Pakistan’s annual petroleum import bill has surpassed the estimate made by the International Monetary Fund (IMF) as a sharp increase in global oil prices, driven by tensions in the Middle East, raised the country’s energy import costs. Read More: Pakistan’s oil imports reach $10.71 billion as refinery output expands According to official documents, Pakistan’s oil import […]
oil import bill
Govt scrambles to secure fuel as global oil prices surge
The federal government held a high-level meeting in Karachi to assess Pakistan’s energy supply situation and evaluate the potential economic impact of rising global oil prices amid escalating tensions in the Middle East. Senior officials reviewed developments in international markets and discussed how the ongoing conflict involving major regional powers could disrupt global energy supply […]