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Business & Economy Updated 15 May, 2022 06:26pm

Petrol prices will not be increased for now: Miftah

'You don't have to stand in a queue outside petrol stations. We have no intention to increase petrol prices,' says finance minister

Business & Economy Published 12 May, 2022 10:17am

Saudi Aramco becomes world’s most valuable company

Oil giant Saudi Aramco overtakes Apple as world's most valuable company

Business & Economy Published 09 May, 2022 10:19pm

Oil prices tumble, weighed down by China lockdowns

Crude imports by China in the first four months of 2022 fall 4.8% from a year ago

Business & Economy Published 08 May, 2022 10:31pm

Saudi Arabia lowers Arab Light oil price to Asia, Europe in June

The price of the Arab Light benchmark in the United States in June is unchanged

Business & Economy Published 05 May, 2022 08:14pm

Top oil producers agree modest supply boost amid demand concerns

Brent stands at $113.25 a barrel and American WTI at $110.64 a barrel

Business & Economy Published 05 May, 2022 03:29pm

Oil climbs on supply jitters as EU lays out Russian oil ban

France expects EU consensus on Russian oil ban by end of week

Business & Economy Published 02 May, 2022 09:46pm

Stock markets, oil slip on weak Chinese data, looming US rate hike

Eurozone markets end the session down, Paris losing 1.6 percent and Frankfurt tumbling 1.2 percent

World Published 02 May, 2022 10:28am

Missile attack causes tank fire in Iraq’s oil refinery

Three missiles fell near the refinery on April 6, without causing any casualties

Business & Economy Updated 01 May, 2022 02:01pm

Govt keeps petroleum products prices unchanged

Set to give more than $2 billion in subsidies to the oil and power sectors from April to June

Business & Economy Published 26 Apr, 2022 09:52pm

Oil rebounds from drop on China demand concerns

Brent rises by $2/bbl after the People's Bank of China says it will step up monetary policy support to the real economy

Business & Economy Published 25 Apr, 2022 09:46pm

Stocks and oil slide China lockdowns, rate hike fears

The euro and yuan slide against the dollar, while sterling loses one percent to hit a 19-month low at $1.2705

Pakistan Published 23 Apr, 2022 12:29pm

Petrol to shoot to Rs227 a litre as Miftah agrees with IMF

There is never a good time to start anything difficult: finance minister

Business & Economy Published 20 Apr, 2022 05:00pm

Oil rebounds as supply concerns dominate

Global oil prices have been pulled higher by a tighter supply outlook after sanctions against Russia

Business & Economy Published 15 Apr, 2022 09:31am

Govt faces fuel price challenge as some observers suggest ending subsidies

Govt faces fuel price challenge as some observers suggest ending subsidies

Pakistan Published 15 Apr, 2022 09:13am

New govt may have to roll back fuel, power subsidies

‘The relief package will add to fiscal deficit which we cannot afford at the moment,’ says Finance Secretary Hamed Yaqoob Sheikh

Business & Economy Published 12 Apr, 2022 12:50pm

Oil opens higher as OPEC warns of tight supply and Russian sanctions loom

EU drafting proposals for an EU oil embargo on Russia in the wake of its invasion of Ukraine

Business & Economy Published 12 Apr, 2022 08:28am

Moody’s expects 3-4% growth this year in Pakistan

Says asset risk is mainly linked to banks’ high exposure to government securities

Business & Economy Published 11 Apr, 2022 08:41pm

Oil market sinks on China demand fears

US benchmark oil West Texas Intermediate dives as low as $92.93 per barrel and European Brent hits $97.57

Pakistan Published 09 Apr, 2022 11:51am

FBR disallows input tax adjustment on 778 goods

Sector experts says denial of input tax adjustment on 778 items would have serious consequences for the manufacturers of oil and ghee and steel sector

Business & Economy Published 08 Apr, 2022 12:08pm

Oil prices drift lower, set for 3% weekly fall due to massive stocks release

Brent crude futures edged lower by 55 cents, or 0.6% to $100.03 a barrel at 0403 GMT

Business & Economy Published 07 Apr, 2022 05:15pm

Oil rises from 3-week low as supply concerns linger

Brent crude futures climb $1.42 or 1.4%, to $102.52 a barrel, while US WTI crude futures rise $1.55, or 1.6%, to $97.78 a barrel

Pakistan Published 06 Apr, 2022 09:12am

Officials term PM’s oil relief package ‘unsustainable’

PSO receivables have already reached Rs500b and it has 54% share in petroleum products sale

Business & Economy Published 05 Apr, 2022 08:09pm

Oil extends rally as EU considers more Russia sanctions

European and Asian stock markets diverge and the dollar dips versus major rivals

Business & Economy Published 05 Apr, 2022 11:17am

Oil climbs on prospect of fresh Russia sanctions

Global crude futures had settled up more than 3% on Monday on the threat of more sanctions on Russia

Business & Economy Published 04 Apr, 2022 08:50pm

Stocks up, oil steady on easing supply, inflation concerns

Major stock markets continue their cautious grind higher, as investors take solace from US economy

Business & Economy Published 01 Apr, 2022 03:03pm

Oil falls as IEA members meet to discuss stocks release

Brent crude futures were down 71 cents to $104.00 a barrel by 0952 GMT

Business & Economy Published 31 Mar, 2022 11:58pm

OPEC+ sticks to modest oil output increase despite Western pressure

The Saudi-led OPEC and 10 countries spearheaded by Russia back an increase of 432,000 barrels per day in May

Business & Economy Published 30 Mar, 2022 11:15pm

Oil jumps 4% on tight supply, prospects of new Russia sanctions

U.S. crude stockpiles fall for a second straight week, falling by a bigger-than-expected 3.4 million barrels last week