A technician works on porcelain insulators on power transmission tower in Karachi. — Reuters/FileConsumers using up to 100 units to pay Rs200 fixed charges.Consumers using up to 200 units to pay Rs300 fixed charges.Nepra cuts electricity rates for industrial consumers by…
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Remittances, lower services imports boost country’s current account surplus
A foreign currency dealer counts US dollars at a shop in Karachi, on May 19, 2022. — AFP/FileCurrent account surplus reached $427 million in February.External account stabilised with adequate buffers, says govt adviser.Khurram Schehzad terms it key milestone for economic…
OGDC makes significant oil, gas discovery in Sindh’s Sanghar
A drone view of a pump jack and drilling rig south of Midland, Texas, United States. — Reuters/FileWell produced 2,000 barrels oil, 1.1 mmcfd gas daily: OGDC.Lower Goru Formation confirms hydrocarbon reservoir potential.Discovery opens new exploration window in Sanghar district.
What does US naval blockade of Iran mean for oil flows?
A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province, April 12, 2026. — Reuters
The US military said it would block shipping traffic in and out of Iran’s ports starting at 10am ET on Monday, a move that would prevent roughly two million…