Author: Admin

Govt Moves to Ensure Crude Supply to ARL; Freight Likely Set at Rs1,490/Barrel

Admin
Crude supply

ISLAMABAD: In a bid to address supply shortfalls and bolster fuel production for the armed forces, the Petroleum Division has initiated measures to secure the transport of 5,000 barrels per day (BPD) of crude oil from the Naimat oilfield in Sindh to Attock Refinery Limited (ARL) in Rawalpindi. A summary proposing the freight rate at Rs1,490 per barrel for transporting condensate from United Energy Pakistan’s (UEP) Naimat field has been submitted to the Economic Coordination Committee (ECC). Although the proposal was not considered in the ECC’s Tuesday meeting, it is…

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Oil Industry Ensures Jet Fuel Supply, Emergency Preparedness Amid Pakistan-India Tensions: OCAC

Admin
Oil falls

KARACHI: Amid heightened tensions between Pakistan and India, the country’s oil sector activated emergency response protocols to ensure uninterrupted supplies of JP8 jet fuel and maintain national energy security, the Oil Companies Advisory Council (OCAC) revealed in a communication to authorities. In a letter to the Director General (Oil), Petroleum Division, and the Chairperson of the Oil and Gas Regulatory Authority (Ogra), OCAC outlined the proactive measures undertaken by the industry to safeguard critical petroleum supplies and infrastructure during the sensitive period. OCAC highlighted that, in light of the prevailing…

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Pakistan Receives Over $1 Billion from IMF Under Extended Fund Facility

Admin
IMF-demand

KARACHI: The State Bank of Pakistan (SBP) confirmed on Wednesday that Pakistan has received over \$1.023 billion from the International Monetary Fund (IMF) as the second tranche under the 37-month Extended Fund Facility (EFF). This disbursement follows the IMF Executive Board’s completion of the first review of Pakistan’s economic performance under the EFF during its May 9, 2025 meeting. The Board approved the immediate release of SDR 760 million—approximately \$1.023 billion—bringing total disbursements under the facility to \$2.1 billion since its approval in July last year. The SBP noted that…

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Pakistan-India Talks Likely in Saudi Arabia with US, Saudi Mediation

Admin
pak-ind

ISLAMABAD: Diplomatic sources have revealed that Pakistan and India are expected to engage in high-level talks in Saudi Arabia, with mediation by the United States and Saudi Arabia. The discussions are likely to focus on the long-standing Kashmir dispute and the Indus Waters Treaty (IWT) — two of the most contentious issues between the nuclear-armed neighbors. This initiative comes amid renewed efforts led by US President Donald Trump and Secretary of State Marco Rubio, who recently facilitated a preliminary agreement to resume dialogue following heightened tensions between the two countries.…

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