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Pakistan Hit by Staggering 850% Gas Price Hike Amid Soaring Inflation
The Pakistan Bureau of Statistics (PBS) reported an extraordinary 850% surge in gas prices over the past four months. During a session of the National Assembly chaired by Deputy Speaker Ghulam Mustafa Shah, detailed data on the rising costs of essential commodities were presented. The PBS highlighted that sugar prices had increased by 53.5 per cent, while palm oil prices rose by 61 per cent over the past five years. Additionally, soybean oil, wheat, and crude oil experienced a 35 per cent price hike during the same period. The PBS attributed the overall inflation to the rising c..
Iranian Oil Minister Appointed as OPEC President
Iranian Oil Minister Mohsen Paknejad has been chosen as the rotating president of the Organization of the Petroleum Exporting Countries (OPEC) for 2025. OPEC announced the election of its upcoming president in a press release on its website and expressed gratitude to Marcel Abeke, Gabon's minister of petroleum, for his leadership as the organisation's president in 2024. This announcement was reported by Xinhua news agency, citing Iran's official news agency, IRNA. IRNA reported that Paknejad expressed his dedication to leveraging all his capabilities to ensure the organisation's cons..
Tata Hitachi Unveils Advanced Machines at BAUMA 2025
Tata Hitachi, a pioneer in India's construction equipment industry, proudly inaugurated its pavilion at BAUMA Conexpo 2024 with an impactful showcase, including indigenously developed 20-ton electric excavator concept – the EX 210LC Electric. This state-of-the-art electric machine addresses the evolving needs of infrastructure development while maintaining a steadfast focus on significantly lower operations & maintanance costs and environment. It also reinforces a strong commitment to sustainability and environmental stewardship.This revolutionary step highlights Tata Hitachi’s unwaver..
