Author: Admin

PSO Gets Bids for 1.1 Lakh Tons Petrol, Diesel Import Talks Hit Snag

Admin
pso

Pakistan State Oil (PSO) has received bids from international traders for two petrol cargoes, each weighing 55,000 metric tons with a 92 RON rating, amid tensions in the Strait of Hormuz. OQ Trading submitted the lowest bid with a Cost and Freight (CFR) premium of $17.8 per barrel for the first cargo, while Be Energy SA offered $22 per barrel. For the second cargo, OQ Trading bid $19.5 per barrel, and Be Energy SA offered $23.5 per barrel. However, the lowest bids for both cargoes are considered relatively high. The…

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“OGRA Denies LPG Price Hike Rumors, Says Official Rates Still Apply”

Admin
OGRA

The Oil and Gas Regulatory Authority (OGRA) clarifies that Liquefied Petroleum Gas (LPG) prices are officially notified by the Authority once every month, effective from the 1st day of the month in accordance with the prescribed pricing mechanism. At present, no new LPG price notification has been issued by OGRA, and therefore any claims or rumours regarding an increase in LPG prices are incorrect. The general public is advised that OGRA’s notified price remains applicable, and consumers should ensure that LPG is being sold in accordance with the officially notified…

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KPT and Private Terminals Waived 100% Demurrage on Auctionable Containers to Ease Port Congestion

Admin
New-KPT

Karachi, 9th March 2026 — The Karachi Port Trust (KPT), in coordination with its private container terminals, has taken a significant step to alleviate port congestion by waiving demurrage charges on auctionable and auctioned containers, provided they are cleared within seven days of auction. The decision was reached following constructive engagement between KPT and the private terminal operators, reflecting a collaborative approach to improving operational efficiency at the port. The initiative is expected to facilitate Pakistan Customs in expediting the clearance of long-pending containers while providing relief to the trade…

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FBR forms committee to implement additional austerity measures

Admin
fbr

Islamabad (Tanveer Hashmi): The Federal Board of Revenue (FBR) has formed a committee to implement additional austerity measures. The committee includes Chief Admin Finance, Chief IR Operations, and Chief Customs Operations. The decision was made during a meeting of all field office heads chaired by FBR Chairman Rashid Mahmood Langrial. The committee will ensure implementation of all austerity measures announced by the federal government. The Chief Operations will ensure that 60% of official vehicles in field offices are grounded and parked at headquarters and Director Generals’ offices immediately.

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Iran-US conflict costs US Treasury $10.35 billion in 10 days

Admin
New-Project96

Karachi (Rafiq Mangat): The ongoing conflict with Iran has cost the US Treasury a staggering $10.35 billion (approximately Rs 28.94 trillion) in just 10 days, with the initial 2 days accounting for $5.6 billion (Rs 15.65 trillion) worth of ammunition. Reports indicate the US is spending an average of $1.43 billion (Rs 4 trillion) daily on the conflict. The US has used over 2,000 precision-guided munitions, including Tomahawk missiles costing $2 million (Rs 560 million) each, targeting over 5,000 sites. Daily costs include $59 million (Rs 16.5 billion) for military…

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