BRACE report lists factors leading to greater poverty ISLAMABAD: Rising inflation, particularly food inflation (highest in the history of Pakistan), increase in... Updated 11 Aug, 2023 09:29am
Print FY23: POL products worth $1.182bn imported by Pakistan on deferred payment basis ISLAMABAD: Pakistan imported petroleum products worth $ 1.182 billion on a deferred payment basis under the Saudi... Updated 25 Jul, 2023 12:19pm
Markets Petroleum dealers defer strike as ‘understanding’ reached with govt PPDA had earlier called for a strike starting Saturday, arguing that the government needed to revise the margins available to dealers per litre sale of fuel Published 21 Jul, 2023 09:26pm
Pakistan Ishaq Dar notifies Rs9 per litre reduction in petrol price Petrol to be priced at Rs253, diesel's rate sees cut of Rs7 to stand at Rs253.5 per litre Published 15 Jul, 2023 10:43pm
Markets FY23 petroleum products’ sales slump 27pc YoY KARACHI: The sales of petroleum products in Pakistan declined by 27 percent on year-on-year basis to 16.6 million... Published 05 Jul, 2023 06:00am
Print Construction of bonded warehouses: Policy introduced to facilitate foreign oil firms LAHORE: Minister of State for Petroleum Dr Musadik Malik said on Wednesday that government had introduced a new... Updated 29 Jun, 2023 03:21pm
Business & Finance Bonded Bulk Storage Policy will end fuel hoarding, reduce pressure on rupee: Musadik Malik Minister says second Russian oil shipment has reached Pakistan Updated 28 Jun, 2023 08:16pm
Opinion Managing energy imports to save forex reserves Pakistan relies on imports for 49 percent of its primary energy supplies, which strains its already limited foreign... Updated 22 Jun, 2023 06:12am
Business & Finance Jul-May period: Petroleum group imports decline 21.84pc to $15.382bn YoY ISLAMABAD: Petroleum group imports witnessed a negative growth of 21.84 percent during the first 11 months ... Published 17 Jun, 2023 06:13am
Business & Finance Jul-Apr LSMI output down 9.39pc YoY ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) output has declined by 9.39 percent during July-April... Published 16 Jun, 2023 06:27am
Business & Finance Petrol, diesel prices to remain unchanged: Ishaq Dar Prices of petrol and high-speed diesel are Rs262 and Rs253 per litre Updated 15 Jun, 2023 10:13pm
Print Petrol price likely to decline ISLAMABAD: The price of motor spirit (MS) is likely to decline by Rs1.90 per litre but the high-speed diesel (HSD)... Updated 15 Jun, 2023 09:01am
Print Oil import thru bonded storage facilities: PD asked to consult stakeholders on guidelines ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Petroleum Division (PD) to consult... Updated 14 Jun, 2023 09:08am
Print Amendment to Ordinance sought: MoF for transfer of petroleum levy fixation power to Cabinet ISLAMABAD: The Ministry of Finance has proposed an amendment to the Petroleum Products (Petroleum Levy) Ordinance,... Updated 14 Jun, 2023 08:59am
Print FBR expresses reservations at PD’s policy guideline ISLAMABAD: The Federal Board of Revenue (FBR) has reportedly expressed reservations at Petroleum Division’s policy... Updated 07 Jun, 2023 08:55am
BR Research Petroleum imports slide Consumption of petroleum products in the country has been on a downward trajectory. Weak economic activity amid... Published 26 May, 2023 08:54am
Markets Ogra carries out inspection in Punjab LAHORE: The Oil & Gas Regulatory Authority (OGRA) in collaboration with Hydrocarbon Institute of Pakistan (HIP),... Published 26 May, 2023 06:48am
Markets Component-wise breakdown of petrol price in Pakistan Decrease in rate due to decline in ex-refinery price Published 16 May, 2023 07:16pm
Print Jul-Mar LSMI output declines 8.11pc YoY ISLAMABAD: The Large Scale Manufacturing Industry (LSMI) output has declined by 8.11 percent during July-March... Updated 16 May, 2023 09:25am
Markets Newly-launched night navigation increases FOTCO’s terminal capacity by 30pc Port Qasim, FOTCO successfully dock first-ever oil vessel at night Updated 12 May, 2023 11:26am
Business & Finance Jul-Mar POL group imports witness negative growth of 11.66pc YoY ISLAMABAD: Petroleum group imports witnessed a negative growth of 11.66 per cent during the first nine months... Published 19 Apr, 2023 06:36am
Print Jul-Feb LSMI output declines 5.56pc YoY ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) output has declined by 5.56 per cent during the first... Updated 18 Apr, 2023 09:25am
Markets Eid holidays: OMAP says will ensure uninterrupted supply of POL products LAHORE: Oil Marketing Association of Pakistan (OMAP) on Thursday announced special arrangements for the regular and... Published 14 Apr, 2023 05:59am
Print Ogra discusses exchange rate adjustment mechanism with OMCs ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) convened a meeting with the oil marketing companies (OMCs) on... Published 25 Mar, 2023 06:25am
Business & Finance First 8 months of year 2022-23: Petroleum group imports show negative growth of 8.28pc ISLAMABAD: Petroleum group imports witnessed a negative growth of 8.28 percent during the first eight months... Published 18 Mar, 2023 06:14am
Business & Finance Ogra convenes meeting on exchange rate mechanism ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has convened a meeting to brief and align all the ... Published 18 Mar, 2023 06:14am
Print Fuel prices increased ISLAMABAD: The federal government Thursday allowed a substantial raise in the prices of petroleum products, ie, up ... Updated 16 Mar, 2023 09:59am
Print Jul-Jan LSMI output falls 4.40pc YoY The LSMI output decreases by 7.9 percent for January 2023 when compared with January 2022 Updated 15 Mar, 2023 06:16pm
Print ECC extends sugar export time period to 60 days ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed an extension in sugar export time... Updated 15 Mar, 2023 08:51am
Business & Finance Two fertiliser plants, domestic sector: PSO needs Rs39bn for payment obligations and sustaining LNG supply chain ISLAMABAD: Petroleum Division has sought Rs 39 billion against supply of RLNG to two fertilizer plants and domestic... Published 08 Mar, 2023 06:55am
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’