Author: Admin

Petrol, Diesel Prices Set to Rise Again for First Fortnight of November

Admin
Petrol-Diesel

Islamabad, October 30, 2025 – Petrol and high-speed diesel (HSD) prices are likely to increase by around Rs1.5 per litre for the first fortnight of November, following slight fluctuations in international oil prices, according to industry sources. Based on current tax rates, the ex-depot price of HSD is expected to rise by about Rs1.4 per litre (0.5%), while petrol could see an increase of roughly Rs1.5 per litre, effective from November 1 to 15. Since June 1, petrol prices have surged by nearly Rs10 per litre and diesel by Rs20…

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Trump, Xi Strike Landmark Deal on Tariffs and Rare Earth Exports

Admin
New-Project85

Busan, October 30, 2025 – U.S. President Donald Trump announced on Thursday that he had reached a breakthrough agreement with Chinese President Xi Jinping to ease trade tensions, marking their first in-person meeting since 2019. Speaking after nearly two hours of face-to-face talks in the South Korean city of Busan on the sidelines of the APEC Summit, Trump said the United States would reduce tariffs on Chinese goods in exchange for Beijing resuming U.S. soybean imports, continuing rare earth exports, and tightening its crackdown on fentanyl trafficking. The meeting concluded…

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Pakistan Receives First-Ever US Crude Oil Shipment at Cnergyico Terminal

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New-Cnergyico

Karachi, October 30, 2025 – In a landmark development for Pakistan’s energy sector, the country has received its first-ever shipment of crude oil from the United States, marking a new chapter in Pakistan–US trade relations. The vessel MT Pegasus, carrying one million barrels of West Texas Intermediate (WTI) crude, docked at Cnergyico’s Single Point Mooring (SPM) terminal off the coast of Balochistan. This milestone also sets a national record as the largest oil tanker ever to berth at a Pakistani port. Industry officials hailed the arrival as a strategic move…

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OGDC announces Financial Results for the Quarter ended September 30, 2025; Declares Highest-Ever First Quarter Dividend of Rs 3.50 per Share

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ogdc-new

ISLAMABAD, October 29, 2025: The Board of Directors of Oil & Gas Development Company Limited (OGDC), in its meeting held on Wednesday, October 29, 2025, in Islamabad, announced the financial results for the quarter ended September 30, 2025, and declared a first interim cash dividend of Rs 3.50 per share (35%) — the highest first-quarter dividend in the Company’s history. OGDC posted net sales revenue of Rs 96.192 billion and profit after tax of Rs 38.305 billion, translating into earnings per share (EPS) of Rs 8.91. During the period, the…

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POL Posts Rs5.4bn Profit in Q1 Despite Decline in Sales

Admin
New-POL

KARACHI: Pakistan Oilfields Limited (POL) has reported a robust Rs5.4 billion profit for the first quarter ended September 30, 2025, marking a 2.1-fold year-on-year increase, despite a drop in sales revenue. The earnings translate into an earnings per share (EPS) of Rs19.13, though quarterly profit was down 27% compared to the previous quarter. According to the company’s financial statement, net sales fell 15% year-on-year to Rs13.1 billion, primarily due to lower oil and gas production volumes and a 14% decline in average crude oil prices. However, sales improved 7% quarter-on-quarter,…

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