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...
Federal Planning and Development Minister Ahsan Iqbal emphasized Pakistan’s vast potential to generate 300,000 megawatts of renewable energy from wind and solar power. “However, mobilizing both private and public finance is essential to realizing this potential,” he stated during the second day of the Asia Energy Transition Summit 2024,...
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...
There has been much debate about Pakistan’s oil reserves following yesterday’s announcement by U.S. President Donald Trump that a deal has been agreed upon with Pakistan to develop its oil resources.
“Pakistan and the United States will work together on developing their massive oil reserves,” the U.S. President said.
The Truth...
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...
Dr. Rüdiger Lotz, the German Consul General, recently visited Thar Coal Block II in Pakistan’s Tharparkar district to observe the operations of the Sindh Engro Coal Mining Company (SECMC), the 660 MW Engro Powergen Thar Limited (EPTL) power plant, and the community development programs led by the Thar Foundation,...
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 price of petrol has been reduced by Rs7.54, while diesel has become costlier by Rs1.48 per litre for the next two weeks till August 15.
According to an announcement by the Ministry of Finance on Thursday, the prices have been revised after reviewing the prevailing international market trends and...
