Tanveer Malik

KARACHI: Attock Refinery Limited has shut down its main crude distillation unit due to high stocks of diesel, which have not been lifted because of

KARACHI: Pakistan's high-speed diesel stockpiles have surged to a record 650,000 tonnes, and are expected to continue growing after Pakistan State

KARACHI: The oil sector is facing a serious sustainability crisis due to huge stocks of high-speed diesel (HSD), which may compromise the ability

KARACHI: Industry and business leaders expressed disappointment and surprise after the State Bank of Pakistan kept its benchmark interest rate unchanged at 22percent, despite signs of economic recovery and declining inflation.

KARACHI: The government has sought the views of several ministries on extending the deadline for refinery upgrade agreements under the Brownfield Refinery Policy, a Cabinet Division letter showed.

KARACHI: Petroleum product sales fell 6 percent in April to a six-month lowas smuggling of Iranian products and lower electricity generation from furnace oil hurt demand, industry officials said on...

KARACHI: The government will deregulate petroleum prices in phases, taking all stakeholders into confidence, the chairman of the Oil and Gas Regulatory Authority said on Tuesday.The deregulation...

KARACHI: Saudi Arabia has agreed in principle to invest in an integrated refinery in Pakistan, with a buy back guarantee for the products, Petroleum Minister Musadik Malik said.“This will be...

KARACHI: The country's motor gasoline demand is poised to grow 5-6 percent in the next five years, driven by improved economic indicators and a surge in automobile sales, industry projections showed.

KARACHI: The import of High Speed Diesel (HSD) almost doubled in the month of April, exceeding 200,000 tonnes mark for the first time in the current