Edible oil price: Historic retreat Terms of trade in the food sector have been Pakistan’s savings grace on the trade balance front this fiscal year.... Published 26 Mar, 2024 09:24am
Editorials Oil exploration EDITORIAL: Federal Energy Minister Muhammad Ali’s revelation that up to 70 percent area in Pakistan is still... Published 12 Nov, 2023 03:14am
Markets India’s edible oil imports likely to fall 6% in 2023-24 MUMBAI: India’s vegetable oil imports are likely to drop 6% in the new marketing year beginning November, due to... Published 27 Sep, 2023 06:10pm
Business & Finance FCCI, R&D dept discuss importance of renewable energy, electric vehicles FAISALABAD: A meeting of the Faisalabad Chamber of Commerce and Industry (FCCI) Standing Committee on CPEC and... Published 11 Aug, 2023 05:17am
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 Oil rises as US inventory drop offsets rate hike fears LONDON: Oil rallied on Wednesday after an industry report of a larger-than-expected drop in US crude inventories... Updated 28 Jun, 2023 02:43pm
Print Oil import on foreign supplier’s account: OCAC requests govt to convene meeting of stakeholders ISLAMABAD: While raising questions on approval of policy guidelines regarding import of oil on foreign supplier’s... Updated 28 Jun, 2023 09:01am
Markets Oil steady as markets debate U.S. crude stocks build ahead of Fed rate decision HOUSTON: Oil prices were little changed on Wednesday, giving up early gains, as markets weighed an unexpected, large... Updated 14 Jun, 2023 09:40pm
Markets China increases oil import quotas 20% on year ago SINGAPORE/BEIJING: China has issued a third batch of 2023 crude oil import quotas, raising the total volume in the... Published 14 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
Business & Finance More crude oil will be imported from Russia: Musadik ISLAMABAD: Minister of State for Petroleum, Dr Musadik Malik on Tuesday said additional crude oil would be imported... Published 14 Jun, 2023 06:21am
Markets OPEC oil demand forecast holds steady as economic clouds gather LONDON: OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday, though the... Published 13 Jun, 2023 05:47pm
Markets Oil prices rise on bargain hunting as demand worries weigh LONDON: Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s... Updated 13 Jun, 2023 07:24pm
Business & Finance Payment made in Chinese currency: govt ISLAMABAD: Pakistan paid for its first government-to-government import of discounted Russian crude in Chinese... Published 13 Jun, 2023 06:00am
Print Pakistan all set to get discounted Russian oil ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday that everything was set for his country to receive a... Updated 28 Apr, 2023 08:54am
Markets Oil prices stabilize after hefty losses on economic worry NEW YORK: Oil prices steadied on Thursday after the previous day’s price drop on worries about a possible recession... Updated 27 Apr, 2023 10:13pm
Business & Finance Country to save $18/bbl on import of Russian crude: FPCCI KARACHI: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh has... Published 27 Apr, 2023 06:24am
Markets Discounted oil: Russian delegation to reach Pakistan tomorrow A high-level delegation from Russia, including its minister for energy, will reach Pakistan on Tuesday (January 17)... Published 16 Jan, 2023 04:54pm
Markets Oil falls to near year’s lows on China demand worries Oil prices slid on Monday, falling close to their lowest level this year, as street protests against strict COVID-19... Updated 28 Nov, 2022 09:14pm
Print Delegation to visit Russia for talks on oil, says Dar ISLAMABAD: A delegation led by State Minister for Petroleum Musadik Malik will fly to Russia to discuss an agreement... Updated 28 Nov, 2022 09:39am
Markets Saudi deferred payment facility: Country imports $100m oil in September ISLAMABAD: Pakistan imported petroleum products worth $100 million on deferred payment basis under the Saudi oil... Updated 23 Oct, 2022 05:23pm
Markets Azerbaijan sees oil at $50 per barrel in 2023 budget BAKU: Azerbaijan’s Finance Ministry said on Thursday that it expects oil prices of $50 per barrel in the oil-rich... Published 15 Sep, 2022 09:44pm
Markets Month-on-month: food, oil imports post double-digit growth in August PBS data shows these two groups constituted close to half of total imports during the previous month Updated 15 Sep, 2022 04:49pm
Print PM approves 10,000MW solar energy generation plan ISLAMABAD: Prime Minister Shehbaz Sharif has approved the plan of generating 10,000-MW cheaper electricity through... Updated 02 Sep, 2022 09:48am
Markets This decade’s oil boom is moving offshore - way offshore Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on... Published 31 Aug, 2022 11:33am
Opinion Escaping the jaws of stagflation Amid elevated levels of inflation, the war in Ukraine, and rising interest rates, global economic growth is expected... Published 31 Aug, 2022 06:27am
Markets China issues new oil import quotas for private refineries SINGAPORE: China has issued 52.66 million tonnes of crude oil import quotas to non-state refiners in a second batch... Updated 28 Jun, 2022 03:23pm
Print Govt mulling buying energy from Russia Inter-ministerial meeting is expected to be held in Ministry of Foreign Affairs (MoFA) on Monday (today) to discuss different aspects of the proposal Updated 27 Jun, 2022 10:12am
Opinion Govt needs to go beyond raising prices of POL products The incumbent government has injected a measure of clarity into its approach to myriad economic challenges facing ... Published 28 May, 2022 05:11am
Markets China quietly increases purchases of low-priced Russian oil SINGAPORE: China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data ... Published 21 May, 2022 04:34am
