News

UAE to expand LNG exports

The United Arab Emirates (UAE) plans not only to meet domestic demand for liquefied natural gas (LNG), but also to grow its exports, Energy Minister Suhail al-Mazrouei said on Monday. Mazrouei said he agreed with Qatar's energy minister that global demand for natural gas is outstripping investment in production projects. "We intend not only to satisfy our local demand, but we are also growin

Industrial tariff hike \'disastrous\' for exports

The industrial community of Punjab, particularly the value-added textile export sector, has condemned the proposed increase in base tariffs sought by power distribution companies (DISCOs), including Islamabad, Faisalabad and Lahore electricity supplying companies, describing the move as unjustified and disastrous for an already struggling manufacturing base. Industrial associations questioned w

80% of Pakistan lacks safe drinking water, ADB warns

Pakistan's lifeline – the Indus Basin Water System – is facing mounting threats from upstream water controls and deep-rooted infrastructure challenges, while over 80% of the population lacks access to safe drinking water, leading to widespread waterborne diseases, according to a new report by the Asian Development Bank (ADB). The Asian Water Development Outlook report says Pakistan remains a se

80% of Pakistan lacks safe drinking water, ADB warns

Pakistan's lifeline – the Indus Basin Water System – is facing mounting threats from upstream water controls and deep-rooted infrastructure challenges, while over 80% of the population lacks access to safe drinking water, leading to widespread waterborne diseases, according to a new report by the Asian Development Bank (ADB). The Asian Water Development Outlook report says Pakistan remains a se

Gold surges tracking global market gains

Gold prices in Pakistan increased on Monday, mirroring gains in the international market as investors awaited the US Federal Reserve's policy meeting. Expectations of an interest rate cut kept the dollar subdued, helping drive bullion demand. Domestically, gold per tola rose by Rs1,600 to Rs443,762, while the 10-gram rate reached Rs380,454, up Rs1,372, according to the All Pakistan Sarafa Gems and