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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
KOHAT: The Oil and Gas Development Company Limited announced on Friday the successful appraisal of gas and condensate from the...
Karachi Port witnesses 1,400pc increase in cargo activity
KARACHI: Transshipment at Karachi Port over the past 24 days alone has matched the total volume handled throughout the entire...
Three more ships carrying LPG, petrol dock at Karachi
KARACHI: The government has stepped up efforts to tackle the energy situation, with multiple shipments of LPG and petrol arriving...
