The sun sets behind oil pumps outside Vaudoy-en-Brie, near Paris, France, March 18, 2026—REUTERS Oil prices rose on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the United States ruling out extension of a ceasefire deal, heightening worries about…
Import payments to America rise by $914m to $3.27b, Cnergyico leads with 80% purchases KARACHI: Pakistan’s largest refiner, Cnergyico, is buying more US crude as Islamabad seeks to diversify the country’s energy supplies after disruption caused by the Iran war exposed its dependence on Gulf routes. Pakistan also wants to increase imports from the US…
As the city runs on fumes, motorcyclists line up at a petrol pump in Karachi, waiting their turn amid surge in fuel prices. Photo: Jalal Qureshi / Express The federal government on Monday increased the price of petrol and high-speed diesel (HSD) by Rs5.77 and Rs6.47, respectively, for August 18. A notification from the Petroleum…
Cnergyico is also considering spot purchases against longer-term contracts with Vitol and other suppliers Cnergyico Pk Limited refinery plant and crude oil storage tanks at the Hub coast in Balochistan province, Pakistan March 18, 2026. — REUTERS Pakistan’s largest refiner, Cnergyico, was buying more US crude as the federal government seeks to diversify the country’s…
Four practical steps that can make daily life more livable without waiting for perfect growth numbers KARACHI: As Pakistan marks its 79th Independence Day, it is worth pausing to recall that the country was born of a civilian movement. Our forefathers secured a homeland through political struggle, not conquest. The real question is whether we…
State must first build constitutional, legal & regulatory foundations for crypto initiatives & partnerships LAHORE: Pakistan’s renewed embrace of cryptocurrency is being presented as technological progress. Official statements describe blockchain, tokenisation and virtual assets as instruments capable of attracting investment, modernising financial services and positioning Pakistan within the emerging digital economy. Few would dispute that…
Energy-rich districts remain among least developed despite decades of gas production ISLAMABAD: Till 1982, Balochistan was fulfilling 82% of Pakistan’s natural gas needs, and that too from the district of Dera Bugti alone, which is host to the gas fields of Sui, Loti, Pirkoh, Uch and Zin. Even by 1995, this contribution stood at 55%,…
Malnutrition, not inflation or debt, poses greatest long-term threat to economic growth On the occasion, Micronutrient Initiative Pakistan Director Dr Naseer Nizamani said the situation of malnutrition in Pakistan, particularly K-P, was alarming. PHOTO: FILE KARACHI: Pakistan’s economic debate rarely strays far from familiar territory. Inflation, public debt, exports, taxation and the energy crisis dominate…
Spanish Ambassador Carlos Aragon Gil de la Serna visited the Rawalpindi Chamber of Commerce & Industry (RCCI) RAWALPINDI: Spanish Ambassador Carlos Aragon Gil de la Serna visited the Rawalpindi Chamber of Commerce & Industry (RCCI), where he held a meeting with RCCI President Usman Shaukat to discuss opportunities for strengthening bilateral trade, investment, economic cooperation…
ISLAMABAD: Pak Datacom (PDL) has shifted its satellite-based connectivity to Yahsat, a UAE-based satellite operator, for a major bank and some other institutions, which could pose security challenges to the country. In a letter addressed to the secretary, IT and telecom ministry, former chief executive officer (CEO) of PDL Brig (Retired) Syed Zulfiqar Ali said…