Amidst the unabated smuggling of Iranian diesel, the Ministry of Interior recently sought a month-wise seizure report of smuggled petroleum, oil and lubricants from the Federal Board of Revenue (FBR).
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After months long delay in the revival of International Monetary Fund (IMF) programmed Pakistan now aims to address the concerns raised by the Washington-based lender before implementing the proposed fuel subsidy plan, Bloomberg reported Tuesday.
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Following the suspension of mobile broadband services in Pakistan on Tuesday, telecom operators have so far reported a loss of Rs820 million, with the government losing around Rs287 million in tax revenue, a source in the telecom industry told Business Recorder.
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Given the high stakes geopolitical game in which the world finds itself following Russia’s invasion of Ukraine last year, it would be naïve to be believe that anything as high-profile as Iran’s seizure of oil tankers in and around
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Concerns about the economy and new banking sector jitters have sent oil traders rushing for the exits and cutting their bullish bets on crude oil again. As more speculators leave the market – with open interest in U.S. crude oil futures at its lowest in three years – prices are set for more extreme volatility.
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