Pakistan will launch offshore oil and gas exploration later this year for the first time in nearly two decades, Petroleum Minister Ali Pervaiz Malik said on Tuesday, as the government simultaneously advances refinery upgrades and broader reforms in the petroleum sector. Speaking at a meeting of the National Assembly Standing Committee on Petroleum, Pervaiz Malik said the offshore exploration in
Pakistan is preparing to overhaul the way its petroleum market operates by gradually moving away from government-controlled fuel pricing, with plans to introduce greater market transparency through digitalization of the fuel supply chain and the possible publication of daily international benchmark prices. Petroleum Minister Ali Pervaiz Malik shared the government's roadmap while briefing the N
Federal Finance Minister Muhammad Aurangzeb visited the headquarters of the Securities and Exchange Commission of Pakistan (SECP), where he chaired a high-level meeting to review matters related to the corporate and financial sectors. During the meeting, SECP Chairman Dr. Kabir Ahmed Sidhu gave a detailed briefing to the Finance Minister. The SECP commissioners also attended the meeting. The
The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Tuesday. At close, the local currency settled at 278.10, a gain of Re0.01 against the greenback. On Monday, the rupee closed at 278.11 against the dollar. Meanwhile, in the broader market, the dollar was on shaky ground as investors continued to pare back expectations of U.S. rate hikes this year foll
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said on Tuesday that the current account performance remains strong due to record remittance flows. “We do expect our overall remittances for this year to close anywhere between $41 and $42 billion.” Addressing the second edition of Pakistan Banking Summit 2026 at a local hotel here, he said that the last fiscal year was clo