The meeting concluded with a mutual resolve to continue close collaboration between the Ministry of Petroleum and OGDC to overcome challenges and capitalise on opportunities within the energy sector. PHOTO: FILE ISLAMABAD: Pakistan’s petroleum regulator has directed an oil and gas exploration company to clarify what it says is the misuse of confidential documents amid…
Delegation briefs Kamal on Capitol Hill meetings, US interest in steel, pharma, tech sectors ISLAMABAD: Rawalpindi Chamber of Commerce and Industry (RCCI) President Usman Shaukat and Senior Vice President Khalid Farooq Kazi called on Federal Minister for Commerce Jam Kamal Khan to brief him on their recent visit to the United States, according to a…
Discount rollback, advance buying in Dec 2025 triggered 24-quarter low of 1.04m tonnes KARACHI: Pakistan’s urea sales dropped sharply to a six-year low in the first quarter of calendar year 2026 (1QCY26), reflecting a significant slowdown after aggressive discount-led buying in the previous quarter, analysts and industry data show. “Urea sales have dropped to a…
State minister says changes will be in line with global trends, levies being rationalised Kerosene oil. KARACHI: Minister of State for Finance Bilal Azhar Kayani has said that petroleum prices are being reviewed on a regular basis, with any adjustments being aligned with global market trends. He noted that petroleum levies were being rationalised and…
Pakistan repaid $2bn UAE debt via Saudi loan, totalling $2.5bn returned to Abu Dhabi this week The finance ministry officials said that Pakistan would pay the remaining $1 billion UAE debt on coming Thursday. PHOTO: PIXABAY ISLAMABAD: Pakistan on Saturday repaid a $2 billion debt to the United Arab Emirates after seven years, further reducing its dependence on…
Finance minister engages lenders, investors in Washington, outlining fiscal targets and economic priorities Minister for Finance and Revenue Senator Muhammad Aurangzeb shakes hands withDeputy Secretary at the United States Department of the Treasury Francis Brooke, on the sidelines of the World Bank–IMF Spring Meetings in Washington, DC. Photo: X Finance Minister Muhammad Aurangzeb held a…
KARACHI: Gold and silver prices recorded another increase on Saturday in both international and local markets after declining on Friday, following a three-day upward trend in global and domestic markets. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), in the international bullion market, the price of gold rose by $45 per ounce…
Global prices rise on weaker dollar, easing geopolitical risks amid potential Iran deal KARACHI: Gold prices in Pakistan fell on Friday, tracking a divergence from the international market where bullion extended gains on the back of a weaker dollar and easing geopolitical risks after signals of a potential Iran deal. In the local market, the…
A worker walks past inside the Asian Development Bank (ADB) headquarters in Manila. Photo: Reuters/ File ISLAMABAD: Pakistan on Friday raised a $500 million debt at 7% interest rate by floating Eurobonds and has separately requested the Bank of China to give an extension in submitting an application for its permission to float $250 million…
Kerosene oil. SINGAPORE/ ISLAMABAD: Pakistani-flagged tanker Shalamar has exited the Gulf via the Strait of Hormuz carrying crude loaded from the United Arab Emirates, shipping data from Kpler and LSEG showed. The Aframax tanker exited the waterway on Thursday laden with about 440,000 barrels of Abu Dhabi’s Das Blend crude loaded earlier this week, Kpler…