Positive signs indicate economic turnaround: Musadik ISLAMABAD: Minister for Petroleum Musadik Malik said on Sunday that both internal and external economic indicators... Published 27 May, 2024 05:52am
Business & Finance Gems, precious stones sector: PM seeks steps to elevate status ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif wanted taking steps to give the status of regular industry to the... Published 23 May, 2024 05:15am
Print Visit to begin on 5th: PM sets up panel to facilitate private sector team from KSA Pakistan is eyeing an investment of up to $15-20 billion from Saudi Arabia in different sectors/ fields including purchase of public sector entities or share purchases Updated 02 May, 2024 12:05pm
Business & Finance PM forms body to probe Matiari Transmission Line underutilisation ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a committee headed by Minister for Petroleum Senator... Updated 19 Apr, 2024 09:34am
Business & Finance Turkmen envoy says TAPI is a win-win project ISLAMABAD: Ambassador of Turkmenistan Atadjan Molamov called on Federal Minister for Petroleum, Dr Musadik Malik in... Published 27 Mar, 2024 04:38am
Business & Finance Govt negotiating second cargo of discounted Russian crude ISLAMABAD: The State Minister for Petroleum, Dr Musadik Malik, on Wednesday said that talks with Russia are... Updated 13 Jul, 2023 09:11am
Markets Pakistan negotiating for a second discounted Russia crude shipment ISLAMABAD: Pakistan is negotiating to buy a second shipment of discounted Russian crude oil, the South Asian... Updated 12 Jul, 2023 08:08pm
Print Construction of bonded warehouses: Policy introduced to facilitate foreign oil firms LAHORE: Minister of State for Petroleum Dr Musadik Malik said on Wednesday that government had introduced a new... Updated 29 Jun, 2023 03:21pm
Business & Finance Bonded Bulk Storage Policy will end fuel hoarding, reduce pressure on rupee: Musadik Malik Minister says second Russian oil shipment has reached Pakistan Updated 28 Jun, 2023 08:16pm
Print Oil import on foreign supplier’s account: OCAC requests govt to convene meeting of stakeholders ISLAMABAD: While raising questions on approval of policy guidelines regarding import of oil on foreign supplier’s... Updated 28 Jun, 2023 09:01am
Markets Second cargo carrying Russian crude oil arrives in Pakistan A Russian oil vessel ‘Clyde Noble’ carrying crude oil reached Karachi on Tuesday and is currently anchored at the... Updated 28 Jun, 2023 12:20am
Print ECC concerned at ‘higher generation cost’ of KE ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is said to have expressed concerns over higher... Updated 27 Jun, 2023 08:58am
Print LNG deal with Azerbaijan to help end gas crisis by next winter: Musadik ISLAMABAD: State Minister for Petroleum Musadik Malik Wednesday assured that Pakistan’s Liquefied Natural Gas (LNG)... Updated 22 Jun, 2023 08:59am
Pakistan ‘Same discount as for others’: Russian minister says Pakistan not receiving ‘special’ rate Energy minister Nikolai Shulginov also says Russia agreed payment would be made in currencies of friendly countries Updated 17 Jun, 2023 10:07pm
Pakistan Paying for Russian oil in Chinese Yuan Pakistan’s own choice: US US State Department spokesperson Matthew Miller says price cap imposed on Russian oil by Washington and allies has driven down price Updated 14 Jun, 2023 12:26pm
Markets Govt seeks spot LNG cargoes, inks supply deal with Azerbaijan SINGAPORE: Pakistan has issued two tenders seeking spot liquefied natural gas (LNG) cargoes for the first time in... Updated 14 Jun, 2023 10:33am
Business & Finance More crude oil will be imported from Russia: Musadik ISLAMABAD: Minister of State for Petroleum, Dr Musadik Malik on Tuesday said additional crude oil would be imported... Published 14 Jun, 2023 06:21am
Markets Cannot disclose commercial terms of contract, says Musadik Malik on Russian oil deal State Minister for Petroleum Musadik Malik on Tuesday said the government cannot disclose its contractual terms of... Updated 13 Jun, 2023 07:10pm
Markets Russian oil: experts say ‘trial run’ vital to identify viability for Pakistan Currently, details are not available, which makes it harder to assess cost impact for consumers Updated 13 Jun, 2023 11:21pm
Business & Finance Payment made in Chinese currency: govt ISLAMABAD: Pakistan paid for its first government-to-government import of discounted Russian crude in Chinese... Published 13 Jun, 2023 06:00am
Markets Pakistan’s Russian crude shipment paid for in Chinese currency: Musadik Malik Pakistan paid for its first government-to-government import of Russian crude in Chinese currency, State Minister for... Updated 12 Jun, 2023 11:49pm
Business & Finance Pakistan, Turkmenistan ink JIP to accelerate work on TAPI ISLAMABAD: In a major development, Turkmenistan and Pakistan have signed a Joint Implementation Plan (JIP) to... Published 09 Jun, 2023 06:20am
Print Direct containerised Karachi-Saint Petersburg shipping service inaugurated KARACHI: In a bid to enhance energy growth and achieve a sustainable GDP growth rate of at least 5 percent, Pakistan... Updated 26 May, 2023 08:56am
Markets Pakistan will see $10bn investment in refinery sector 'very soon': Musadik Malik Says its details cannot be shared at the moment, pitches Pakistan as 'investment-friendly' country Updated 25 May, 2023 07:23pm
Print 0.1m tons of Russian oil to arrive in first week of June ISLAMABAD: The vessels carrying 100,000 tons of discounted Russian oil will arrive at Pakistan ports in the first... Updated 25 May, 2023 08:52am
Print MoFA to discuss US sanctions on IP gas pipeline today ISLAMABAD: The Ministry of Foreign Affairs (MoFA) has convened an inter-ministerial meeting on Wednesday (today) to... Updated 24 May, 2023 08:42am
Markets Govt to address IMF concerns on petroleum subsidy scheme, says Musadik Minister of State for Petroleum Musadik Malik on Tuesday said that the government remains committed to addressing... Updated 09 May, 2023 05:12pm
Markets Pakistan buys Russian oil but sees diversified future WASHINGTON: Facing a deep economic crisis, Pakistan has started to buy Russian oil, but the country’s petroleum... Published 09 May, 2023 09:51am
Print Pakistan all set to get discounted Russian oil ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday that everything was set for his country to receive a... Updated 28 Apr, 2023 08:54am
Markets Pakistan-Russia oil deal: Countries to make own sovereign decisions, says US US State Dept spokesperson says Washington has never tried to keep Russian energy off the market Updated 26 Apr, 2023 04:28pm