The logo of Italian multinational energy company Eni is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. — Reuters Cuts follow request from gas distributor amid surplus supply.Shift to solar cuts gas demand,…
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Oil industry urges review of mandatory EV chargers at petrol stations
People charging an electric vehicle in Islamabad, on March 25, 2026. — APPEV chargers require Rs15m-20m investment per unit.Only few EV stations reaching operational breakeven.Around 3,000 EVs currently operating nationwide.
KARACHI: The Oil Companies Advisory Council has…
FBR’s transformation plan to boost tax-to-GDP ratio from 10.24% to 18%
A representational image showing the FBR logo. — FBR website/File
Officials highlight gap in taxes, which will be plugged via digitisation.FBR’s contribution will rise to 14%, provincial revenues by 3%.Authority’s capacity being enhanced by hiring around 1,600…
Oil surges over 7%, stocks slide as Iran-US naval flare-up unsettles markets
Oil, miniatures of oil barrels, oil pump jack and US dollar banknote are seen in this illustration taken on June 6, 2023. — ReutersBrent crude oil jumps ~7% to $96.85 in early Asian trade.S&P 500 futures fall ~0.9% as risk sentiment weakens.Euro slips 0.3%, yen eases ~0.2% against US…