The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have expressed serious concern over the unilateral imposition of additional charges on export cargo by Ground Handling Agencies (GHAs). Zaki Ejaz, Regional Chairman and Vice President of FPCCI, stated that Gerry’s dnata and Raas (AMI) Air Menzies International have levied an extra fee of 25 to 50 rupees per kilogram on export car
Oil prices rose more than 5 percent on Wednesday after Iran’s Revolutionary Guards threatened to attack several energy facilities across the Middle East in retaliation, heightening the risk of further disruptions to energy supplies in the region. Brent futures rose USD5.26, or 5 percent to USD108.66 a barrel at 1105 a.m. ET (1505 GMT) on Wednesday, having risen to as high as USD109.95 earlier i
Oil prices rose as much as 3% on Thursday after Iran attacked several energy facilities across the Middle East following a strike on its South Pars gas field, a major escalation in Tehran’s war with the U.S. and Israel. Brent futures were up $3.69, or 3.44%, to $111.07 by 0142 GMT, while U.S. West Texas Intermediate crude rose $2.29, or 2.38%, to $98.61. Brent closed up 3.8% on Wednesday,
The Ministry of Commerce has formally sought the intervention of aviation authorities over complaints from meat exporters regarding additional logistics charges imposed on export consignments, marking a significant development in an ongoing dispute that industry representatives warn could disrupt Pakistan’s meat exports. In an official letter dated March 17, 2026, the Ministry of Commerce asked
Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials say, as the US-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand. Asia spot LNG prices have doubled to three-year highs in the second major supply shock in four years, as shipping through the Strait of Hormuz has