Business

KARACHI (Kashmir English): High-level talks between Pakistan and Qatar for the supply of at least 4 cargoes of liquefied natural gas (LNG) have entered the final stages, which could potentially reach Pakistan via the Strait of Hormuz. According to media reports, due to a power shortage, the Power Division has made a formal request to

ISLAMABAD (Kashmir English): An economist claims that the price of petrol in Pakistan would drop to Rs.30 per litre because current energy policies need to support both electric mobility and solar power development. The economist points out that the government failed to establish effective energy policies. The economist demonstrated that consumers only pay for mobility because

ISLAMABAD (Kashmir English): All eyes are now on Pakistan’s upcoming petroleum price review as global crude oil markets witness a significant downturn, with prices slipping by nearly 10% to around $84–$85 per barrel. This dramatic dip is causing a great deal of expectation of additional relief from the impact of inflation for the consumer community

ISLAMABAD (Kashmir English): Prime Minister Shehbaz Sharif has approved the reduction in diesel price by Rs. 32.12 per liter, aimed at providing relief to the citizens. After the approval, the price of diesel has decreased from Rs. 385.54 to Rs. 353.43 per liter, according to the statement from the Prime Minister’s Office. “The effects of the

LONDON: Oil prices have plunged by about 9 per cent on Friday, extending previous losses, after Iran’s foreign minister said that the passage for all commercial vessels through the Strait of Hormuz is now open for the remaining ceasefire period, in line with that in Lebanon, Reuters reported. Brent crude futures have dropped by $8.46,

ISLAMABAD (Kashmir English): Power Minister Awais Leghari on Friday announced on X (formerly Twitter) that the federal government has formally ended the long-controversial facility of free electricity units for power sector employees following a court-backed decision. Leghari described the verdict as a groundbreaking change that would transform Pakistan’s energy industry. Leghari wrote that for the