Author: Admin

Oil Market becomes hostage to Iran War

Admin
Israel-Iran

TEHRAN / WASHINGTON: Oil prices rose back above $100 and stocks sank Thursday as Iran’s attempts to hit supplies in the Middle East and bring down the global economy overshadowed a record release of strategic crude reserves by the International Energy Agency.But US President Donald Trump insis­ted that stopping Iran developing nuclear weapons was “of far greater interest and importance to me” than controlling oil prices.“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” he wrote…

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Pakistan Banned Export of Petroleum Products, Eyes Price Freeze Amid Global Hike

Admin
New-Petrol

ISLAMABAD: The government has banned the export of all petroleum products and is considering holding back any immediate increase in petroleum prices, despite continued upward movement in the global market.Instead, it plans to draw on a Rs389 billion ‘emergency fund’ to absorb future price shocks.The decision comes after the latest estimates, based on existing tax rates and pricing formula, suggest that the price of high-speed diesel (HSD) going up by Rs56 per litre and that of petrol by Rs41. Petrol and HSD are currently sold on the higher side of…

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Solar Panel Prices in Pakistan Expected to Rise Amid Regional Conflict and Policy Changes

Admin
Solar-Panels

Karachi: Price of solar panels in Pakistan is expected to reach around PKR 40 per watt due to regional conflicts, shipment delays, and rising international freight costs. The cancellation of the rebate policy effective April 1 is also likely to push prices up further. Additionally, lithium battery prices are anticipated to increase due to changes in China’s export rebate policy, impacting battery manufacturers’ export costs. If you’re considering installing a solar system, delaying your purchase might lead to higher costs in the near future. Currently, solar panel prices in Pakistan…

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FPCCI to Lead High-Profile Business Delegation toD-8 Business Conference and Halal Expo in IndonesiaAtif Ikram Sheikh, President FPCCI

Admin
New-Project101

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, will lead a high-profile business delegation to Jakarta, Indonesia from 14-16 April 2026 to participate in the D-8 Business Conference and the D-8 Halal Expo Indonesia 2026 – scheduled to be held from 14-18 April 2026. Atif Ikram Sheikh apprised that these important events are being organized on the sidelines of the forthcoming summit of the D-8 Organization for Economic Cooperation – comprising Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, Türkiye and Azerbaijan. The conference is expected to attract senior government officials; leading…

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Mohsin Ali Mangi Appointed MD & CEO of Pakistan Refinery Limited

Admin
New-Project100

KARACHI, March 12, 2026: Mohsin Ali Mangi has been appointed as the Managing Director and Chief Executive Officer (CEO) of Pakistan Refinery Limited (PRL), effective April 30, 2026, the company announced in a notice to the Pakistan Stock Exchange (PSX) on Thursday. The PRL Board of Directors approved his appointment for a three-year term, succeeding Zafar Ul Islam Usmani, who has been serving as Interim MD & CEO following Zahid Mir’s resignation in September 2025. Mohsin Ali Mangi brings over 24 years of local and international experience across diversified sectors,…

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