Pakistan’s oil refining sector played a pivotal role in averting a potential fuel supply crisis during peak diesel demand months, as local refineries ramped up production and ensured uninterrupted availability across the country, according to research by Arif Habib Limited. Refinery throughput increased 13 percent year-on-year to 972,000 tons in March 2026, compared to 860,000 tons in the same
The federal government hiked petrol by 43 percent and diesel by 55 percent, marking a record increase; however, a temporary three-month subsidy remains in place to safeguard lower and middle-income group. Speaking at a press conference alongside Finance Minister Muhammad Aurangzeb, Petroleum Minister Ali Pervaiz Malik announced on Thursday Rs 137.23 per litre increase in petrol price and Rs 184
The National Accounts Committee (NAC) on Thursday approved the provisional GDP estimates for the first quarter of the financial year 2025-26, saying that Pakistan’s economy expanded by 3.89 percent during the second quarter. The meeting was held here under the chairmanship of the Federal Secretary, Ministry of Planning and Development. The meeting, which was attended by relevant officials, incl
Pakistan on Thursday proposed signing a Free Trade Agreement (FTA) with the United Kingdom (UK), terming it a natural progression of the growing economic partnership between the two countries. The proposal was floated during a meeting between Federal Minister for Commerce Jam Kamal Khan and Director General (Political) of the United Kingdom Edward Llewellyn. British High Commissioner Jane Marri
US oil prices settled more than 11% higher and Brent soared nearly 8 percent on Thursday in volatile trading, as traders worried about prolonged disruptions to oil supply the day after President Donald Trump said the United States would continue attacks on Iran. Brent crude futures closed USD7.87, or 7.78 percent, higher at USD109.03 a barrel. US West Texas Intermediate crude futures rose USD11