Category: Highlights

Trump’s Proposed Tariffs Pose $1.4 Billion Threat to Pakistan’s Exports: PIDE

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New-Tariffs

ISLAMABAD: A state-owned think tank has warned that the United States’ proposed tariff hikes on Pakistani goods — initially announced by former President Donald Trump and now temporarily suspended — could severely damage Pakistan’s export sector, particularly textiles, risking up to $1.4 billion in annual losses. In a policy note titled “Impact of Unilateral Tariff Increase by United States on Pakistani Exports”, the Pakistan Institute of Development Economics (PIDE) cautioned that the US-imposed 29% reciprocal tariffs, when added to the existing 8.6% MFN tariff, would total nearly 38%, triggering a…

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Inverex Leads Pakistan’s Green Revolution with Electric Vehicles and Next-Gen Solar Innovations

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New-Project61

Inverex, a frontrunner in Pakistan’s solar energy sector, is making a groundbreaking leap into the electric vehicle (EV) market—becoming the first Pakistani solar company to do so. This strategic move reinforces Inverex’s mission to promote clean energy and reduce the country’s dependence on fossil fuels. The landmark announcement was made during an exclusive event in Kuala Lumpur, Malaysia, where Inverex unveiled its latest innovations to a packed audience of clean energy stakeholders, including Pakistani dealers, installers, contractors, and renewable energy advocates. The company showcased a wide range of cutting-edge products…

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OGDCL Targets 2027 for Production in ADNOC’s Offshore Block-5, Eyes Expansion in Minerals

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ISLAMABAD, April 10, 2025: Pakistan’s state-run Oil and Gas Development Company Limited (OGDCL) plans to commence production from Abu Dhabi’s Offshore Block-5 by 2027, marking a major step in its international expansion, said CEO Ahmed Hayat Lak on Wednesday. Speaking on the sidelines of the Pakistan Minerals Investment Forum 2025, Lak stated that while reserves in the ADNOC-partnered block are still under evaluation, the company anticipates production within two years. Domestically, OGDCL aims to ramp up its oil production from 37,000 to over 50,000 barrels per day and increase gas…

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Fuel Prices in Pakistan May Drop by Up to Rs12 Amid Falling Global Oil Rates

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Fuel-Price

Islamabad, April 10, 2025: Consumers in Pakistan could soon see a significant drop in fuel prices, with a potential reduction of up to Rs12 per litre in petrol and diesel, following a sharp decline in global crude oil prices, according to sources in the Petroleum Division. Brent crude oil has experienced a steep fall over the past week, currently trading at $60.12 per barrel—down from $74.74 on March 31. Although prices briefly rose to $74.95 on April 1 and 2, they have since plummeted by more than $14 per barrel.…

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Pakistan and Turkiye signed a joint bidding agreement to jointly participate in offshore bid round of Pakistan

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ministry-of-pakistan

Minister for Petroleum Ali Pervaiz Malik and Alparslan Bayraktar, Minister of Energy and Natural Resources of Turkiye witnessed the signing ceremony. In a significant development, Pakistan and Turkiye have stepped into cooperation in oil and gas exploration. On the sideslines of Pakistan Minerals Investment Forum 2025, Pakistan and Turkiye have signed a joint bidding agreement to jointly participate in offshore bid round of Pakistan.In February 2025, the Government of Pakistan announced an offshore block bid round, offering forty (40) offshore blocks in the Makran and Indus basins for the grant…

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