SCCI hails govt’s decision of importing oil from Russia
ISLAMABAD-The SAARC Chamber of Commerce and Industry (SCCI) President Iftikhar Ali Malik Sunday hails government’s decision to import crude oil…
Govt to set up oil refinery with up to $14 billion, claims Musadik
Minister of State for Petroleum Dr Musadik Malik said Prime Minister Shehbaz Sharif on Friday approved a policy to set…
Oil import bill drops by over 11 percent to $13.08 billion in nine months
ISLAMABAD-Pakistan’s oil import bill has dropped by over 11 percent in nine months (July to March) of the current fiscal…
Oil drops over 1% on higher dollar, interest rate concerns
Oil prices turned lower on Monday as the US dollar strengthened and as investors mulled over a possible May interest…
FPCCI BMP says jump in oil rates unfair ahead of Eid as businesses stuck in inflation quagmire
ISLAMABAD – The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday said…
Foreign oil, gas firms leaving Pakistan, selling their assets: Petroleum Division Secretary
ISLAMABAD-Secretary Petroleum Division has said that only three foreign companies are currently working in the oil and gas sector in…
Govt decides to use local, not imported, furnace oil for power generation: Dastgir
ISLAMABAD-To reduce the impact of dollar exchange rate on the electricity cost, the government has decided to ban the import…
Oil declines
ANKARA-Oil prices decreased on Friday after weak economic data in the US sparked recession fears. Also Read: Free Lifetime VPN…
Asian markets swing as oil surge weighs on Fed rate hopes
HONG KONG-Asian markets were mixed Tuesday as concerns about the impact of surging oil prices on inflation offset data indicating…
Gold drops as inflation risks after OPEC+ oil target cut raise Fed hike odds
Gold prices slid on Monday after a surprise announcement from OPEC+ about a cut to oil output sparked inflation concerns…
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