Birds fly over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 20, 2026. — ReutersHormuz disruption keeps global oil market on edge.US launches fresh strikes on Iranian-linked targets.Iran says Hormuz remains closed after renewed…
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Pakistan’s trade deficit surges 44% in July amid rising imports
A general view showing containers stacked at Karachi Port. — AFP/FileExports climb 16.9% year-on-year to $2.7 billion in July.Imports also surge 29.3% from a year earlier to $5.4bn.Monthly trade gap swells to $2.75bn from $2.37bn in June.
ISLAMABAD: Pakistan’s trade…
Govt slashes petrol, diesel prices by Rs22 per litre each
A representational image of a person filling petrol in a car. — Reuters/FileGovt terms reduction as “gift” to nation on Eid ul Adha.Relief was also extended to public last week: govt.Fuel prices see decline amid reduction in global oil prices.
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IMF adjusts captive gas levy formula under energy reform plan
This file photo taken on January 26, 2022, shows the seal of the International Monetary Fund in Washington, DC. — AFP
IMF revises levy calculation using average B3 tariff rates.Levy cut around 61% to nearly Rs500 per MMBtu.High gas costs force export sector consumption…