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Govt says fully focussed on energy supplies
LAHORE: Federal Minister for Petroleum Ali Pervez Malik on Sunday said that a summary had also been submitted to the federal cabinet to facilitate the import of LPG from abroad so that consumers…
Business RecorderIranian minister quits, replaced by oil executive
TEHRAN: Iran’s oil minister Mohsen Paknejad has resigned and been replaced by the country’s top oil executive, the president’s office said in a statement on Sunday, amid a blockade on Tehran’s oil…
Business RecorderWheat, sugarcane: KBP demands announcement of support prices
LAHORE: The Kissan Board Pakistan (KBP) has demanded immediate announcement of support prices of Rs 5,000 per 40kg for wheat and Rs 700 per 40kg for sugarcane, warning that farmers would launch…
Business Recorder
Petrol Relief Unaffordable: Petroleum Minister
Federal Petroleum Minister Ali Pervez Malik on Sunday said the federal government cannot continue providing unconditional subsidies on expensive petrol
ProPakistani325 million barrels of oil from strategic reserves released: IEA
PARIS: The International Energy Agency said Saturday that member countries had so far released 325 million barrels of oil and oil-derivative products from strategic reserves, from 400 million…
Business Recorder
G7 countries agree on release of diesel and oil stocks after US pressure
French President Emmanuel Macron speaks following a video conference with G7 leaders from the Elysee Presidential Palace in Paris on October 2, 2026.
Geo NewsOil prices drop as Europe agrees to release diesel reserves
HOUSTON: Oil prices fell $2 after European leaders agreed on Friday to a request by US President Donald Trump to release diesel from their reserves to lower prices and reduce the need to import fuel…
Business Recorder
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