Ogra proposes upto 13.5pc decrease in petroleum prices
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has recommended a reduction in petroleum prices by up to 13.5 per cent, keeping in line with the declining global trend in…
Pakistan to fully exploit $4.5bn petroleum import facility
ISLAMABAD: Finance Minister Asad Umar chaired a meeting of senior officials of Finance, Economic Affairs and Petroleum Divisions here on Thursday. The meeting reviewed the existing facilities for import of…
Lower oil prices bodewell for the economy but procrastination in IMF program stirs uncertainty
Consumption and import led robust economic growth in FY17 and FY18 was driven by loose monetary policy and an overvalued currency regime, which exposed Pakistan to vulnerability on the external…
Pakistan allows furnace oil export
ISLAMABAD: Pakistan government has allowed export of furnace oil and decided to stop the fuel import in a bid to help oil refineries ease their surplus that threatened to break…
Government reduces petrol, diesel prices by Rs2.0/litre
ISLAMABAD: PTI government has decided to reduce prices of petrol and diesel by Rs2.0/litre, against the summary forwarded by the Oil & Gas Regulatory Authority (OGRA) suggesting increae of petroleum…
Pakistan’s LNG imports jump; invites bids for 2019 supplies
KARACHI: Pakistan’s liquefied natural gas (LNG) imports surged 123.3 percent to $1.19 billion in the first four months of the fiscal year (July-October 2018-2019) as the country opts for imported…