Pakistan Refinery Ltd to Import First-Ever Nigerian Bonny Light Crude from Vitol

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KARACHI: Pakistan Refinery Ltd (PRL) will import its first cargo of Nigerian Bonny Light crude from global energy trader Vitol in September, marking a shift in sourcing strategy as Asian refiners turn to cheaper alternatives to costly Middle Eastern oil. According to industry sources, the 500,000-barrel light-sweet crude shipment will load later this month and is expected to arrive in Karachi by late September. Pricing details have not yet been disclosed. Both PRL and Vitol declined to comment. The deal comes shortly after Pakistan’s first agreement to import US crude…

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Karachi’s Green Line BRT Phase 2 Set to Launch in August

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KARACHI: Exciting developments are underway for Karachi commuters as construction on Phase 2 of the Green Line Bus Rapid Transit (BRT) project is set to begin in the second week of August 2025. This new phase follows the success of Phase 1, which has been operating since 2021 along the Surjani Town to Numaish corridor. Phase 2 will extend the Green Line by 1.8 kilometers, running from Capri Cinema to Municipal Park in Saddar, a high-traffic area in central Karachi. The extension aims to significantly ease congestion and offer a…

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How to Apply for Sindh Government’s Free Solar System Scheme

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The Sindh Free Solar System Scheme is a key government initiative aimed at supporting low-income households consuming less than 100 electricity units per month. The program promotes clean, sustainable energy by providing free solar home systems to eligible families across Sindh, including Karachi, Kohistan, and desert regions. ✅ Eligibility Criteria 📄 Required Documents 📝 How to Apply ⚠️ Note: Submission does not guarantee selection. Early application is strongly encouraged. 🎯 Selection & Installation This initiative aims to ease energy burdens and promote renewable power access for Sindh’s most vulnerable communities.

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Pakistan Eyes Deeper Trade Ties with Oman in IT and Energy Sectors

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ISLAMABAD: President Asif Ali Zardari has underscored Pakistan’s interest in expanding bilateral trade with Oman, particularly in key sectors such as information technology, energy, construction, healthcare, and food security, according to state media. The remarks came during a meeting with Oman’s Ambassador to Pakistan, Fahad Sulaiman Khalaf Al Kharusi, where both sides discussed avenues for enhancing economic cooperation. Zardari highlighted the importance of government-to-government engagement to drive private-sector collaboration and attract long-term investment. “Pakistan is keen to deepen trade and investment ties with Oman across priority sectors,” Zardari stated, emphasizing…

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Aramco Q2 Profit Falls 22% Amid Lower Oil Prices and Revenue

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DUBAI: Saudi Aramco, the world’s largest oil exporter, reported a 22% decline in net profit for the second quarter of 2025, primarily due to a drop in crude oil prices and overall revenue. The company posted a net profit of \$22.7 billion for the three months ending June 30, falling short of the \$23.7 billion median estimate from 17 analysts surveyed by Aramco. Aramco’s average realised crude oil price stood at \$66.7 per barrel during the quarter, a steep decline from \$85.7 in Q2 of 2024 and \$76.3 in the…

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