The government is to establish a 400-acre apparel zone at Port Qasim, eyeing over 138,000 jobs and annual exports of nearly $2.2bn in the first phase, according to project projections. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry chaired a meeting on the proposed garment city project, where he said the export-oriented manufacturing cluster would focus on high-value appar
The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, raising the price of High-Speed Diesel (HSD) by Rs6.47 per litre and Motor Spirit (petrol) by Rs5.77 per litre, effective August 18, 2026. Based on the revised petroleum pricing mechanism issued by the federal government, the Oil and Gas Regulatory Authority (OGRA) has revised the ex-depot prices
Pakistan Petroleum Limited (PPL), the operator of Shah Bandar exploration licence, has made a gas and condensate discovery at exploratory well Rahi X-1, located in Sujawal district of Sindh province. "This is the fourth consecutive discovery at the Shah Bandar Block by PPL as an operator with 63% working interest along with its joint-venture partners Mari Energies having 32% working interest, S
The State Bank of Pakistan (SBP) injected approximately Rs11.6 trillion into the banking system on Monday through a reverse repo auction conducted as part of its Open Market Operations. According to data compiled by AKD Securities from the SBP's figures, the central bank received total offers of Rs11,777 billion and accepted Rs11,613 billion across two tenors. In the four-day tenor, banks offer
Pakistan’s largest refiner Cnergyico is buying more US crude as Islamabad seeks to diversify the country’s energy supplies after disruption caused by the Iran war exposed its dependence on Gulf routes. Pakistan also wants to increase imports from the US to help narrow its trade surplus and secure reductions in trade tariffs imposed by President Donald Trump. Cnergyico, which first bought US