Indian transport companies Air India and Indigo are facing increasing fuel costs and longer flying periods after Pakistan imposed a ban on the airspace on Indian Airlines amid escalating tensions linked to a militant attack in Kashmir. The closure, which does not apply to international airlines, forced Indian carriers to start redirecting many major international … Read more
Islamabad: In light of the emerging regional security situation, the Petroleum Department directed all oil refineries in countries and marketing companies to promote production urgently and ensure the provision of the main petroleum products to support the operational readiness of the defense forces. In “more urgent” directives dated April 23, 2025, the Ministry of Energy … Read more
Kuwait Foreign Petroleum Company (KFPEC), a long -term player in the energy market in Pakistan, has confirmed its participation in the upcoming foreign bidding round. A high -level meeting was held between the Federal Minister of Petroleum, Ali Berfiz Malik and Ali Tahit Timimi, the rural director of Kufpec and the head of the Pakistan … Read more
Rice exports in Pakistan increased by 21.78 % in the first nine months of the fiscal year 2024-25 (July to March), with total exports exceeding 773,000 tons of the previous year, according to the latest data. The rice sector showed noticeable flexibility in the face of global turmoil in the market and the harsh competition, … Read more
Pak Elektron Limited (Pel) has announced the expansion of its strategic partnership with Panasonic to provide distinguished LED solutions in Pakistan. The company said in a notice to the Pakistan Exchange (PSX) on Monday that this partnership aims to meet the increasing demand for advanced visual experiences in the country. The partnership is expected to … Read more
Federal Interior Minister Mohsen Naqafi announced that Saudi citizens no longer ask for a visa to travel to Pakistan. During his visit to the Saudi embassy, ​​he was announced in the pocket of Islamabad diplomat, where he met the Saudi Ambassador Nawaf bin Saeed Ahmed Al -Maliki. The high -level meeting focuses on strengthening cooperation … Read more
Islamabad-Vice Prime Minister of the United Arab Emirates and Minister of Foreign Affairs, Sheikh Abdullah bin Zayed, arrived in Pakistan on Sunday for a two-day official visit aimed at deepening bilateral cooperation, especially in trade, investment and energy. Upon his arrival at Islamabad, the Minister of Foreign Affairs, Isaac, received a statement issued by the … Read more
Islamabad: Crude food exports in Pakistan increased by 1.62 % to 5.75 billion dollars during the first nine months of the current fiscal year, compared to $ 4.66 billion in the same period last year. This increase was primarily driven by higher charges of sugar and basmati rice, despite the challenges of continuous food inflation … Read more
The International Monetary Fund (IMF) highlighted many of the main challenges of governance in Pakistan, noting that the country’s civil service is strongly politicized, accountability mechanisms are weak, and that anti -corruption policies are inconsistent. The International Monetary Fund has warned that these issues contribute to the broader weaknesses and increase the risk of corruption, … Read more
Islamabad: Pakistan is expected to increase the defense budget by 159 billion rupees for the next fiscal year 2025-1025, which amounts to the total allocation to 281 billion rupees, according to a report issued by Express News. Official sources indicate that the proposed budget represents an increase of 7.49 % compared to the allocation of … Read more