Vehicles lined up at the Pakistan State Oil petrol pump in this undated photo. — Online/FileCurrently, petroleum prices are revised on weekly basis.PM-formed committee prefers daily pricing mechanism. Model expected to be hybrid system rather than deregulation.ISLAMABAD:…
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Oil heads for weekly gain as Middle East supply risks persist

A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. — ReutersStrait of Hormuz shipping remains near standstill after fighting.Tanker traffic disrupted as shipowners assess security risks.Hormuz handled about 20% of global oil, gas…
Govt keeps petrol price unchanged for next fortnight

A worker holds a fuel nozzle to fills fuel in a car, after the government announced the increase of petrol and diesel prices, at petrol station in Karachi on September 16, 2023. — ReutersNo change in fuel prices until January 31.Petrol continues to sell at Rs253.17 per litre.Diesel…
S&P lifts Pakistan’s credit rating to ‘B’ on institutional stability, IMF reform progress

The S&P Global logo is displayed on its offices in the financial district in New York City, US, December 13, 2018. — Reuters
Credit ratings agency S&P Global raised Pakistan’s long-term sovereign credit rating to “B” from “B-” on Wednesday, citing stronger…




