A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. — ReutersTrump orders fresh strikes against Iran.Washington revokes temporary Iran sanctions waiver.Markets monitor Strait of Hormuz tensions.Oil prices dipped Thursday…
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Pakistan’s domestic power sources cushion LNG supply risk, says minister amid ME crisis

An undated image showing a shipping vessel transporting LNG. — AFP/File74% of electricity comes from local sources: Awais Leghari.LNG now accounts for about 10% of Pakistan’s electricity generation.Power minister highlights reliance on nuclear, hydropower, coal.
KARACHI:…
Asia stocks surge, oil falls on hopes of US-Iran ceasefire deal

A file photo of of an oil pump jack. — AFP
Primary US benchmark West Texas Intermediate shaves below $88 a barrel.Tokyo, Seoul and Taipei stock exchanges surge by more than 2%.Hong Kong’s gains more muted, while Shanghai’s main benchmark loses 0.4%.
Nepra hikes power tariff by Rs1.63 per unit for January

A view of the Nepra building in Islamabad. — Nepra/FileDecision comes day after Nepra clears 3-month tariff hike.FCA to appear separately in March electricity bill, Ogra says.Move expected to generate around Rs17bn from consumers.
ISLAMABAD: The National Electric Power…




