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Business & Economy Published 02 Jan, 2023 03:50pm

Gulf equities ring in new year on mixed note as oil, recession worries weigh

2023 is going to be a tough year, warns IMF

Business & Economy Published 27 Dec, 2022 11:55pm

Russia bans oil sales to countries that accept price cap

Putin would have authority to overrule the measures in special cases

▶️ Pakistan Published 27 Dec, 2022 06:37pm

Karak invents deadly kitchen jugard by scavenging for gas

Gas-filled balloons can turn into a ball fire at a moment's notice

Business & Economy Published 27 Dec, 2022 06:19pm

Oil, gas reserves discovered in Dera Ismail Khan

Discovery will positively contribute to mitigating energy demand and supply gap

Business & Economy Published 27 Dec, 2022 09:40am

Oil prices climb on easing China Covid curbs, concerns over US storm impact

Brent crude was up 88 cents, or 1.1 per cent, at $84.80 a barrel

Business & Economy Published 23 Dec, 2022 03:59pm

S&P downgrades Pakistan’s credit rating on weakening of several metrics

Long-term sovereign credit rating lowered to “CCC+” from “B-“

Business & Economy Published 23 Dec, 2022 03:51pm

Oil climbs on expected drop in Russian exports, offsets US storm impact

Brent crude rose 88 cents, or 1.1 per cent, to $81.86 a barrel

World Published 23 Dec, 2022 02:01pm

Putin says Russia wants end to war in Ukraine

White House says Russian president has shown 'zero indication that he is willing to negotiate'

Business & Economy Published 19 Dec, 2022 04:39pm

OGDC discovers oil and gas reserves from its exploratory well in Sindh

The company says discovery shows its aggressive exploration strategy

Business & Economy Published 19 Dec, 2022 01:18pm

Oil climbs on optimism over China’s demand recovery

Brent crude futures rose 72 cents, or 0.9 per cent, to $79.76 a barrel

World Published 18 Dec, 2022 05:59pm

12 killed as oil tanker catches fire in Afghanistan’s Salang pass

Many of the dead included women and children who were badly burned

Business & Economy Updated 16 Dec, 2022 02:46pm

Govt slashes petrol prices by Rs10 per litre

Petrol will now be available at Rs214.80

Business & Economy Published 14 Dec, 2022 10:05am

Pakistan expecting Saudi Arabia financial help: Dar

‘There are positive vibes from Saudi Arabia,’ says finance minister

Business & Economy Published 09 Dec, 2022 04:28pm

Petrol prices could be slashed by Rs30 per litre

Oil prices fell to its lowest level after surging to close to its all-time high of $140 a barrel in March

Business & Economy Published 07 Dec, 2022 03:37pm

Oil falls close to 2022 lows on economic worries, easing supply fears

Investors wary over recession warnings, rate hikes outlook

Business & Economy Updated 06 Dec, 2022 01:09pm

Pakistan to get crude oil, petrol, diesel from Russia at discounted rates

Petroleum minister says Russia trip was more successful than expectations

Business & Economy Published 04 Dec, 2022 05:17pm

Russia says it won’t accept oil price cap and is preparing response

Price cap can complicate the shipment of Russian crude

Business & Economy Updated 28 Nov, 2022 03:04pm

Will Pakistan get cheap Russian oil? Musadik Malik is trying…

Pakistan minister heads to Russia for oil and gas talks

Business & Economy Published 22 Nov, 2022 10:31am

Oil rises after Saudis deny report of Opec+ supply increase

Benchmarks plunged by more than $5 a barrel in previous session after report Opec+ would consider output increase

Business & Economy Published 12 Nov, 2022 06:12pm

India can buy as much Russian oil as it wants, outside price cap: US treasury secretary

Remarks made after India’s foreign minister said last week that his country would continue to buy Russian crude because it benefits India

Pakistan Published 07 Nov, 2022 08:00pm

Saudi crown prince likely to visit Pakistan this month

Prince Muhammad bin Salman's special security team to arrive this weekend

Business & Economy Published 07 Nov, 2022 08:44am

Oil prices slide as hopes for China demand rebound fade

Brent crude futures dropped $1.20, or 1.2%, to $97.37 a barrel by 0227 GMT

Business & Economy Published 05 Nov, 2022 12:57pm

ECC greenlights increase in petroleum levy on RON 95 petrol

Approves technical supplementary grants of Rs5b for seventh population census

Business & Economy Published 04 Nov, 2022 12:46pm

Oil climbs as dollar slips, but demand fears keep a lid on gains

'We are not at levels that will encourage oil bulls to admit defeat just yet,' says analyst

Business & Economy Published 03 Nov, 2022 03:34pm

Oil slips as dollar firms, but supply worries check losses

Darkened global economic outlook could continue to pressure oil’s futures markets: Market analyst

World Published 31 Oct, 2022 04:31pm

Saudi, UAE tout higher oil production, days before COP climate talks

'We and the UAE are increasing our production capacity and increasing our refining,' Saudi Energy Minister Prince Abdulaziz bin Salman

World Published 31 Oct, 2022 04:28pm

Iran seizes ‘foreign’ fuel-smuggling ship

It is not known when ship was seized or what flag it sailed under

Pakistan Updated 28 Oct, 2022 02:50pm

Saudi crown prince soon to visit Pakistan to set up oil refinery

PM Shehbaz urges people to get ready; says they convinced the Saudi govt after much difficulty

World Published 26 Oct, 2022 12:51pm

Oil dips on US crude stock build, supply worries limit losses

Brent crude futures for December fell 72 cents, or 0.8 per cent, to $92.80 a barrel

Business & Economy Published 25 Oct, 2022 11:17am

Oil prices edge higher as dollar eases

US dollar index edges down in early trade; S&P Global survey says business activity weakens in October