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

The post Govt surges petrol price by Rs.2.29, diesel by Rs.1.11 per liter appeared first on BOL News.

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

The post Dutch Bank transfers 86 tons of gold from US and Canada to UK appeared first on BOL News.

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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According to notification, new prices will be applicable on September 2.

The post Govt increases petrol price by Rs.0.51, diesel by Rs.1.08 per liter appeared first on BOL News.

Murad Ali Shah said greater use of electric vehicles would help reduce reliance on imported fuel.

The post Sindh Cabinet approves new electric vehicles tax relief package appeared first on BOL News.

Masato Kanda's new five-year term will begin November 24, 2026.

The post Masato Kanda unanimously re-elected as ADB president appeared first on BOL News.

KARACHI: Fitch Ratings has assigned a ‘B-‘ rating to Pakistan’s proposed U.S. dollar-denominated bond, with a Recovery Rating of ‘RR4,’ the ratings agency announced. Pakistan plans to use proceeds from the bond for general budgetary and sovereign financing purposes, according to Fitch. The bond rating is aligned with Pakistan’s Long-Term Foreign-Currency Issuer Default Rating, while ... Read more

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APTMA said testing in several inspected consignments reportedly found the use of food coloring instead of proper dyeing.

The post APTMA praises FBR action against fabric import misdeclaration under EFS appeared first on BOL News.

Shares of both companies rose in early trading Tuesday, with EPCL climbing 2.11% and Lotte Chemical Pakistan gaining 2.88%.

The post Lotte Chemical Pakistan Limited announces strategic acquisition of Engro Polymer & Chemicals Limited to create a scaled, diversified and globally competitive petrochemical company appeared first on BOL News.

According to notification, the new prices will be applicable on September 1.

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Directorate of Revenue has also established dedicated contact numbers to facilitate taxpayers.

The post MCI to issue property tax bills for 2026-27 within 10 working days, rebate period extended for taxpayers appeared first on BOL News.

Saudi Arabia imported around $448 million worth of fruit and vegetable.

The post Pakistani fruit industry highlights challenges and Saudi market potential after ‘Makkah Pact’ appeared first on BOL News.

Unity Foods is a public listed company on the Pakistan Stock Exchange and has raised funds from public shareholders.

The post SECP findings prompt FIA action over alleged Unity Foods irregularities appeared first on BOL News.

Brussels is tightening its grip on some of the internet’s fastest-growing services, designating ChatGPT, Reddit and Roblox for heightened scrutiny under the European Union’s Digital Services Act (DSA), writes Catherine Feore.

The European Commission said all three services meet the 45 million average monthly users threshold in the EU, triggering the DSA rules reserved for digital players considered large enough to pose systemic risks to European society.

“These new designations mean that ChatGPT, Reddit and Roblox will now be held to a higher standard of scrutiny and accountability in the European Union,” said Henna Virkkunen (pictured), the Commission’s executive vice-president for tech sovereignty, security and democracy.

The move puts the companies firmly in Brussels’ regulatory crosshairs. They must assess and mitigate risks ranging from illegal content and harm to minors to threats to fundamental rights, elections, public security, and users’ physical and mental well-being. Importantly, the designation also gives the Commission investigative powers to scrutinise relevant features and systems underpinning the services.

ChatGPT has been designated a Very Large Online Search Engine (VLOSE), while Reddit and Roblox are now Very Large Online Platforms (VLOPs). They have until the end of January 2027 to comply with the DSA’s tougher obligations.

ChatGPT’s inclusion is particularly significant. The Commission considers the AI service a hybrid product that qualifies as an online search engine because it can search the web when answering users’ queries, bringing a major generative AI service into the DSA’s toughest tier of oversight for the first time.

The Commission will supervise compliance with the DSA, in cooperation with Coimisiún na Meán (Ireland’s media regulator) for ChatGPT and Reddit, and the Dutch Authority for Consumers and Markets (ACM) for Roblox.

With the latest additions, 28 platforms and search engines have now received the EU’s “very large” designation.

Photo credit: Commissioner Virkkunnen Photographer: Lukasz Kobus © European Union

CEO Ali Asghar Jamali said the 33% increase in vehicle sales reflected a recovery in market demand.

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FPCCI President elaborated that while global crude oil price fluctuations play a role.

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Higher foreign exchange income and provision reversals offset weaker interest margins and rising operating costs.

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