Author: Admin

Oil Sector Digitisation Deadline Extended to March 23, 2027

Admin
Petroleum-Sector

# Oil Sector Digitisation Deadline Extended to March 23, 2027 **ISLAMABAD:** The government has extended the deadline for achieving digitisation targets in the oil sector to **March 23, 2027**, effectively delinking petroleum dealers’ margins from the immediate completion of the digitisation process. The decision was taken by the **Economic Coordination Committee (ECC)** during deliberations on a Petroleum Division proposal concerning the revision of dealers’ margins on Motor Spirit (MS) and High-Speed Diesel (HSD). The ECC approved an increase of **Rs1.34 per litre in petroleum dealers’ margins**, based on the annual…

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US $10bn Facility to Support Market-Based Financing, Not a Loan: Aurangzeb

Admin
New-Project23

# US $10bn Facility to Support Market-Based Financing, Not a Loan: Aurangzeb **ISLAMABAD:** Finance Minister Muhammad Aurangzeb has clarified that Pakistan’s proposed **$10 billion facility from the United States would not be a loan or credit line**, but a mechanism aimed at strengthening currency and exchange-rate stability and enabling the country to raise longer-term financing from international capital markets. Speaking to the media after launching a simplified tax scheme for small traders, Aurangzeb said Pakistan was awaiting a response from the **US Treasury by the end of September** regarding its…

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Trump Threatens ‘Tremendous’ Economic Punishment for Countries Doing Business with Iran

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Donald-Trump

# Trump Threatens ‘Tremendous’ Economic Punishment for Countries Doing Business with Iran **WASHINGTON:** US President Donald Trump has announced a major new campaign to isolate Iran economically, warning that any country, financial institution or business providing support to Tehran could face what he described as **“tremendous” economic consequences**. The announcement comes as the US-Iran conflict approaches its sixth month, with the **Strait of Hormuz remaining heavily disrupted** and no clear diplomatic or military resolution in sight. Trump said the United States was launching what he called the **“most crushing economic…

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Diesel Price Cut by Rs32.63, Petrol Rises by Rs2.97 Per Litre

Admin
New-Project22

# Diesel Price Cut by Rs32.63, Petrol Rises by Rs2.97 Per Litre The government has slashed the price of high-speed diesel (HSD) by **Rs32.63 per litre**, while increasing petrol prices by **Rs2.97 per litre**, following what officials described as successful talks with oil refineries. Under the latest revision, effective **August 20 (Thursday)**, petrol will be available at **Rs337.51 per litre**, while HSD will cost **Rs363.06 per litre**. The government continues to impose **Rs114 per litre in taxes and duties on petrol** and **Rs100 per litre on diesel**. The sharp reduction…

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MAL Pakistan & HASCOL Forge Strategic Partnership to Expand Mobil™ Lubricant Retail Network in Pakistan

Admin
New-Project21

# **MAL Pakistan & HASCOL Forge Strategic Partnership to Expand Mobil™ Lubricant Retail Network in Pakistan** **KARACHI:** MAL Pakistan Limited, Marketing Alliance of ExxonMobil Lubricants & Specialties, and Hascol Petroleum Limited have entered into a Strategic Collaboration Agreement aimed at reshaping Pakistan’s lubricant retail landscape and making premium Mobil™ lubricants more accessible to consumers nationwide. The agreement brings together Mobil’s globally recognized lubricant technology, backed by more than a century of innovation and expertise, with HASCOL’s extensive retail network of more than **650 service stations** across Pakistan. The collaboration is…

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