Author: Admin

Wafi Energy Pakistan to establish subsidiary in UAE

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wafi energy

Wafi Energy Pakistan Limited (formerly Shell Pakistan Limited), a leading Saudi-based energy company, has approved the establishment of a wholly owned subsidiary in Dubai as part of its strategy to expand business and commercial operations beyond Pakistan. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. It said that the new company will be established in the Dubai Free Zone of Dubai Multi Commodities Centre (DMСС) and will be will be 100% owned by Wafi. “The Board of Directors of the company…

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Oil prices higher

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Oil price

NEW YORK: Oil prices rose more than 1percent on Monday after the US Department of Transpor-tation issued an advisory to US-flagged vessels to stay as far as possible from Iranian territory while voyaging through the Strait of Hormuz and Gulf of Oman. Brent crude oil futures were up 89 cents, or 1.3percent, at USD68.94 a barrel by 11:24 a.m. EST (1624 GMT). US West Texas Intermediate crude rose 83 cents, or 1.3percent, to USD64.38. The US DOT’s Maritime Administration agency noted that vessels going through the Strait of Hormuz and…

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Oil prices steady as Iran-US tensions and US data eyed

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Oil prices

NEW YORK: Oil prices were little changed on Tuesday as the market waited for direction from news on Iran and Russia and data on the U.S. economy and U.S. oil inventories. Brent futures rose 27 cents, or 0.4%, to $69.31 a barrel at 9:58 a.m. EST (1458 GMT), while U.S. West Texas Intermediate (WTI) crude rose 12 cents, or 0.2%, to $64.48. “The market is still focused on the tensions between Iran and the U.S.,” said Tamas Varga, oil analyst at brokerage PVM. “But unless there are concrete signs of…

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4th Pakistan Climate Conference

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4th Pakistan Climate Conference

Nestlé Pakistan wins OICCI Climate Champion Award second time in a rowFederal Minister for Climate Change Dr Musadik Malik recognizes Nestlé’s efforts in Pakistan towards Climate & Net Zero, regenerative agriculture and circularity; calls on private sector to come together for coordinated action KARACHI: Nestlé Pakistan’s efforts towards creating shared value for people, planet and business were recognized due to its initiatives on Climate & Net Zero, regenerative agriculture and circularity at the 4th Pakistan Climate Conference, as it won the top Climate Champion Award second time in a row.…

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The Green Tech Revolution: Can Asia Lead the World?

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Green Tech Revolution

Asia is facing the effects of climate change, and the stakes are incredibly high. Extreme weather events are no longer rare occurrences; they have become a constant part of life on the continent. In India, summer heatwaves in 2025 pushed temperatures above 50°C in parts of Rajasthan and Madhya Pradesh. This overwhelmed power grids and led to hundreds of deaths related to heat. Meanwhile, Southeast Asia is dealing with unprecedented floods. In the Philippines and Vietnam, over 500,000 people were displaced last year as rivers and drainage systems overflowed, destroying…

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