China continues to source nearly 51 percent of its global copper imports from international markets, including Pakistan. Recognizing the increasing potential of this sector in 2025, Nazir Hussain, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), emphasized the importance of integrating modern technology and advanced mining practices to further accelerate copper trade with
Sugar mills in Punjab have so far produced slightly over 0.43 million tonnes of sugar during the ongoing crushing season, supported by uninterrupted operations across the province, according to Cane Commissioner Punjab Amjad Hafeez. He stated that mills have completed crushing of 5.41 million tonnes of sugarcane to date, while total sugar stocks in Punjab have reached 0.54 million tonnes as of
The profitability of the Sui Northern Gas Pipelines Limited (SNGPL) declined to Rs14.6 billion (EPS: Rs23.01) in fiscal year 2025 from Rs19 billion (EPS: Rs29.92) in fiscal year 2024, mainly due to a reduction in the Return on Assets (ROA) as the regulated return fell from 26.22 percent to 21.25 percent following a decline in the interest rate. According to Topline Securities, SNGPL conducted a
The Oil and Gas Development Company Limited (OGDCL) on Wednesday announced a major oil and gas discovery at its exploratory well Baragzai X-01 (Slant) in Nashpa Block, in Khyber Pakhtunkhwa’s Kohat district. The well is currently producing 2,280 Barrels per Day (BPD) of oil and 5.6 Million Standard Cubic Feet per Day (MMSCFD) of gas, through choke size 32/64” at wellhead flowing pressure (WHFP)
Oil rose for a second straight session on Thursday after the U.S. seized a sanctioned oil tanker off Venezuela’s coast, escalating tensions between the two countries and raising concern over further supply disruptions. Brent crude futures rose 27 cents, or 0.4%, to $62.48 a barrel by 0101 GMT, and U.S. West Texas Intermediate crude was at $58.79 a barrel, up 33 cents, or 0.6%. WTI crude oil