PAKISTAN and the US unveiled a trade-and-investment accord on Thursday that links lower US tariffs on Pakistani exports to large-scale American participation in the country’s oil and gas reserves, which can potentially be Pakistan’s untapped shale and tight-gas frontier.
Although there is no clarity regarding the scope of investment, there...
A substantial decrease in the prices of petroleum products is anticipated for the fortnight commencing August 16, 2025, as per a forecast by Optimus Capital Management, citing data from the Oil and Gas Regulatory Authority (OGRA).
According to the data, High-Speed Diesel (HSD) prices are expected to see a significant...
The government is fine tuning its recommendations on structural reforms in petroleum sector aimed at pulling it out of financial distress through several measures including renegotiation of LNG contracts, settlement of massive gas sector circular debt, reduction in exorbitant port charges, consumption of surplus RLNG and improvement in domestic...
The government on Tuesday increased the prices of petrol and high-speed diesel (HSD) by Rs5.36 and Rs11.37 per litre, respectively, for the current fortnight (ending July 31), attributing the hike to higher international prices and import premiums.
In a late-night announcement, the Ministry of Finance said the Oil and Gas...
Petrol and diesel prices are expected to rise by up to Rs6.60 per litre (2.5%) for the next fortnight starting July 16, 2025, according to estimates by the petroleum industry.
The projected hike includes a Rs6.60 per litre increase in petrol prices and a Rs5.27 per litre (1.9%) rise in...
Fatima Fertilizer Company Limited (FFCL) has decided to acquire 100% ownership of Fatima Petroleum Company Limited (FPCL) — a company that is not listed on the stock exchange.
The acquisition will be done at face value, meaning FFCL will pay the original nominal value of the shares, not a market-driven or...
The World Bank is likely to provide technical assistance for developing an integrated infrastructure roadmap and socio-economic development plan for Reko Diq and other mining sites in Balochistan.
They said that a World Bank representative has consented to technical assistance plan in a recent meeting of the Non-Lending Technical Assistance...
Pakistan’s trade deficit with the Middle East widened by 7.37 per cent to $13.974 billion in FY25 from $13.014bn a year ago, primarily due to a sharp increase in petroleum imports.
According to data compiled by the State Bank of Pakistan, the growing deficit reflects the country’s heavy reliance on...
