Day: July 5, 2022

International oil prices plummeted by almost $10 a barrel on Tuesday as investors grew more conscious about the looming global recession.

Global benchmark Brent crude was down 8.85 percent, at $103.5 a barrel by 4:14 pm GMT. U.S. West Texas Intermediate (WTI) crude fell 8.7 percent, to $99.66 a barrel from Friday’s close, dropping below $100 a barrel for the first time since May 11.

Despite lingering supply concerns, oil futures plunged over fears of an economic slowdown with central banks across the globe taking aggressive measures to limit rising inflation.

Citigroup Inc. also warned that crude oil could sink to $65 a barrel by the end of this year and slump further to $45 by end of next year if recession cripples growth. However, the outlook is based on an absence of any intervention by OPEC+ producers

On the other hand, analysts at JPMorgan Chase & Co. have predicted that oil could climb to $380 a barrel if Russia resorts to retaliatory output cuts to counter the US and European penalties.

In Pakistan prices of petroleum products are at an all-time high. The country’s petroleum imports witnessed a 99.14 percent growth as they reached $19.679 billion in July-May 2021-22. A sustained slump in international oil prices could provide the country with some much-needed breathing space.

Source: Pro Pakistan

Higher Education Commission (HEC), has announced the date for Law Admission Test (LAT), which has been scheduled for 7 August 2022, tentatively, while the last date for online registration has been set for 22 July 2022.

Eligibility Criteria

Students who have passed Higher Secondary School Certificate (HSSC) can apply for LAT, while students who are awaiting the result of HSSC are also eligible to apply.

Examination Dates

The test would be held on 7 August 2022 and HEC would communicate the changes regarding their date through their official websites, hec.gov.pk and etc.hec.gov.pk

Applicants who apply for the test would be able to download the roll number slip from etc.hec.gov.pk, stated the HEC.

Test date, time, and venue would be communicated to the applicant via e-mail and SMS. It is to be noted that a printout of the roll number slip, and original CNIC is mandatory to enter the test venue.

Test Centers

The examination would be conducted in all major cities throughout Pakistan, which can be selected by the applicants during registration.

Registration Procedure

HEC has suggested visiting Education Testing Council link for online registration. However, In case of any difficulty during the online registration, HEC has asked to browse onlinehelp.hec.gov.pk, visit HEC Secretariat, or contact HEC regional offices for guidance.

Application submission is a two-step process:

1. Profile completion using the “My Profile” section.

2. Application submission using the “Law Admission Test” link on the menu panel on the left side of the portal.

Only successfully submitted applications would be considered for LAT and applications in ‘save’ or ‘incomplete’ mode will not be entertained by HEC.

Source: Pro Pakistan