Author: Admin

US natural gas prices climb on lower output, higher demand

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natural gas prices

NEW YORK: US natural gas futures climbed about 2% to a 10-week high on lower daily output and forecasts for hotter weather and higher demand over the next two weeks than previously expected. That heat should prompt homes and businesses to crank up their air conditioners, which should push power generators to burn more gas to produce electricity to keep those air conditioners humming. Analyst said that heat would likely come at the same time some liquefied natural gas (LNG) export plants exit maintenance reductions, which should boost the amount…

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Oil prices jump as Israel-Iran conflict enters seventh day

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Oil falls

CALGARY: Oil prices rose on Thursday after Israel and Iran continued to exchange missile attacks overnight and U.S. President Donald Trump’s stance on the conflict kept investors on edge. Brent crude futures rose $1.60, or 2.1%, to $78.29 a barrel by 1030 ET. U.S. West Texas Intermediate crude for Julywas up $1.64, or 2.1%, at $78.34. Brent had surged to its highest in nearly five months at $78.50 on June 13, when Israel began its attacks. Trading volumes were light on Thursday due to a U.S. federal holiday. The conflict…

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Federal budget 2025 – 26FPCCI Rejects Excessive Authorities Given to Tax Officials Atif Ikram Sheikh, President FPCCI

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Federal budget 2025

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has informed that FPCCI rejects the excessive, overly-subjective and harassment-prone authorities given to the tax officials in the Federal Budget 2025 – 26. We also reject the authority of the taxmen enabling them to withdraw from the business accounts and raid the business premises without a notice, he added. Atif Ikram Sheikh demanded that the federal government must take back these harsh measures, before the federal budget is passed to have the confidence of the business community. He added that the tax collection…

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Pakistan Showcases Mining Sector Reforms at St. Petersburg International Economic Forum, Attracts Global Investor Interest

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Pervaiz-Malik

Federal Minister for Petroleum,Ali Pervaiz Malik, presented the country’s transformative mining sector reforms during a high-level panel discussion titled “The Responsibility of World Leaders for Mineral Reserves and Production for the Sustainable Development of Global Economy” at the St. Petersburg International Economic Forum (SPIEF) 2025. The minister highlighted Pakistan’s recently launched Mining Framework Policy and the completion of Feasibility Study of Reko Diq Mine as key milestones in creating an investor-friendly environment for sustainable mineral development. He underscored the success of Pakistan Minerals Investment Forum that took place in Islamabad…

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Pakistan Russia Energy Ministers Advance the Energy ties, Minister Ali Pervaiz invites Russian Company to invest in Minerals

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New-Project38

The Federal Minister for Energy Mr. Ali Pervaiz Malik, is visiting Russia, leading a delegation to participate in International Economic Forum 2025 being held in St. Petersburg, Russia from 18-21 June 2025. 2.    On the sidelines of the forum, the Minister held meetings with his counterpart and Chair of Pakistan-Russia Inter Governmental Commission (IGC) and Minister of Energy Mr. Sergei Tsivilev. During the meeting both sides held detailed discussions on areas of cooperation between two countries including energy, connectivity, trade and investment, banking and insurance, mining and people to people…

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