A view shows Saudi Aramco’s Manifa oilfield, Saudi Arabia, June 14, 2015.— Reuters/FileThe Middle East war triggered the world’s largest energy shock with market recovery likely to extend into 2027 even if the Hormuz blockade is lifted soon, Saudi oil giant Aramco’s CEO…
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US president mentions ‘massive’ Pakistan oil deal but no finds confirmed
A representational image of a site of MOL Pakistan Oil and Gas Company field station. — MOL Pakistan’s website/FilePakistan imports more than 80% of its oil, a drain on state coffers.No reliable proof of untapped oil reserves in Pakistan, say experts. Some small oil…
Pakistan, IMF to revise budgetary targets in light of floods’ aftermath
A man guides his herd of buffaloes along a partially submerged road in a flooded area, following monsoon rains and rising water levels of the Indus River, in Siyal village in Dadu district, Sindh province, Pakistan, September 12, 2025. — ReutersFBR’s tax target likely to be lowered…
Pakistan, EIB sign €60m declaration for Karachi sewage project
Ministry of Economic Affairs Secretary Muhammad Humair Karim and European Investment Bank Head of Division of Asia Pacific Edvardas Bumsteinas signing declaration for Karachi Water Infrastructure Framework project. — Facebook/@EUinPakistanAgreement formalises financing for water…