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Solar Overtakes Nuclear as Pakistan’s Top Electricity Source in 2025
Pakistan’s solar power generation surged far ahead of nuclear energy to become the country’s largest source of electricity in 2025,
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Pakistan and world business news from seven outlets, one story per event. Updated just now.
Indian rupee set for mild relief from dip in oil, fading Fed October hike bets
MUMBAI: The Indian rupee is expected to see some respite on Monday , with softer oil prices and further paring of bets on an October Federal Reserve rate hike easing pressure on the currency.
Business RecorderIndian shares poised to rebound as Fed-hike fears, oil prices ease
Indian shares were set to open higher on Monday after posting their longest weekly losing streak in 25 years, supported by easing concerns over aggressive US monetary tightening and a pullback in…
Business RecorderGold gains as October Fed rate hike prospects fade
Gold prices drifted higher on Monday after recent soft economic data sharply lowered expectations of a Federal Reserve rate hike in October, increasing the appeal of the non-yielding asset.
Business Recorder
Middle East crude oil exports exceed pre-war levels but tanker attacks increase
SINGAPORE: Crude oil exports from the Middle East rose above pre-war levels in four of the seven days of the final week of September, shipping data showed on Monday, despite attacks on vessels…
Business RecorderGovt says fully focussed on energy supplies
LAHORE: Federal Minister for Petroleum Ali Pervez Malik on Sunday said that a summary had also been submitted to the federal cabinet to facilitate the import of LPG from abroad so that consumers…
Business RecorderIranian minister quits, replaced by oil executive
TEHRAN: Iran’s oil minister Mohsen Paknejad has resigned and been replaced by the country’s top oil executive, the president’s office said in a statement on Sunday, amid a blockade on Tehran’s oil…
Business RecorderWheat, sugarcane: KBP demands announcement of support prices
LAHORE: The Kissan Board Pakistan (KBP) has demanded immediate announcement of support prices of Rs 5,000 per 40kg for wheat and Rs 700 per 40kg for sugarcane, warning that farmers would launch…
Business Recorder
Petrol Relief Unaffordable: Petroleum Minister
Federal Petroleum Minister Ali Pervez Malik on Sunday said the federal government cannot continue providing unconditional subsidies on expensive petrol
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