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Petrol becomes costlier as price rises by Rs2.43 to Rs265.45 per litre

Petrol becomes costlier as price rises by Rs2.43 to Rs265.45 per litre

The price of high-speed diesel has also gone up, rising by Rs3.02 to Rs278.44 per liter for the next fifteen days Revised fuel rates will remain in effect from November 1 to 15. OGRA reviews

Business
PIA privatisation to be completed by December, Senate panel told

PIA privatisation to be completed by December, Senate panel told

Four consortia are currently reviewing PIA’s accounts, fleet, and routes Due diligence process nearing completion, say officials. Privatization to follow set timeline, assures commission. Afanullah-led committee reviews progress on PIA sale. ISLAMABAD: The Senate Standing

Business
Petroleum prices expected to rise by up to Rs2.34 per litre from Nov 1

Petroleum prices expected to rise by up to Rs2.34 per litre from Nov 1

Petrol may reach Rs264.50; diesel Rs276.80 as per preliminary calculations Petrol likely to go up by Rs 1.48 per liter from Nov 1. Diesel to rise by Rs 1.38 per liter. Kerosene leads with a

Business
Govt resumes new gas connections after four-year ban

Govt resumes new gas connections after four-year ban

Prime Minister Shehbaz Sharif formally launches the process to provide RLNG connections to domestic consumers PM congratulates allies on restoring gas connections. DPM Ishaq Dar also attends the ceremony held in Islamabad. The government banned

Business
Dubai property transactions reach Rs1.45tr in a week

Dubai property transactions reach Rs1.45tr in a week

Weekly sales include 345 land deals, 3,477 residential unit sales, and 212 building sales DUBAI: Dubai’s property market saw AED 19 billion (almost Rs1.45 trillion) worth of transactions last week, the Dubai Land Department reported,

Business
No fuel shortage in Pakistan, clarifies Ogra

No fuel shortage in Pakistan, clarifies Ogra

Authority says petroleum supply remains stable nationwide after clearance of delayed consignments Ogra denies reports of fuel shortage across Pakistan. Two petrol and diesel vessels cleared to stabilize supply. The authority stated that import clearance

Business
Pakistan asks Qatar to divert 2026 LNG shipments amid oversupply concerns

Pakistan asks Qatar to divert 2026 LNG shipments amid oversupply concerns

Officials from the Petroleum Division involved in the annual delivery plan discussions say they will finalize the proposal by the end of October. Pakistan currently imports 9 LNG cargoes from Qatar each month. Islamabad wants

Business
Petroluem prices expected to drop by up to Rs6.10 per liter from tomorrow

Petroluem prices expected to drop by up to Rs6.10 per liter from tomorrow

OGRA finalizes the summary for revision of petroleum product prices and forwards it to the Petroleum Division Authorities expect the price of light diesel oil to drop by Rs1.64 per liter. Authorities are likely to

Business
China denies claims Pakistan sent rare earth samples to US

China denies claims Pakistan sent rare earth samples to US

China calls Pakistan an all-weather strategic partner with “high-level" strategic mutual trust and communication Chinese FM spokesperson responds to allegations about Pakistan. China, Pakistan remain “all-weather strategic cooperative partners”. Denies Pakistan sent rare earth samples

Business
Mofcom defends China’s rare earth export controls, slams US tariffs

Mofcom defends China’s rare earth export controls, slams US tariffs

Spokesperson says export control measures are not bans, and that “licenses will be granted for eligible applications" A spokesperson for China’s Ministry of Commerce (Mofcom) has defended the country’s decision to impose export control measures