An oil refinery in the Siberian city of Omsk, Russia. — Reuters/File Refiners will source more oil from the Middle East, Africa and the Americas. Crude prices and transportation costs will increase due to the change in supply. China’s independent refiners will cut production if ESPO’s supply hits. Chinese and Indian refiners will source more … Read more
A view of a textile factory in Pakistan. — Reuters/File Data shows that textile exports fell 3% to $1.27 billion in July 2024. Exports rise 13% to $1.64 billion in August FY25, the data showed. Textile exports recorded a reasonable increase of 18% to $1.61 billion in September. ISLAMABAD: A 10 percent increase in textile … Read more
A representative image of containers stored at a facility. — AFP/file KARACHI: Pakistan’s exports to the European Union (EU) increased by 14 per cent to $4.8 billion in the first five months of the current fiscal year, compared to $4.2 billion in the same period last year, official trade data showed. In November alone, exports … Read more