Tractor Trolley Kills Teen in Lahore Accident, Driver Flees
A 19-year-old died and another was injured after a speeding tractor trolley hit two motorcycles in Lahore's Singhpura area late Sunday. The driver fled, and police are investigating.
Category : Energy Sector
Two Killed, Three Injured in National Highway Crash
Two men died and three were injured in a road accident between a car and a truck on the National Highway in Masu Bhurgari area on Sunday evening.
Pakistan Oil Consumption Rises 5% to 16.41 Million Tons in FY25
Pakistan's petroleum consumption grew 5% to 16.41 million tons in FY2024-25, driven by transport sector growth of 11%, while power and industrial use declined sharply, according to OGRA report.
OPEC+ Increases Oil Quotas by 188,000 bpd for July
OPEC+ ministers agreed to increase oil quotas by 188,000 barrels per day for July, but analysts say the move is unlikely to impact prices due to the Mideast war and Strait of Hormuz closure.
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Two Motorcyclists Killed in Truck Accident Near Maripur
Two young motorcyclists died after a speeding truck hit their bike near Maripur Hawksbay. Police arrested the truck driver, Imran, and seized the vehicle for investigation.
Water Sector Allocation Sparks Concern Among Experts
Pakistan's proposed Rs179 billion for water sector under PSDP 2026-27 falls short, experts say at least Rs500 billion needed for dams and hydropower projects crucial for water security and affordable energy.
Punjab Minister Orders Strict Action Over Manhole Incident
Punjab Housing Minister Bilal Yasin has ordered strict action against those responsible for the Baghbanpura manhole incident, including arrest of the contractor, and directed enhanced safety measures for manhole construction and repairs.
OPEC+ Weighs Output Hike as Iran War Disrupts Gulf Oil
OPEC+ ministers meet to consider production increases to cap surging oil prices, but analysts doubt effectiveness due to Strait of Hormuz closure from Iran conflict.
Sindh Govt Spends Billions on Climate Financing: Advisor
Sindh's environment advisor says billions are being spent on climate financing, citing desert crop cultivation. Experts urge public cooperation and nature-based solutions to combat climate change.
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Glass industry warns of collapse if import duties cut
Pakistan Glass Manufacturers Association warns that further reduction in import duties under NTP 2025-30 could shut down the entire glass industry, leading to massive job losses.
OGDCL's 11 New Wells Boost Oil and Gas Production
OGDCL commissioned 11 new wells across four provinces, adding 9,734 BPD oil and 74.25 MMSCFD gas, marking a record contribution in four years.
Pakistan sugar export debate repeats as PSMA seeks permission
PSMA requests sugar export permission again, citing surplus. Past exports led to price hikes and imports, raising concerns about cartel influence and consumer impact.
Hisense Launches in Pakistan with Airlink Partnership
Global tech company Hisense has launched operations in Pakistan via Airlink Communication, aiming to boost local manufacturing, technology transfer, and job creation.
Pakistan's flawed power tariff policy ignores root causes
Pakistan's proposed two-part industrial tariff policy penalizes solar adopters, risking higher costs and inflation. Structural reforms needed instead.
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Faisalabad Intensifies Monsoon Preparations to Prevent Flooding
Provincial Parliamentary Secretary Barrister Sultan Bajwa directs accelerated monsoon measures in Faisalabad, including dewatering sets, desilting, and emergency camps to prevent urban flooding.
Pakistan-Tajikistan Finalize CASA-1000 Energy Deal
Pakistan and Tajikistan finalize CASA-1000 terms, boosting regional energy connectivity and addressing energy shortages in both nations.
Water Sector Faces Rs179bn Allocation Against Rs969bn Need
Pakistan's water sector faces a funding gap as the government proposes Rs179bn for development, far below the Rs969bn required. Major projects like Diamer-Bhasha and Dasu see reduced allocations.
OCAC warns against recovery of oil inventory gains
The Oil Companies Advisory Council has expressed concern over proposed recovery of inventory gains and cross-subsidy review, urging fair policy interventions for energy security.
Qayyumabad protest over water crisis blocks Karachi junction
Hundreds of Qayyumabad residents blocked a major Karachi junction on Friday, protesting a four-month water supply disruption, causing severe traffic chaos and highlighting growing frustration over broken promises.
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Sindh CM orders crackdown on wheat hoarding amid price surge
Sindh Chief Minister Syed Murad Ali Shah directs authorities to take immediate action against hoarding and speculative trading of wheat, warning of strict measures to stabilize prices and ensure food security.
Work Resumes on Faisalabad Wastewater Plant After Security Issue
Construction of Punjab's second-largest wastewater treatment plant in Faisalabad resumes after a temporary halt due to security concerns raised by Danish donor agency DANIDA.
Oil Prices Rise on Hezbollah Ceasefire Rejection, Oman Suspension
Oil prices edged up on Friday after Hezbollah rejected a Lebanon ceasefire proposal and Oman's Mina al Fahal terminal suspended loadings due to an explosion, paring previous losses.
Russia, Uzbekistan Start Building First Nuclear Plant
Putin and Mirziyoyev launched Uzbekistan's first nuclear power plant, a hybrid station by Rosatom, marking a milestone in bilateral energy cooperation.
KOICA and PCRWR Sign $10.97M Water Management Deal
KOICA and PCRWR signed a $10.97 million project to improve water research infrastructure and integrated water resources management in Pakistan, addressing climate and demographic challenges.
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Pakistan's LNG Crisis: Strait of Hormuz Blockade Exposes Vulnerabilities
A Strait of Hormuz closure forced Pakistan into emergency LNG purchases, industrial shutdowns, and power outages. Diplomatic mediation secured limited Qatari supply, but structural energy risks remain.
Oil Prices Rise as Middle East Tensions Escalate (04.06.2026)
Oil prices extended gains on Wednesday as Middle East hostilities flared with Iran firing missiles at Kuwait and Bahrain, while US-Iran talks showed little progress.
UAE PMI Shows Growth as Egypt and Kuwait Stay in Contraction
The UAE's non-oil PMI rose to 52.6 in May, signaling growth, while Egypt and Kuwait remained below 50, indicating contraction amid regional tensions and supply disruptions.
Pakistan to Fund Major Railway Projects in Upcoming Budget
Prime Minister Shehbaz Sharif announces funding for railway modernization in the federal budget, aiming to boost freight, trade logistics, and revive aging infrastructure.
Hormuz Crisis: Poorer Nations Face Soaring Fuel Bills and Unrest
The Hormuz crisis has triggered fuel price hikes, political unrest, and economic strain in poorer nations, with Kenya, Pakistan, and Nigeria among the worst affected.
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Oil Falls on Israel-Lebanon Ceasefire, Iran Hopes
Oil prices fell on Thursday after a ceasefire between Israel and Lebanon boosted hopes for a broader deal with Iran, potentially reopening the Strait of Hormuz. Brent crude dropped 0.89%.
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