Author: Admin

KARACHI: Pakistan’s petroleum exports demonstrated resilience during the first ten months of FY2025-26, with strong shipments of fuel oil, naphtha, and condensate products despite volatility in international energy markets. According to the latest export data, major export terminals, including Keamari and FOTCO, maintained steady operations throughout the July 2025-April 2026 period, supporting robust export performance across multiple petroleum products. High Sulphur Fuel Oil (HSFO) remained the country’s leading petroleum export, with total shipments exceeding 1.22 million metric tonnes. Export activity peaked in August 2025, while October and November also recorded…

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KARACHI: Chinese Consul General Yang Yundong has said that the 75th anniversary of diplomatic relations between Pakistan and China symbolizes far more than formal ties, representing decades of trust, sincerity, and unwavering mutual support between the two countries. Addressing a ceremony held at the Arts Council of Pakistan to commemorate 75 years of Pakistan-China diplomatic relations, Yang Yundong emphasized that both nations have stood by each other through every challenge. “China and Pakistan have stood together in every difficult time. This enduring support has made the friendship between our two…

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WASHINGTON: The heads of the International Energy Agency (IEA), the International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO) have warned that the ongoing conflict in the Middle East is placing significant strain on global energy supplies and disproportionately impacting vulnerable economies. The US-Israel war involving Iran has disrupted international trade, unsettled financial markets, and heightened concerns over global energy security, particularly due to risks surrounding the Strait of Hormuz — a critical maritime corridor for global oil and gas shipments. In a joint statement issued…

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ISLAMABAD: President Asif Ali Zardari has summoned separate sessions of the National Assembly and Senate on June 5 for the presentation of the Federal Budget 2026-27. According to a statement issued by the President’s Office, the National Assembly session will commence at 5:00 pm, followed by the Senate session at 6:00 pm on the same day. Ahead of the budget presentation, Prime Minister Shehbaz Sharif has convened a special federal cabinet meeting on the morning of June 5 to approve the budget proposals. Federal Minister for Finance and Revenue Muhammad…

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Karachi: Sindh Chief Minister Syed Murad Ali Shah on Friday held a meeting with Bolorma Amgaabazar, Country Director of the World Bank, to review progress on Karachi’s water supply and infrastructure development initiatives, with a particular focus on the K-IV water augmentation project. According to a statement issued by the Chief Minister House, Murad Ali Shah said that the Sindh government, in collaboration with the World Bank, is committed to establishing a modern, efficient, and sustainable water supply system for Karachi. He described the K-IV project as a critical initiative…

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