The Governor of the State Bank of Pakistan (SBP), Jameel Ahmad. – x / @ statebank_pak The Governor of the SBP awaits a global positive impact despite the American prices. Said that the impact of American prices is “content” on the economy of Pakistan. Reserves are expected to reach $ 14 billion by June, said … Read more
The OPEC logo is seen in this illustration taken on October 8, 2023. – Reuters The organization of oil exporting countries (OPEC) slightly reduced its oil demand growth forecasts on Monday, citing the impact of American tariffs on the global economy. The oil cartel led by Saudi Arabia said in its monthly report that it … Read more
Vehicles lined up with Pakistan oil fuel pump in this undated photo. – Online / File RS7.47 per drop in liter expected in kerosene oil. The light diesel level can witness a decrease in RS7.21. The Govt reduced petrol by Re1 per liter last month. Karachi: Prices of petroleum products should decrease more than RS8 … Read more
A foreign currency dealer has US dollars in a store in Karachi on May 19, 2022. – AFP / File Pakistan will begin to receive $ 100 million each month from March. Islamabad will look $ 4.4 billion in foreign loans from March to June. Govt attracts $ 1.3 billion via Naya Pakistan certificates. Islamabad: … Read more
A worker has a fuel nozzle to fill the fuel in a car at the Karachi service station on September 16, 2023. – Reuters Kerosene, LDO could be reduced by RS10 and RS7 per liter. The next bimonthly review is due on March 15. The final prices to be determined according to the fluctuation of … Read more
The oil tankers traveled in a terminal in the middle of a strike on the scale of the country of All Pakistan Oil Tankers Association near a port in Karachi on July 26, 2017. – AFP / File Our negotiations with the government have succeeded: Noman Butt According to the minister, the deregulation process will … Read more
Prime Minister Shehbaz Sharif witnesses the signing of the agreements between the government of Pakistan and the development of the Saudi fund, Islamabad, February 3, 2025. – PID Pakistan to import oil into delayed payment for a year. PM Shehbaz, CEO of SFC signature of the agreements. The CEO of SFD provides early treatment for … Read more
US President Donald Trump delivered a special distance speech during the 55th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 23, 2025. – Reuters Trump’s first remarks to world leaders since his inauguration. The American president severely criticizes his allies, Canada and the European Union. He declares that he will ask … Read more
A representative image of a MOL Pakistan Oil and Gas Company field station site. — MOL Pakistan website/file The main oil fields experience a drop in production between July and December. Other gas fields of Mari, Qadirpur, Sui and Sharf also report decline to go out. Oil production fell 12% while gas production fell 7%. … Read more
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
Thirty-two dolphins have died since two storm-hit tankers spilled fuel oil three weeks ago in the Kerch Strait, which separates the Russian-occupied Crimean peninsula from the southern Russian region of Krasnodar, it was announced on Sunday. an animal protection association. Russia’s Delfa Dolphin Rescue and Research Center said the deaths were “most likely linked to … Read more
An undated image of a MOL Pakistan exploration site. — MOL Pakistan website/file Circular debt creates cash flow constraints, according to the ministry report. This highlights ineffective financial management in PSO, PPL, etc. Deplores obsolete and inefficient infrastructure, operational problems. ISLAMABAD: The Ministry of Finance, in its report, has raised serious questions over financial mismanagement … Read more