WTI prices fell to $86.13 per barrel by 2:24 pm ET, down $3.28, or 3.67% on the day. Brent crude fell $2.98 (-3.13%) on the day to $92.12 per barrel—the lowest price since February this year. Gasoline prices in the United States have been falling for months now led by falling crude oil prices. Today’s gasoline prices in the United…
Read More
Pakistan may seek a 15-year LNG contract with Qatar on a G2G (government to government) basis — two cargoes in a month with a reopening price clause after 11 years — during the forthcoming visit of Prime Minister Shehbaz Sharif, a senior official of the coalition government has told The News. “The likely dates for the visit of the premier…
Read More
The standard operating temperature of a PV module is higher than the ambient temperature. Under continuous exposure to extreme high temperatures, the temperature of a module at a solar power plant can reach 75°C or more, and the working temperature of its internal cells may be even higher. Existing base testing parameters commonly set the maximum temperature for a PV…
Read More
Mr. Irfan Iqbal Sheikh, President FPCCI, has demanded that the downward spiral in international oil prices and continuous appreciation of Pak Rupee over the past couple of weeks should be transferred to the end consumers in full with immediate effect. This is the only swift measure that the government of Pakistan can take to provide some relief to the business,…
Read More
There is no separate handling on modern lines of around 1,100 tonnes of garbage generated from hospitals in Karachi daily as haphazard disposal of medical waste creates a serious public health risk.This was stated by the Dean of Architecture and Management Sciences of the NED University of Engineering & Technology, Prof Dr Noman Ahmed, in his keynote address at the…
Read More
The government on Monday shelved a plan to sell two LNG-fired power plants to Qatar and instead decided to offer 51% stakes in the Roosevelt Hotel, New York, and the Pakistan International Airlines (PIA). Prime Minister Shehbaz Sharif took these decisions during a meeting convened to make preparations for his visit next week to Qatar, which is tentatively planned for…
Read More
China is taking emergency action to bring more water to the drought-hit basin of the Yangtze River, deploying relief funds, seeding clouds and developing new supply sources as a record-breaking heatwave damages crops and livestock. The Ministry of Water Resources said in a notice on Wednesday that drought throughout the Yangtze River basin was “adversely affecting drinking water security of…
Read More
A delegation of Omani investors, under the chairmanship of Al Anvwar Asian Investments, Dr. Anwar Al Balushi, met with Minister for Board of Investment Chaudhary Salik Hussain in Islamabad and informed him about their possible investment. The delegation expressed their interest in the construction of a 1,087-kilometer-long rail track from Gwadar to Jacobabad, Sindh. Anvwar Asia Investment Company, which is…
Read More
