Global oil markets are on edge as Brent Crude surged above $115 per barrel, driven by escalating tensions in the Middle East. The spike follows intensifying conflict involving Iran, Israel, and regional actors, raising serious concerns about prolonged supply disruptions. The situation worsened after Iran rejected a US-backed peace proposal, signaling a widening diplomatic rift. […]
South Asian countries, including Pakistan and India, are facing the threat of a severe gas and power crisis following air strikes by Iran on Qatar’s Ras Laffan Industrial City, the world’s largest liquefied natural gas export hub. The facility is a key supplier of LNG to the region, including nearly all of Pakistan’s imports. Pakistan […]
Escalating tensions in the Middle East could trigger serious economic challenges for Pakistan, particularly if the conflict disrupts global oil supply routes. A recent report by the Pakistan Institute of Development Economics warns that a full-scale regional crisis could drive international oil prices sharply higher and significantly impact Pakistan’s economy. The report highlights a worst-case […]
The federal government has stepped up oversight of petroleum reserves to ensure uninterrupted fuel availability across Pakistan, as regional developments continue to impact global energy markets. Authorities say the move is aimed at preventing any potential supply disruptions and maintaining price stability for consumers. A key meeting of the committee formed by Prime Minister Shehbaz […]
Pakistan’s gas sector circular debt has surged to an alarming Rs. 3.283 trillion, prompting urgent warnings from lawmakers about the risk of a systemic collapse. The issue was discussed in detail during a meeting of the National Assembly Standing Committee on Petroleum. Officials highlighted growing financial stress across the gas supply chain, citing mounting losses, […]
