Pakistan has negotiated with Iran to secure safe passage through the Strait of Hormuz for another liquefied natural gas (LNG) shipment, providing some relief to the country as it faces a growing energy crunch, Bloomberg reported on Monday. According to the report, the LNG tanker, which loaded its cargo from Qatar’s Ras Laffan facility in late June, crossed the Strait of Hormuz over the weekend
The Government of Pakistan and the European Union (EU) on Monday signed three grant agreements worth a total of €65 million to launch three programmes, i.e. the ‘Global Gateway development facilitation for Pakistan’, ‘Energy and Natural Environment Resilience in Khyber Pakhtunkhwa’ and ‘EU Support to the Rule of Law and Business Environment in Pakistan.’ According to details, this cooperation p
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, in his opening remarks at the “United Nations Digital Cooperation Day 2026 – Blockchain and the Tokenized Future: Sovereign Choices and Safeguards for Next-Gen DPI,” highlighted Pakistan’s transition towards a regulated virtual-assets framework. The Finance Minister emphasized that tokenization must address real economic need
The government has increased the ex-depot price of petrol by Rs4.61 per litre from Rs389.14 to Rs393.75 per litre, while High Speed Diesel (HSD) price reduced by Rs1.96 per litre to Rs422.08 per litre. Under the daily revision, the petroleum division issued the fuel prices for September 22, 2026. The revision in fuel prices was driven by international refined oil price fluctuations tied to t
Oil prices gained on Tuesday as the market steadied after several days of declines, with investors awaiting developments on potential US-Iran talks at the United Nations General Assembly this week. The Brent crude futures November contract gained 22 cents, or 0.22%, to $100.57 a barrel at 0021 GMT. The WTI October contract, which expires on Tuesday, crept up 2 cents, or 0.02%, to $95.8 a b