Author: Admin

OPEC+ to consider another accelerated oil output increase for June

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Oil falls

LONDON: Several OPEC+ members will suggest accelerating oil output hikes in June for a second consecutive month, three sources familiar with the matter told Reuters. Oil prices fell to a four-year low in April, weakened by a U.S.-China trade war and the unexpected decision by OPEC+, which brings together OPEC and other major producers such as Russia, to increase output by 411,000 barrels per day of oil in May. The figure was three times more than the group originally planned. Eight OPEC+ countries will meet on May 5 to decide the…

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Gold prices in Pakistan see biggest drop in history

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gold price

In a new twist in the US-China tariff war, the price of gold in Pakistan and world over has witnessed the biggest drop in history According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola saw a massive drop of Rs11,700 to reach Rs352,000. Similarly, the price of 10 grams of gold decreased by Rs10,031, bringing it to Rs301,783.  Also Read: Gold rate shatters all records in Pakistan – April 22, 2025 The global gold market has also witnessed significant changes, with the price…

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39th IEEEP International Symposium

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IEEEP-Project-1

PEC to bridge gap between universities, industry to boost research, innovation on campuses for growth of Pakistan Karachi The Pakistan Engineering Council (PEC) will serve as a vital link between universities, industry, and professional engineering bodies to transform academic institutions into hubs of research and innovation by updating curricula to effectively and sustainably contribute to national development. The PEC Chairman, Engineer Wasim Nazeer, extended this assurance while addressing as the chief guest at the inaugural session of the two-day 39th Multi-Topic International Symposium of the Institution of Electrical and Electronics…

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Federal Minister for Power, Sardar Awais Ahmad Khan Leghari, Meets Oracle Delegation

Admin

Islamabad, April 23, 2025 Federal Minister for Power, Sardar Awais Ahmad Khan Leghari, held a meeting with senior representatives of Oracle Corporation to explore opportunities for collaboration on the digitization and automation of Pakistan’s power sector. The Oracle delegation was led by Mike Ballard, Vice President of Industry Strategy. The meeting focused on modernizing the energy sector through the adoption of digital technologies, with the aim of improving operational performance, increasing transparency, and providing better services to consumers. Minister Leghari emphasized the importance of embracing the rapid growth of information…

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KUFPEC Eyes Offshore Bidding Round in Pakistan, Minister Malik Welcomes Investment”

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KUFPEC-Project

Islamabad. A high-level meeting was held Federal Minister for Petroleum Ali Pervaiz Malik and Mr. Ali Taha Al-Temimi, Country Manager of KUFPEC (Kuwait Foreign Petroleum Exploration Company) and chairman of the Pakistan Petroleum Exploration & Production Companies Association (PPEPCA). The meeting focused on strengthening collaboration in Pakistan’s oil and gas sector, enhancing exploration activities, and addressing key challenges to enhance exploration activities in Pakistan. During the discussions, Minister Ali Pervaiz Malik emphasized the government’s commitment to facilitating foreign and local investors in the petroleum sector. He highlighted ongoing reforms aimed…

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