According to notification, new prices will be applicable on September 3.

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The bank said the Netherlands held 612.4 metric tons of gold reserves at the end of 2025.

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KARACHI: Pakistan LNG Limited has issued a fresh tender on Wednesday to procure a spot LNG cargo for delivery between September 8 and 12, after rejecting the sole bid received for an earlier delivery window as too expensive. The state-owned buyer turned down an offer from BP Singapore at $26.969 per million British thermal units ... Read more

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NEW YORK: Oil prices climbed in early trading Wednesday, building on the previous session’s sharp gains, as overnight military exchanges between the United States and Iran escalated tensions in the Middle East and revived fears of supply disruptions through a critical global shipping chokepoint. Brent crude futures rose $1.03, or 1.1%, to $95.68 a barrel ... Read more

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KARACHI: Pakistan’s oil marketing companies posted a 3% year-on-year decline in petroleum product sales in August, driven largely by a sharp drop in high-speed diesel volumes, according to provisional numbers. Total industry sales fell to 1.261 million metric tons last month, down from 1.300 million tons in August 2025. Volumes also slid 16% from July’s ... Read more

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ISLAMABAD: Pakistan is set to sign long-delayed agreements with five oil refineries, unlocking more than $6 billion in planned upgrades to modernize aging plants and cut reliance on fuel imports, officials said. But industry warnings that changes to the financial framework could derail the projects overshadowed the announcement. The agreements with Pak-Arab Refinery Ltd., Pakistan ... Read more

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