Federal Minister for Petroleum Ali Pervaiz Malik and Ambassador of the People’s Republic of China to Pakistan Jiang Zaidong on Wednesday reaffirmed the unwavering strength of the Pakistan-China partnership and discussed avenues to enhance cooperation in the energy and mineral sectors. During their meeting at the Chinese Embassy in Islamabad, the two sides focused on […]
Petroleum
Pakistan’s Large-Scale Manufacturing Grows 4.44% in Early FY2025
ISLAMABAD – Pakistan’s large-scale manufacturing (LSM) sector grew by 4.44% during the first two months of the fiscal year 2025, according to the Pakistan Bureau of Statistics (PBS). The report showed that 12 major industries recorded growth, while 11 sectors saw a decline. In August 2025, industrial output was 0.54% higher than the same month […]
Pakistan’s Exports Decline, Trade Deficit Hits $9.4 Billion in Q1 FY2025–26
ISLAMABAD –Official data shows that Pakistan’s exports from 30 out of 71 key sectors fell during the first quarter of fiscal year 2025–26, contributing to slower export growth and an increasing trade deficit. According to the Pakistan Bureau of Statistics (PBS), the trade deficit surged to $9.4 billion between July and September. Exports declined by […]
Govt raises freight margin on petroleum products
The government revised upward the freight margins on petroleum products. According to official documents, the freight margin on high-speed diesel has been fixed at Rs6.19 per litre, with an additional 32 paisa per litre increase in the extra margin. On petrol, the freight margin has been raised by Rs2.04 per litre, bringing the total to […]
Minister pledges full support for petroleum sector reforms
Federal Minister for Petroleum Ali Pervaiz Malik on Monday assured full support for reforms in the petroleum sector, terming them vital for long-term sustainability and economic growth. During a meeting with the Managing Director and senior executives of the Oil and Gas Development Company Limited (OGDCL) at the company’s head office, the minister said indigenisation […]
Petroleum Minister reaffirms support for refining sector
Federal Minister for Petroleum Ali Pervaiz Malik on Monday reiterated the government’s commitment to supporting the growth of Pakistan’s refining industry while ensuring affordable and reliable energy for consumers. He expressed these views during a meeting with a high-level delegation of Chief Executive Officers (CEOs) representing Pakistan’s leading oil refineries. The minister appreciated the industry’s […]
CM Buzdar directs price control committee to take effective measures
Lahore: Usman Buzdar, Chief Minister of Punjab has ordered the provincial price control committee to ensure successful implementation of the steps to provide relief to the people. According to an official statement, Usman Buzdar directed the administration to ensure the quality of goods as well as strict monitoring of prices of essential items in markets. […]
Mian Anjum Nisar calls for uninterrupted gas supply to industrial sector
While condemning the jump in rates of petroleum products, the Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel Chairman Mian Anjum Nisar has called for reducing tax ratio on oil products to support the trade and industry, as the government has been charging very high petroleum levy and sales tax on petroleum products. […]
Rising prices of petroleum challenged in LHC
LAHORE: The Lahore High Court (LHC) heard a case regarding the recent increase in petroleum prices on Saturday. In the pending case involving fuel prices, lawyer Azhar Siddique filed a miscellaneous application. He said that the hiking prices of petroleum would lead to a further rise in inflation, while pleading to the court to declare […]
New oil refining policy to be submitted before Federal Cabinet soon: Senate body
The Senate’s Standing Committee on Petroleum was told on Wednesday that the new oil refining policy, which mainly focused on attracting maximum investment in this sector, would soon be presented before the Federal Cabinet for its approval. The policy would allure huge investment in the oil refining sector by offering tax rebate to the local […]