German Parliamentary Minister for Economic Affairs Niels Annen on Tuesday announced economic assistance worth 163 million euros for Pakistan.
Read MoreGermany Announces €163m Aid for Pakistan
Month: May 2023
KE’s Mounting Losses Are Merely A Blip
K-Electric Ltd CEO Moonis Alvi said on Tuesday the unusually high loss that the vertically integrated power utility recorded in the first nine months of 2022-23 constitutes no more than a “blip” in the long run.
Read MoreMore Iranian Fuel Being Smuggled to Pakistan, Petroleum Dealers Say
Petroleum dealers have flagged a surge in the smuggling of Iranian fuel to Pakistan, saying that up to 35 percent of diesel sold in the South Asian country has arrived illegally from Iran, the Pakistan Petroleum Dealers Association (PPDA) told Reuters on Tuesday.
Read MoreGovt Seeks Anti Smuggling Report of POL Products
Amidst the unabated smuggling of Iranian diesel, the Ministry of Interior recently sought a month-wise seizure report of smuggled petroleum, oil and lubricants from the Federal Board of Revenue (FBR).
Read MoreGovt to address IMF concerns on petrol subsidies
After months long delay in the revival of International Monetary Fund (IMF) programmed Pakistan now aims to address the concerns raised by the Washington-based lender before implementing the proposed fuel subsidy plan, Bloomberg reported Tuesday.
Read MoreSuspension of Mobile Broadband Telecom Operators Lose Rs820mn, Source Says
Following the suspension of mobile broadband services in Pakistan on Tuesday, telecom operators have so far reported a loss of Rs820 million, with the government losing around Rs287 million in tax revenue, a source in the telecom industry told Business Recorder.
Read MoreChina Is Coming Out Of The Shadows To Defend Its Oil Interests
Given the high stakes geopolitical game in which the world finds itself following Russia’s invasion of Ukraine last year, it would be naïve to be believe that anything as high-profile as Iran’s seizure of oil tankers in and around
Read MoreOil Price Volatility Will Only Get More Extreme
Concerns about the economy and new banking sector jitters have sent oil traders rushing for the exits and cutting their bullish bets on crude oil again. As more speculators leave the market – with open interest in U.S. crude oil futures at its lowest in three years – prices are set for more extreme volatility.
Read More14,000 Inactive Oil & Gas Wells In U.S. Unplugged
A study published in Nature Energy on Monday has revealed that the U.S. Oil Patch is home to tens of thousands of inactive offshore oil and gas wells that remain unplugged, posing the risk of possible leaks into the ocean.
Read MoreAlberta Wildfires Take 145,000 Bpd Of Oil Off Market
More than half a dozen Canadian oil and gas companies including Paramount Resources (OTCPK:PRMRF), Crescent Point Energy Corp. (NYSE:CPG), Vermilion Energy Inc. (NYSE:VET), Pipestone Energy Corp. (OTCPK:BKBEF), Kiwetinohk Energy Corp. (TSX:KEC:CA),Tourmaline Oil Corp. (OTCPK:TRMLF) and Cenovus Energy Inc.
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