The LyondellBasell refinery, located near the Houston Ship Channel, is seen in Houston, Texas, US, May 5, 2019. — ReutersISLAMABAD: The oil refining sector is facing growing strain due to escalating global costs and uncertainty in policy, raising concerns among industry stakeholders…
Related Posts
Saudi Arabia announces additional $3bn financial deposit for Pakistan

Prime Minister Shehbaz Sharif and Crown Prince Mohammed bin Salman during the former’s visit to Saudi Arabia, April 15, 2026. — X@PakPMOSaudi Arabia extends existing maturity of $5 billion deposit.Riyadh announced financial support on royal directives: SPA.Reaffirms commitment to…
As US tariffs bite, India slashes consumption tax to boost domestic demand

People shop for essential goods at a supermarket in Amritsar, India, May 9, 2025.— Reuters
India tax panel approves tax cuts on hundreds of consumer items.Federal, state revenue loss estimated at 480 billion rupees.New tax rates to be implemented from September 22.
Middle East war: Global economic fallout

Smoke is seen above Dubai on March 13, 2026. — AFP
PARIS: Here are the latest economic events in the Middle East war on Friday:
Kharg Island bombed
President Donald Trump said the US heavily bombed military targets on Iran’s Kharg Island, which handles almost all of the…




