Author: Admin

Oil prices jump as Israel-Iran conflict enters seventh day

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Oil falls

CALGARY: Oil prices rose on Thursday after Israel and Iran continued to exchange missile attacks overnight and U.S. President Donald Trump’s stance on the conflict kept investors on edge. Brent crude futures rose $1.60, or 2.1%, to $78.29 a barrel by 1030 ET. U.S. West Texas Intermediate crude for Julywas up $1.64, or 2.1%, at $78.34. Brent had surged to its highest in nearly five months at $78.50 on June 13, when Israel began its attacks. Trading volumes were light on Thursday due to a U.S. federal holiday. The conflict…

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Federal budget 2025 – 26FPCCI Rejects Excessive Authorities Given to Tax Officials Atif Ikram Sheikh, President FPCCI

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Federal budget 2025

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has informed that FPCCI rejects the excessive, overly-subjective and harassment-prone authorities given to the tax officials in the Federal Budget 2025 – 26. We also reject the authority of the taxmen enabling them to withdraw from the business accounts and raid the business premises without a notice, he added. Atif Ikram Sheikh demanded that the federal government must take back these harsh measures, before the federal budget is passed to have the confidence of the business community. He added that the tax collection…

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Pakistan Showcases Mining Sector Reforms at St. Petersburg International Economic Forum, Attracts Global Investor Interest

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Pervaiz-Malik

Federal Minister for Petroleum,Ali Pervaiz Malik, presented the country’s transformative mining sector reforms during a high-level panel discussion titled “The Responsibility of World Leaders for Mineral Reserves and Production for the Sustainable Development of Global Economy” at the St. Petersburg International Economic Forum (SPIEF) 2025. The minister highlighted Pakistan’s recently launched Mining Framework Policy and the completion of Feasibility Study of Reko Diq Mine as key milestones in creating an investor-friendly environment for sustainable mineral development. He underscored the success of Pakistan Minerals Investment Forum that took place in Islamabad…

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Pakistan Russia Energy Ministers Advance the Energy ties, Minister Ali Pervaiz invites Russian Company to invest in Minerals

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New-Project38

The Federal Minister for Energy Mr. Ali Pervaiz Malik, is visiting Russia, leading a delegation to participate in International Economic Forum 2025 being held in St. Petersburg, Russia from 18-21 June 2025. 2.    On the sidelines of the forum, the Minister held meetings with his counterpart and Chair of Pakistan-Russia Inter Governmental Commission (IGC) and Minister of Energy Mr. Sergei Tsivilev. During the meeting both sides held detailed discussions on areas of cooperation between two countries including energy, connectivity, trade and investment, banking and insurance, mining and people to people…

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ARL Inks Agreement with Italian Firm STP for Refinery Upgrade FEED and Consultancy

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New-ARL

ISLAMABAD – Attock Refinery Limited (ARL) on Wednesday signed a key agreement with Italy-based STP Studi Technologie Progetti for Front End Engineering Design (FEED) and Project Management Consultancy (PMC) for its major refinery upgradation project. The agreement was signed by ARL CEO Adil Khattak and STP CEO Carlo Gustavo Lombardi, marking a significant step towards enhancing ARL’s operational efficiency and commitment to environmentally friendly fuel production, according to a press release. The upgradation project, estimated to cost up to \$600 million, aims to boost product quality and compliance with modern…

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