Pakistan State Oil Co. Ltd. (PSO), Pakistan’s primary oil marketing business, continues to dominate the energy industry, posting the highest-ever nine-month profit after tax of Rs. 64.8 billion, up 690 percent or 6.9x over the same time previous year.In the preceding 9MFY21, it made a profit of Rs. 18.2 billion,Read More →
WARSAW, Poland (AP) — Poland launched measures Wednesday to phase out all Russian oil imports by the end of 2022, as Germany issued a warning about natural gas supplies and urged users to save energy in a hint of rising economic tensions in Europe over Russia’s conflict in Ukraine. Poland’sRead More →
RIYADH, Saudi Arabia (AFP) – Saudi Aramco announced on Sunday that its net profit for 2021 increased by more than 120 percent owing to higher crude prices, as global economic growth rebounded from a pandemic-induced dip. The declaration came just hours after Yemen’s Huthi rebels, against whom Saudi Arabia leadsRead More →
Pakistan’s exports increased by 32.7 percent in the first eight months of the current fiscal year compared to the same period previous year in currency terms According to the Pakistan Bureau of Statistics, exports for July-February (2021-22) totaled 3.52 trillion rupees, compared to 2.65 trillion rupees during July-February 2020-21.Read More →
ISLAMABAD, Pakistan (APP) – Federal Minister for Finance and Revenue Shaukat Tarin met with a team from the Pakistan Pharmaceuticals Association (PPMA) led by its chairman, Qazi M Manzoor, on Tuesday in Islamabad. According to a ministry news statement, the PPMA chairman praised the finance minister for addressing the concernsRead More →
To combat smuggling between Iran and Pakistan, the Federal Board of Revenue (FBR) has designated the Bazarcha Border Terminal in Taftan as a customs port for the clearance of import/export products between the two countries.According to a notification issued by the FBR on Tuesday, the FBR has proclaimed Bazarcha BorderRead More →
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