Aaj News

Business & Economy

Oil prices fall $1 as SVB collapse spooks financial markets

Brent, WTI fall more than $1 in Asia morning

Published 14 Mar, 2023 09:26am

Business & Economy

Oil prices tick up on China demand and weaker dollar

A weaker greenback makes oil cheaper for holders of other currencies

Published 13 Mar, 2023 11:35am

Business & Economy

Saudi Aramco reports ‘record’ $161b profit for 2022

Its net income for 2022 was up 46% from $110 billion in 2021

Published 12 Mar, 2023 02:43pm

Business & Economy

Oil set for weekly gain as China demand optimism trumps recession fears

Brent crude futures fell 31 cents, or 0.4%, to $84.44 a barrel

Published 03 Mar, 2023 11:36am

Business & Economy

Pakistan cuts price of petrol by Rs5

High speed diesel prices remain unchanged, Kerosene oil and LDO prices decreased

Updated 01 Mar, 2023 12:02am

Business & Economy

Oil prices forcing people to get rid of vehicles

Dollar shortage and ban on LCs have also contributed to decline in car sales

Published 15 Feb, 2023 10:25am

Business & Economy

Russia will sell oil to Pakistan at market-based price: envoy

Danila Ganich says work on gas pipeline could start ‘pretty fast’ depending on conclusion of agreements

Updated 15 Feb, 2023 01:33am

Pakistan

Dar announces plans for mini-budget with Rs170 billion in new taxes

Says IMF recommendations are in Pakistan's interest

Updated 10 Feb, 2023 05:58pm

Pakistan

OGRA identifies 19 illegal fuel storages in Punjab

Many cities in Punjab are seeing oil shortages

Published 08 Feb, 2023 05:11pm

Business & Economy

Russian petrol to be ‘sent to Pakistan’ as EU import ban looms

Foreign Minister Bilawal due to meet Russian counterpart Lavrov on Jan 30

Updated 28 Jan, 2023 11:44am

Pakistan

Pakistan moves closer to buying cheaper Russian crude oil supplies

Both countries in final stages of sorting out supply hiccups

Updated 21 Jan, 2023 03:17pm

Business & Economy

Petrol prices to remain unchanged till Jan 31: Dar

Petrol to cost Rs214.80, diesel Rs227.80, kerosene oil Rs171.83 and light diesel oil Rs169 per litre

Updated 15 Jan, 2023 05:13pm

Business & Economy

Oil steady as clarity on Fed rate hike awaited

Fed policymakers say fresh inflation data will help them decide whether they can slow pace of interest rate hikes

Published 10 Jan, 2023 02:08pm

Business & Economy

Oil rises on demand optimism as China borders reopen

China reopens borders in final farewell to zero-Covid; Hopes of slower US interest rate hikes boost risk sentiment

Updated 09 Jan, 2023 02:29pm

Business & Economy

Afghanistan’s Taliban administration in oil extraction deal with Chinese company

Investment would increase to $540 million in three years for the 25-year contract, says Zabihullah Mujahid

Published 05 Jan, 2023 11:18pm

Business & Economy

Oil rebounds after biggest drop in decades at start of year

Big declines in the previous two days were driven by worries about a global recession

Published 05 Jan, 2023 04:03pm

Business & Economy

Oil slides on worries on China, IMF slow-growth expectations

Market can’t expect rapid recovery of Chinese economy after three years of Covid curbs, says analyst Leon Li

Published 03 Jan, 2023 10:32am

Business & Economy

Gulf equities ring in new year on mixed note as oil, recession worries weigh

2023 is going to be a tough year, warns IMF

Published 02 Jan, 2023 03:50pm

Business & Economy

Russia bans oil sales to countries that accept price cap

Putin would have authority to overrule the measures in special cases

Published 27 Dec, 2022 11:55pm

Pakistan

Karak invents deadly kitchen jugard by scavenging for gas

Gas-filled balloons can turn into a ball fire at a moment's notice

Published 27 Dec, 2022 06:37pm

Business & Economy

Oil, gas reserves discovered in Dera Ismail Khan

Discovery will positively contribute to mitigating energy demand and supply gap

Published 27 Dec, 2022 06:19pm

Business & Economy

Oil prices climb on easing China Covid curbs, concerns over US storm impact

Brent crude was up 88 cents, or 1.1 per cent, at $84.80 a barrel

Published 27 Dec, 2022 09:40am

Business & Economy

S&P downgrades Pakistan’s credit rating on weakening of several metrics

Long-term sovereign credit rating lowered to “CCC+” from “B-“

Published 23 Dec, 2022 03:59pm

Business & Economy

Oil climbs on expected drop in Russian exports, offsets US storm impact

Brent crude rose 88 cents, or 1.1 per cent, to $81.86 a barrel

Published 23 Dec, 2022 03:51pm

World

Putin says Russia wants end to war in Ukraine

White House says Russian president has shown 'zero indication that he is willing to negotiate'

Published 23 Dec, 2022 02:01pm

Business & Economy

OGDC discovers oil and gas reserves from its exploratory well in Sindh

The company says discovery shows its aggressive exploration strategy

Published 19 Dec, 2022 04:39pm

Business & Economy

Oil climbs on optimism over China’s demand recovery

Brent crude futures rose 72 cents, or 0.9 per cent, to $79.76 a barrel

Published 19 Dec, 2022 01:18pm

World

12 killed as oil tanker catches fire in Afghanistan’s Salang pass

Many of the dead included women and children who were badly burned

Published 18 Dec, 2022 05:59pm

Business & Economy

Govt slashes petrol prices by Rs10 per litre

Petrol will now be available at Rs214.80

Updated 16 Dec, 2022 02:46pm

Business & Economy

Pakistan expecting Saudi Arabia financial help: Dar

‘There are positive vibes from Saudi Arabia,’ says finance minister

Published 14 Dec, 2022 10:05am