Oil Prices Dip as Supply Pressures Weigh on Market Despite Geopolitical Tensions Global oil prices slipped on Friday as supply concerns outweighed geopolitical risks, with traders preparing for the expiration of Brent’s October contract. At 02:51 GMT, Brent crude futures for October delivery fell 53 cents, or 0.8%, to $68.09 per barrel, while the more […]
Government Moves to Stabilize Sugar Prices with Import Agreement Islamabad – In a bid to address domestic sugar shortages and curb rising prices, the government has approved the phased import of sugar. According to official sources, Letters of Credit (LCs) have already been issued to banks, paving the way for shipments to arrive at Pakistani […]
Lining work of the 38-mile-long KB feeder has recently started under the Greater Karachi Bulk Water Supply Scheme commonly known as K-IV. Murad Ali Shah said that the project will ensure an enhanced water supply of 9,800 cusecs to Karachi to meet the water needs of the provincial capital. Currently, KB Feeder is not carrying […]
He made this directive while addressing a review meeting on the gas supply situation in the country in Islamabad today. Taking notice of complaints about reduced gas supply to domestic consumers, the Prime Minister instructed reforms in the supply system to resolve this issue permanently. He emphasized that providing gas to domestic consumers remains the […]
Brent crude futures dropped 31 cents, or 0.4%, to $73.56 a barrel by 0340 GMT while U.S. West Texas Intermediate crude futures were at $70 a barrel, down 38 cents, or 0.5%. Both benchmarks fell more than 2% last Friday. Beijing’s stimulus package announced at the National People’s Congress (NPC) standing committee meeting on Friday […]
