Business & Commerce


Oil Prices Fall 2% as Hormuz Shipments Resume Despite Vessel Incident Near Oman

Oil Prices Fall 2% as Hormuz Shipments Resume Despite Vessel Incident Near Oman

LONDON: Global oil prices declined by around 2% after crude shipments through the Strait of…

By
Mabruka Khan
15,000 Used Cars Given Clearance Window Under Government Relief Measure

15,000 Used Cars Given Clearance Window Under Government Relief Measure

KARACHI: The government has granted a clearance window for nearly 15,000 imported used vehicles, allowing…

By
Mabruka Khan
Equities End Short Trading Week Higher Despite Market Volatility

Equities End Short Trading Week Higher Despite Market Volatility

KARACHI: Pakistan's equity market ended the shortened trading week on a positive note despite experiencing…

By
Mabruka Khan
Editorial: FY2026-27 Budget Prioritizes Growth but Falls Short on Structural Reforms

Editorial: FY2026-27 Budget Prioritizes Growth but Falls Short on Structural Reforms

ISLAMABAD: The federal budget for FY2026-27 has been widely viewed as an effort to stimulate…

By
Mabruka Khan
ISLAMABAD: Pakistan may once again consider importing crude oil from Iran following a temporary easing of certain U.S. sanctions, a development that could provide the country with an alternative energy source and help reduce its import costs. According to reports, the temporary relaxation of sanctions has renewed discussions over the feasibility of importing Iranian crude, particularly as Pakistan seeks affordable energy supplies to ease pressure on its economy. Iran, which shares a border with Pakistan, has long been viewed as a potential supplier due to lower transportation costs and geographical proximity. Energy experts say access to Iranian oil could help Pakistan diversify its import sources, improve energy security, and reduce the burden of high fuel import bills. However, they caution that any move toward importing Iranian crude would require careful consideration of international sanctions, legal obligations, payment mechanisms, and diplomatic implications. Officials have not announced any formal agreement or immediate plans to resume oil imports from Iran. Instead, the recent sanctions relief has reopened policy discussions regarding future energy cooperation between the two neighboring countries. Analysts note that Pakistan continues to explore multiple options to strengthen its energy sector while maintaining balanced diplomatic relations with key international partners. They believe any decision on Iranian oil imports will depend on the scope and duration of sanctions relief, economic viability, and government policy. If implemented, Iranian oil imports could contribute to lowering Pakistan's energy costs, improving fuel supply stability, and supporting broader efforts to manage the country's external account challenges.

Iranian Oil Option Reopens for Pakistan After Temporary Easing of US Sanctions

ISLAMABAD: Pakistan may once again consider importing crude oil from Iran following a temporary easing…

By
Mabruka Khan
President Zardari Gives Assent to Finance Bill, Approves Rs18.8 Trillion Budget for FY2026-27

President Zardari Gives Assent to Finance Bill, Approves Rs18.8 Trillion Budget for FY2026-27

ISLAMABAD: President Asif Ali Zardari has formally given assent to the Finance Bill 2026, paving…

By
Mabruka Khan
Tasdeeq Set for Pakistan Stock Exchange Debut

Tasdeeq Set for Pakistan Stock Exchange Debut

KARACHI: Pakistani technology and digital verification company Tasdeeq is preparing to make its debut on…

By
Mabruka Khan
National Assembly Approves Over Rs500 Billion in Supplementary Grants for FY25, Rs475 Billion for FY26

National Assembly Approves Over Rs500 Billion in Supplementary Grants for FY25, Rs475 Billion for FY26

ISLAMABAD: The National Assembly has approved supplementary budgetary grants exceeding Rs500 billion for the fiscal…

By
Mabruka Khan