Category : Energy Sector


Oil Prices Plunge Over $2 on US-Iran Deal

Oil prices fell more than $2 per barrel after the US and Iran signed an interim agreement to end the Iran war, reopen the Strait of Hormuz, and waive sanctions, boosting oil supply expectations.

Pakistan Misses Oil and Gas Targets for FY 2025-26

Pakistan failed to meet oil and gas production targets for FY 2025-26, with crude oil at 95% and natural gas below target. LPG and coal exceeded expectations. LNG imports fell due to Middle East conflict.

PM Shehbaz bears cost of 100MW solar project for G-B

PM Shehbaz Sharif announced federal funding for a 100MW solar project in Gilgit-Baltistan, emphasizing timely completion and transparency. He also reaffirmed Pakistan's commitment to combating desertification and drought.

Punjab Proposes Rs752 Billion ADP for FY2026-27

Punjab government proposes Rs752 billion ADP for FY2026-27, down from Rs1.24 trillion, focusing on completing ongoing projects with 3,560 schemes, including major health and education initiatives.

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