Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by ongoing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic spreading. Brent crude was up $2.00, or 6.2%, at $34.50 per barrel, after touching a high since…
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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 17th May, 2020 ) :All Pakistan Petroleum & Compressed Natural Gas Association (APPCNGA) has demanded of the Federal and provincial governments to restore the public service transport as its closure, enforced due to the coronavirus pandemic, had left around 2.5 million people jobless across the country. “The people associated with the…
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The Khyber Pakhtunkhwa (KP) government has recently decided to set up a provincial grid company, a decision being widely hailed as a move in the right direction by high ups in the province. If the plan is successful, KP will become only the second province to be granted a provincial grid company license, with Sindh being the first. Before getting…
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ISLAMABAD: Amid tight demand-supply conditions of high-speed diesel during the wheat harvesting season, the government has asked the oil marketing companies and refineries to beef up supplies of major transport fuels ahead of Eidul Fitr. In an advisory issued on the weekend, the petroleum division directed “all OMCs to enhance their logistics movement from Karachi to upcountry locations so that…
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The COVID-19 pandemic is casting a shadow over the world of a possible economic recession which could be even worse than the one a decade ago, scholars said during the 2020 Tsinghua PBCSF Global Finance Forum held in Beijing on Saturday, calling for global approach and preparation for a long and bumpy recovery. “I don’t think we are at the…
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