Oil prices eased on Thursday, retreating from the previous session’s seven-week high, as new US economic data tempered optimism around further interest rate cuts. Brent futures were down 25 cents, or 0.36pc, at $69.06 a barrel by 12:24pm EDT (1624 GMT). US West Texas Intermediate futures lost 33 cents, or 0.51pc, to $64.66. Both benchmarks gained 2.5pc on Wednesday to reach their highest sin
The recent rains and floods caused massive loss to the infrastructure of the Lahore Electric Supply Company (Lesco). Since the assessment of damages calculated by the company amounts to Rs237.38 million, the efforts to repair and replace the affected material have been accelerated, according to Lesco’s Chief Executive Officer Muhammad Ramzan Butt. The Lesco’s Kasur circle topped in suffering
A leading cyber security company has cautioned that small and mid-sized businesses in Pakistan are facing sophisticated cyber threats and attacks, which requires immediate protection. According to a report of company issued on Thursday, as cyber threats grow increasingly complex and costly, mid-sized businesses find themselves facing sophisticated attacks that exploit legitimate tools and use a
Pakistan need modern ports to handle larger vessels, including mother ships, and to manage higher volumes of containerized and break bulk cargo said Ateeq Ur Rehman economic & financial analyst. It is extremely appreciated that CM Sindh Murad Ali Shah talked about easing congestion at Karachi Port, proposing and revisiting plans to expand or diversify port Infrastructure beyond Karachi or explo
The Finance Ministry termed the Rs. 1,225 billion power sector circular debt resolution a decisive step towards fiscal discipline, investors’ confidence through collective effort to address one of the most chronic challenges of Pakistan’s energy sector. The ministry issued an official statement on Thursday, welcoming the successful resolution of Rs. 1,225 billion power sector circular debt, ach