Category: Latest News

IMF-Pakistan Budget Dispute Delays Federal Budget 2025-26 Announcement

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ISLAMABAD:The announcement of Pakistan’s Federal Budget 2025-26 has been delayed from June 2 to June 10 due to key disagreements with the International Monetary Fund (IMF) over budgetary targets, particularly subsidy allocations, the Finance Ministry confirmed on Monday. Speaking during a meeting of the Sub-Committee of the National Assembly Standing Committee on Commerce, chaired by Khurshid Ahmed Junejo, Joint Secretary (Corporate Finance) Sajjad Azhar outlined ongoing challenges in finalizing the budget, citing IMF restrictions under the Extended Fund Facility (EFF). “The IMF has placed a cap on subsidies, and the…

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CPEC 2.0: Driving Innovation and Unlocking Pakistan’s Mining Sector Potential

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CPEC-IPPs

BEIJING: China-Pakistan Economic Corridor (CPEC) Phase-II is poised to unlock Pakistan’s immense mining sector potential, said Bilal Mahmood Chaudhary, Deputy Head of Mission at Pakistan’s Embassy in Beijing, during his keynote at the 4th Asia Mining Innovation and Development Summit. Chaudhary highlighted Pakistan’s mineral wealth, including 186 billion tons of coal, 5 million tons of copper, 400 tons of gold at Reko Diq, and 500 million tons of iron ore. He emphasized that under CPEC 2.0, which focuses on value addition and downstream processing, Pakistan is set to become a…

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🔺 Petroleum Exports Soar 118% Amid Rising Crude Imports and Local Refinery Output

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Oil-Price

ISLAMABAD: Pakistan witnessed a remarkable increase in petroleum product exports during the first 10 months of the current fiscal year (10MFY25), marking a surge of 118.7% to \$492.04 million, up from \$224.97 million in the same period last year, according to the Pakistan Bureau of Statistics (PBS). Crude oil imports climbed 14.9% to 8.489 million tonnes compared to 7.388 million tonnes in the corresponding period of the previous fiscal year. This uptick in crude imports enabled local refineries to enhance output and significantly increase petroleum product exports. Preliminary estimates suggest…

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Oil steadies after Trump extends EU trade talks deadline

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Oil falls

LONDON: Oil prices traded around flat on Monday after U.S. President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about U.S. tariffs on the bloc that could hit fuel demand. Brent crude futures were unchanged at $64.78 a barrel by 1234 GMT while U.S. West Texas Intermediate crude slipped 4 cents to $61.49 a barrel. Both contracts had traded higher earlier in the session after Trump said he agreed to extend a deadline for trade talks with the European Union until July 9. “Trump’s…

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GoodWe Unveils New GT Series String Inverter to Boost Commercial Solar in Pakistan High Performance. Rugged Reliability. Smarter Savings for C&I Growth

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New-Goodwe

Lahore, Pakistan – May 2025: GoodWe, a global leader in solar energy solutions, is proud to introduce its next-generation GT Series String Inverter to the commercial and industrial (C&I) segment in Pakistan. Designed to meet the growing energy demands of local enterprises, the GT Series delivers unmatched efficiency, safety, and cost savings — offering a future-ready path to energy independence and operational resilience. Purpose-Built for Pakistan’s Energy Landscape With consistent power outages, rising electricity costs, and increasing pressure on businesses to adopt sustainable practices, the GT Series is tailored for…

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