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Oil Prices Jump 3% as Hormuz Shipments Are Disrupted

Oil prices were pushed nearly 3% higher on Monday as escalating US-Iran tensions disrupted shipments through the Strait of Hormuz. Brent crude was lifted by $2.77, or 3.14%, to $90.87 per barrel, its highest level since June 11. WTI crude was increased by $2.35, or 2.85%, to $84.84, the strongest level since June 12. Brent and WTI were also driven sharply higher last week, when gains of 15.9% and 15.5% were recorded respectively.

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Local Affairs

Sindh Secures 14 Indonesia Trade Agreements

A Sindh business delegation secured 14 cooperation agreements with Indonesian partners, carrying a combined projected value of USD 9.4 million. The agreements were among the key outcomes of the delegation’s participation in Trade Expo Indonesia 2026 and related business engagements. Facilitated by the Consulate General of Indonesia in Karachi, the trade mission supported around 22 companies from Sindh and enabled more than 200 scheduled meetings with Indonesian companies, exporters and business institutions. The Consulate also organised the Indonesia–Pakistan Business Matching and Partnership Forum at the Pranaya Boutique to strengthen commercial ties and explore new opportunities.

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Sindh Seeks Fresh Chinese Investment

Sindh Chief Minister Syed Murad Ali Shah has invited Chinese and other international investors to explore investment opportunities in the province, highlighting its strategic location, extensive sea and air connectivity, competitive labour costs and skilled workforce. Addressing the second Sindh Investment Conference in Shanghai, held after a gap of 12 years, Mr Shah expressed confidence that the event would usher in a new era of Chinese investment, job creation and industrial modernisation in Sindh. The chief minister presented the Dhabeji Special Economic Zone (SEZ) as a flagship investment opportunity for Chinese and other international businesses seeking a cost-effective base for manufacturing and export-oriented operations. He highlighted Sindh’s 350-kilometre coastline, access to major international trade routes and proximity to key markets in Central Asia, the Middle East and Africa. According to Mr Shah, these advantages position the province as an attractive destination for investors looking to expand their manufacturing and export activities. Mr Shah also announced that Sindh government entities and Chinese enterprises had signed 34 memoranda of understanding (MoUs). In addition, numerous agreements were signed between private-sector business entities from both sides, reflecting growing interest in strengthening economic and commercial cooperation. The conference is expected to provide a platform for expanding bilateral business ties, attracting foreign investment and creating employment opportunities while supporting Sindh’s industrial development. With its strategic geographical position, established connectivity and investment opportunities at Dhabeji, Sindh is seeking to strengthen its role as a regional hub for manufacturing, trade and exports.

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PPMC Seeks NEPRA Registration to Expand

The Power Planning and Monitoring Company, the federal government’s policy, strategic and technical arm in the power sector, has applied to the National Electric Power Regulatory Authority for registration as an electric power services provider. The application seeks formal recognition of PPMC’s expanding role in electricity planning, sector monitoring, tariff analysis and power-sector reforms. Under the proposed framework, the company would develop and maintain common distribution-network standards, inspect materials and equipment, and promote consistent implementation through technical reviews and training.

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