Pakistan Despite Hormuz Tensions
Shipping activity in Pakistan remains largely uninterrupted despite rising tensions in the Strait of Hormuz, with oil tankers continuing to… Read More
Minister Says Pakistan’s Electricity Crisis Will End Immediately if This Happens
Minister of State for Petroleum Ali Pervaiz Malik has said the government has approached Qatar to provide four liquefied natural… Read More
Iran Again Closes Strait of Hormuz After Trump Forgets to Lift US Blockade
Global energy markets and regional security were thrown back into uncertainty on Saturday whenn Iran again restricted traffic through the… Read More
Govt Announces Huge Decrease in Diesel Price But Nothing on Petrol Yet
Prime Minister Muhammad Shehbaz Sharif on Friday approved a big reduction in diesel prices as economic factors started stabilizing during… Read More
Here’s Why Electricity Loadshedding Suddenly Dropped in Pakistan
Loadshedding across Pakistan dropped sharply overnight after a sudden increase in water level at major dams boosted hydropower generation. This… Read More
Oil Prices Crash Under $80 per Barrel After Iran Opens Hormuz for Everyone
US oil prices crash to $83/barrel as Iran officially reopens the Strait of Hormuz for the remainder of the ceasefire.… Read More
