Oil Hits $100 for First Time Since July as US-Iran War Escalates
Oil rates climbed above $100 a barrel on Wednesday for the first time since July as rising tensions in the Middle East fueled worries…
Tag: Business
Refinery Profit Margins Fall Below 5-Year Average
Pakistan's oil refining sector is facing a sharp squeeze in profitability, with gross refining margins (GRMs) falling to regarding $11 per barrel in September…
Pakistan Fails to Secure LNG Cargo as Tender Receives No Bids
Pakistan received no bids for a tender seeking one liquefied natural gas (LNG) cargo for delivery from Sept.
Pakistan’s Remittances Rise 17% to $3.66 Billion in August 2026
Pakistan received $3.66 billion in workers' remittances in August 2026, up 17 percent from $3.14 billion in the same month last year, according to…
Oil Sector Rejects Plan to Lower Diesel Price
For context, the Oil Firms Advisory Council (OCAC) has cautioned that another proposed change to the high-speed diesel (HSD) pricing formula could further hurt…
OGDCL, Mari and HUBCO Start Production From Joint Venture Gas Well In…
Oil and Gas Development Firm Limited (OGDCL) has confirmed the successful commissioning of the Lundali 1 well in the Sukhpur II Block in Sindh,…
FBR Scraps Super Tax for Exporters Earning Above Rs. 500 Million
Notably, the Federal Board of Revenue has abolished super tax for exporters with income exceeding Rs.
Pakistan Exchange Companies’ Dollar Sales Rise 30% in August
Exchange firms in Pakistan sold $248.7 million to banks in August, up 30 percent from $174.9 million a year earlier, signaling an improvement in…
Govt Invites Bids for 750,000 Tonnes of Wheat Imports
For context, the federal administration has moved to import 750, 000 metric tonnes of wheat to strengthen domestic supplies and meet provincial requirements, with…
Banks Removed from Pensioner Biometric Verification Process
Meanwhile, the federal administration has removed commercial banks from the administrative process of biometric verification and proof of life certification for pensioners, shifting the…