A worker holds a fuel nozzle to fills fuel in a car, after the government announced the increase of petrol and diesel prices, at petrol station in Karachi on September 16, 2023. — ReutersRegulator calls price cut reports speculative, not official working.Diesel, kerosene, LDO cuts…
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Crude oil slumps after reopening of Hormuz drains geopolitical risk from markets
3D printed oil barrels, rising stock graph are seen in this illustration. — Reuters/FileIran allows commercial shipping through Hormuz during ceasefire.Araghchi says route fully open for remaining ceasefire period.Brent settles at $90.38, down 9.1%; WTI fell below $90.
Oil prices…
IMF points to weak suspicious transaction reporting in real estate sector
Logo of the International Monetary Fund. — ReutersFBR raids 2 key real estate societies on “concealment” of sale and income.IMF flags trade-based money laundering during recent third review.Fund raises questions on prevalence of non-performing loans in banking.
Power demand rises as heat intensifies; LNG cargoes sought to avert load-shedding
Representational image of electricity bulbs. — PixabayPower Division warns failure to secure LNG supplies may result in more load-shedding.Power producers likely to rely on costly diesel in absence of LNG.Gas supply to CNG sector in May is expected to be cut off amid regional…