Russia will continue supplying oil to Cuba despite mounting pressure from the United States, Moscow’s ambassador to Havana said on Thursday, underscoring long‑standing energy ties between the two countries amid a deepening geopolitical standoff. Read More: Russia warns against ‘outside interference’ after Cuba protests “We assume that this practice will continue,” Russian Ambassador Viktor Coronelli told the state […]
energy crisis
Discos implement forced loadshedding as shortfall hits 4,000MW
Power distribution companies (Discos) across Pakistan have begun forced loadshedding as the national electricity shortfall surged to nearly 4,000 Megawatts (MW), including 1,100MW in the Lahore Electric Supply Company (Lesco) area alone, which covers five districts. Read More: Govt says no electricity load shedding being carried out in country Officials attributed the shortfall to dense fog, […]
KCCI, LCCI join hands to push for economic revival
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) and Lahore Chamber of Commerce and Industry (LCCI) have agreed to strengthen cooperation to support Pakistan’s economic recovery. The move follows similar initiatives by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) aimed at uniting the business community to address ongoing economic challenges. During […]
ECC approves Rs1.2tr circular debt plan
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved an inter-corporate circular debt settlement plan, including tariff rationalisation for all six operational nuclear power plants, aligning them with other power producers and paving the way for the eventual winding up of Power Holding Limited (PHL) — a company created to manage legacy […]
Global commodity prices to hit six-year low by 2026: World Bank
ISLAMABAD — Global commodity prices are expected to fall to their lowest level in six years by 2026, marking the fourth consecutive annual decline, according to the latest Commodity Markets Outlook released by the World Bank. The report projects a seven per cent drop in prices in both 2025 and 2026, driven by weak global […]
Petrol prices likely to rise by up to Rs2.43 per litre from November 1
ISLAMABAD: Petroleum product prices are expected to rise from November 1, with an anticipated increase of up to Rs2.43 per litre, ARY News reported, citing industry sources. The Oil and Gas Regulatory Authority (OGRA) has prepared its initial fortnightly pricing summary for petroleum products. According to sources, petrol prices may increase by Rs1.48 per litre, […]
How Pakistan trapped itself in an economic deadlock
In every successful economy, one constant stands out: policy stability. Countries that progress economically — from Singapore to Germany — do so because their business environment is predictable, transparent, and efficient. Investors know that their capital is safe from political upheaval and arbitrary rule changes. In contrast, Pakistan’s economy has become a hostage to instability […]
Energy crisis in Pakistan: Conservation is the only solution
Energy in all forms is closely linked to economic prosperity of the county. Due to urbanization, climate change, and global warming energy demand is increasing. Pakistan is the state which is facing energy crisis and unfortunately failed to find a relevant solution. Presently, we are using many electronic gadgets which cause electricity consumption. On the […]
Contextualizing the energy crisis in Pakistan
With a rising population and an expanding economy, Pakistan’s energy needs have outpaced its national energy supply. Exacerbating the demand-supply gap isPakistan’s unsustainable power generation fuel mix, which contains a high share of oil-based power generation up to 32%, resulting in high cost of electricity production.Moreover, there is a heavy reliance on imported fuels which […]