Gadani Customs to auction passenger buses, goods vehicles on April 6

KARACHI: A vessel carrying a major fuel consignment for Pakistan State Oil (PSO) has arrived in Karachi, bringing relief amid...

Business leaders question fuel price hike despite steady oil supply in Pakistan

LAHORE: Chairman of the United Business Group, SM Tanveer, has raised concerns over the recent increase in fuel prices, stating...

Pakistan’s petroleum stocks adequate for next two months: Khurram Schehzad

ISLAMABAD: Advisor to the Finance Minister Khurram Schehzad stated that Pakistan previously had a 24-day stock of petroleum products, which...

Pakistan, Kuwait discuss bilateral relations, energy cooperation, regional developments

ISLAMABAD: Federal Minister for Petroleum, Ali Pervaiz Malik, held a meeting on Monday with Nassar Abdulrahman Jasser Almutairi, Ambassador of...

FBR flags ‘negligent’ handling of foreign petroleum firm case by CTO Islamabad

ISLAMABAD: The Federal Board of Revenue has raised concerns over the handling of a complaint involving a foreign petroleum company...

Punjab vehicle re-registration scheme fails to gain traction

LAHORE: A revenue-focused initiative by the Punjab government to re-register vehicles from other provinces has failed to generate any response...

Pakistan seeks repatriation of $20b held in offshore assets amid global tensions

ISLAMABAD: Pakistan is weighing possible avenues to repatriate around $20 billion held overseas by its expatriate citizens, as escalating geopolitical...

SMEDA pledges stronger partnerships to boost SME credit access nationwide

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has committed to enhancing collaboration with provincial governments, the Pakistan Banks...

Weekly inflation jumps 0.97pc as vegetable and LPG prices drive cost surge

ISLAMABAD: Short-term inflation measured by the Sensitive Price Index (SPI) accelerated by 0.97 percent for the week ending March 26,...

SECP licenses Pakistan’s first govt owned Provincial Life Insurance Company

LAHORE: The Securities and Exchange Commission of Pakistan (SECP) has granted a license to M/s Punjab Life Insurance Company Limited...

Iran clears two Pakistan-bound oil vessels through Strait of Hormuz amid tensions

KARACHI: Iran has granted special permission to two Pakistan-linked vessels to transit the strategic Strait of Hormuz, allowing them to...

Pakistan eases export conditions for trade with Iran

KARACHI: Pakistan has granted a temporary exemption for exporters from the requirement of bank guarantees and letters of credit (LCs)...

IMF, Pakistan reach staff-level agreement over $1.2b loans

ISLAMABAD: The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement on the third review under Pakistan’s Extended...

Govt plans targeted fuel subsidy via tech-based system amid fiscal constraints

ISLAMABAD: The government has moved to introduce a targeted subsidy on petroleum products through a technology-driven mechanism, as it operates...

Pakistan expands Roshan Digital Account to foreign investors

KARACHI: On the directives of Prime Minister Shehbaz Sharif, the government has decided to expand the scope of the Roshan...

Pakistan’s ports set new benchmarks in transshipment

KARACHI: Federal Minister for Maritime Affairs, Junaid Anwar Chaudhry Friday hailed the government’s forward-looking strategy and the exceptional performance of...

Pakistan, Tajikistan negotiates to address progress on proposed bilateral, PTA

ISLAMABAD: Pakistan and Tajikistan have negotiated to address the progress on proposed Preferential Trade Agreement (PTA) in third meeting of...

IMF staff-level agreement signals confidence in Pakistan’s reform momentum: Khurram Schehzad

ISLAMABAD, Mar 28 (APP): The staff-level agreement with International Monetary Fund (IMF) reflects recognition of Pakistan’s reform efforts and improving...

OGDCL appraises gas and condensate in bilitang-1-ST-1 well, Kohat