Category: Business
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Govt raises petrol price by Rs5.02 per litre, HSD by Rs5.28 amid rising global oil prices
ISLAMABAD: Pakistan’s imports from Iran have continued to increase despite ongoing uncertainty and tensions in the region, with official figures and sources indicating a significant rise during the opening months of the current fiscal year. According to sources, Pakistan imported goods worth approximately $248 million from Iran during the first two months of the current fiscal year,…
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Gold Price Rises in Pakistan, Reaches Rs457,136 Per Tola
KARACHI: Gold prices in Pakistan increased on Thursday, with the price of one tola of gold rising by Rs400 to reach Rs457,136, according to the All Pakistan Sarafa Gems and Jewellers Association. The latest increase reflects a modest rise in both domestic and international gold prices. Following the Rs400 increase, the price of 24-karat gold per…
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IMF Expresses Satisfaction Over Pakistan’s Progress on All Targets
ISLAMABAD: The International Monetary Fund (IMF) has so far expressed satisfaction with Pakistan’s progress toward meeting the agreed targets under its economic programme, according to sources in the Ministry of Finance. However, there is still no confirmation that the IMF mission will visit Pakistan this month for talks on the economic review required for the release…
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Fuel Price Hike: All Pakistan Goods Transport Alliance Announces 5% Increase in Freight Rates
KARACHI: Following a continued daily basis was unacceptable and was creating serious difficulties for the transport increase in petroleum product prices, the All Pakistan Goods Transport Alliance has announced a 5% increase in goods transportation freight rates. Alliance President Malik Shahzad Awan condemned the increase in petroleum prices and said the transport sector could no…
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Gold Prices Rise in Pakistan, Reaching Rs457,136 per Tola
KARACHI: Gold prices in Pakistan increased on Thursday, with the price of one tola of gold rising by Rs400. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of one tola of gold increased to Rs457,136 following the latest rise. The price of 10 grams of gold also increased by Rs343, reaching…
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Brownfield Refinery Policy Issued, Paving Way for $5 Billion in Upgrades
ISLAMABAD: The government has issued its long-awaited Brownfield Refinery Policy, paving the way for refinery upgradation projects estimated at around $5 billion. Under the new policy, existing oil refineries will have to enter into upgrade agreements by October 1. Refineries that fail to sign the required agreements within the deadline will face a further reduction…
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Pakistan’s Seafood Exports Rise 38 Percent in Two Years, Maritime Ministry Says
ISLAMABAD: Pakistan has recorded a significant increase in seafood exports, marking what the Ministry of Maritime Affairs has described as major progress in the country’s blue economy. According to the ministry, Pakistani seafood exports have increased by 38 percent over the past two years, reflecting growing demand for the country’s marine products in international markets. Official figures…
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Petroleum Prices Linked to Global Market Fluctuations, Says Petroleum Minister
ISLAMABAD: Federal Minister for Petroleum Ali Pervez Malik has said that fluctuations in the prices of petroleum products in Pakistan are directly linked to developments in the international oil market, as consumers continue to face the impact of rising fuel costs. Speaking to Geo News, the petroleum minister explained that the government’s pricing mechanism is influenced significantly by movements in global energy markets. He said international crude oil prices, along with other external factors affecting the energy sector, play…
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Prime Minister Approves Auto Policy 2026
Islamabad: Prime Minister Shehbaz Sharif has approved the Auto Policy 2026, a major step aimed at strengthening Pakistan’s automotive industry, increasing exports and encouraging investment in modern vehicle technologies. According to sources, the government plans to officially announce the policy next week after obtaining approval from the International Monetary Fund (IMF). The recommendations were prepared…
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US-Iran Tensions Push Global Oil Prices Higher
LONDON: Crude oil prices rose for a fourth consecutive session amid escalating tensions between the United States and Iran. According to international media, Brent crude futures rose 1.6% to $99.49 per barrel, approaching the $100 mark. US West Texas Intermediate (WTI) crude also gained 1.72% to $94.63 per barrel. The latest rise followed reported US attacks on Iranian tankers and subsequent Iranian strikes on…
