Category: Business

Oil

Oil Prices Slip as Strait of Hormuz Supplies Ease Global Market Fears

Improved crude exports through key shipping routes eased immediate supply concerns, though geopolitical tensions and higher transport costs continued to support the global oil market. Global oil prices moved lower on Friday as stronger crude shipments through the Strait of Hormuz eased fears of supply disruptions, offsetting concerns stemming from continued geopolitical tensions in the […]
Oil

PM Shehbaz Orders Expansion of Strategic Oil Reserves to Boost Pakistan’s Energy Security

Government approves amendments to the Pakistan Oil Refining Policy 2023, expands strategic petroleum reserves, and seeks foreign investment to strengthen long-term energy security. ISLAMABAD: Prime Minister Shehbaz Sharif has directed authorities to expand Pakistan’s strategic petroleum reserves while approving key amendments to the Pakistan Oil Refining Policy 2023, marking a significant step toward strengthening the […]
Pakistani exporters express concern over UAE visa restrictions ahead of Gulfood exhibition in Dubai.

UAE Visa Uncertainty Raises Alarm as Pakistan Fears Gulfood Setback

Pakistani exporters and business leaders say ongoing UAE visa difficulties are disrupting trade, business travel, and preparations for Gulfood, one of the world’s largest food and beverage exhibitions. ISLAMABAD: Growing concerns over reported UAE visa difficulties are creating fresh uncertainty for Pakistan’s business community, with exporters warning that the issue could undermine trade opportunities and […]
Prime Minister Shehbaz Sharif meets Makkah Joint Defence Agreement Secretary General Lt. Gen. (retd.) Nauman Mahmood in Islamabad on Oct. 14, 2026.

PM Shehbaz to Make Crucial Decision on Refinery Policy as Billions in Investments Hang in the Balance

The Cabinet Committee on Energy is set to review proposed amendments to Pakistan’s Brownfield Refinery Policy, with investors awaiting clarity on incentives tied to multibillion-dollar refinery upgrades. Prime Minister Shehbaz Sharif is expected to take a key decision on Pakistan’s refinery sector as the Cabinet Committee on Energy (CCoE) reviews proposed amendments to the Brownfield […]
Pakistan petrol and diesel prices revised as OGRA announces new fuel rates

Petrol, Diesel Prices Jump Again as Government Announces Midnight Hike

Pakistan’s federal government has increased petrol and high-speed diesel prices under its fortnightly fuel price review, with revised rates taking effect from midnight. ISLAMABAD: Pakistan’s federal government has announced a fresh increase in the prices of petrol and high-speed diesel, adding to transportation and fuel costs for consumers nationwide. The revised prices came into effect […]
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