A pump jack is seen at sunrise near Bakersfield, California.— Reuters/FileGlobal supply to drop by 8m bpd in March due to Hormuz blockade.IEA says recovery of production could take weeks or months.IEA head says oil reserve release has ‘strong impact’ on markets.The…
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Govt imposes new EV levy to raise Rs10bn in revenue

This representational image shows a charging port on an electric vehicle on February 13, 2019. — Reuters1% levy for cars under 1300cc.2% levy targets 1300cc to 1800cc vehicles.Cars over 1800cc to pay 3% EV levy.
ISLAMABAD: The government has notified imposition of the Energy Vehicle…
Workers’ remittances rise 8.4% in first quarter of FY26

Four thousand US dollars are counted out by a banker counting currency at a bank. — Reuters/FileRemittances up 11.3% year-on-year in Sept.Saudi Arabia remains top remittance source.FY26 inflows expected to exceed $41bn.
The overseas workers’ remittances witnessed an increase…
ADB clears $330m for Pakistan’s clean power transmission

The Asian Development Bank headquarters in Manila, December 4, 2002. — AFPPackage combines $285m OCR loan, $45m concessional financing.Project backs Pakistan’s clean energy transition, energy security.ADB says new assets will reduce losses, improve reliability.
The Asian…




