HOUSTON: Oil prices slipped on Friday and were bound for a weekly loss as investors digested waning Chinese demand and a possible slowing of the U.S. Federal Reserve’s interest rate cut path. Brent crude futures dropped 71 cents, or 0.98%, to $71.85 a barrel by 10:32 a.m. EDT. U.S. West Texas Intermediate crude futures were down 72 cents, or 1.05%,…
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LAHORE: Central Chairman of Pakistan Hardware Merchants Association Sardar Usman Ghani Central Chairman in a statement has demanded the government to charge electricity bill rates on the basis of total consumption and not on excess consumption, moreover domestic, industrial, commercial and agricultural electricity bills to be received on the basis of uniform rates. He demanded that electricity rates should be…
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صوبائی وزیر ناصر شاہ کا سجاول میں گیس اور کنڈینسیٹ دریافت ہونے کا اعلانمراد علی شاہ کی سندھ بالخصوص سجاول کو مبارکبادکراچی (15 نومبر): صوبائی وزیر برائے توانائی، منصوبہ بندی و ترقیات سید ناصر حسین شاہ نے ضلع سجاول کے شاہ بندر بلاک میں واقع پتیجی-6 ایکسپلوریشن کنویں میں گیس اور کنڈینسیٹ کی ایک بڑی دریافت کا اعلان کردیا جہاں…
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Islamabad: The National Electric Power Regulatory Authority (NEPRA) has issued a stern warning to Distribution Companies (Discos) and K-Electric to resolve consumer overbilling issues or face legal consequences. In a letter, NEPRA referenced its earlier directives from July 30, 2024, where it instructed Discos to adjust bills issued on a pro-rata basis. These adjustments were necessitated when meter readings taken…
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BAKU: COP29 has been marked by contentious negotiations as developed and developing nations clash over the New Collective Quantified Goal for climate finance. Progress remains slow, with only limited advances in carbon market standards under Article 6.4 of the Paris Agreement. Disputes over the rushed adoption of these guidelines highlight lingering disagreements on carbon credits, deemed by activists as “false…
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Islamabad: Public sector power companies have proposed a Rs1.016 per unit negative Fuel Cost Adjustment (FCA) in electricity bills, potentially refunding Rs10 billion to consumers overcharged in October 2024. If approved, this will mark the fourth consecutive month of negative FCA, enabled by significant fuel cost savings and a 20% base tariff hike implemented for the fiscal year 2024-2025. The…
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