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GEO BUSINESS NEWS

US business leaders urged to explore investment opportunities in Pakistan
Thu, 13 Aug 2026 17:54:00 +05:00

Pakistan’s Ambassador to US Rizwan Saeed Sheikh meets with a delegation of business leaders, investors and corporate representatives in California on August 12, 2026. — Pakistan Embassy US

Pakistan's Ambassador to the US, Rizwan Saeed Sheikh, has invited American business...

Emails reveal Indian carmakers' fuel contamination worries before public retreat
Thu, 13 Aug 2026 15:45:00 +05:00

A man checks the fuel dispenser display as his car is being filled with petrol at a fuel station in New Delhi, India, August 3, 2026. — ReutersIndustry tests find high chloride contamination in fuel.Automakers privately flag E20 concerns to govt.Emails warn contaminants may damage...

Oil eases as weaker demand outlook counters Mideast supply concerns
Thu, 13 Aug 2026 10:30:00 +05:00

A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, US, February 18, 2025. — ReutersBrent, WTI edge lower from previous gains.Both IEA and Opec lower 2026 oil demand forecasts.Iran says no progress on reviving interim peace deal with US.

PM Shehbaz launches country's first-ever National Youth Employment Policy
Wed, 12 Aug 2026 18:47:00 +05:00

Prime Minister Shehbaz Sharif addresses a ceremony marking International Youth Day in Islamabad on August 12, 2026. — YouTube/Geo News/screengrab PM Shehbaz addresses ceremony marking Int’l Youth Day.PM reaffirms resolve to equip youth with modern education.Danish...

Australian court rejects India's 'Basmati' trademark appeal, in win for Pakistan
Wed, 12 Aug 2026 18:13:00 +05:00

A customer checks the quality of rice at a wholesale market in Jakarta, Indonesia on Sept 22, 2025. — ReutersCourt upholds Pakistani traders’ legitimate Basmati use.Orders Indian authority to pay respondent’s costs.Court rules Pakistan and India both grow Basmati rice.

Oil edges towards $90 as Mideast diplomacy falters, hostilities raise supply risks
Wed, 12 Aug 2026 07:34:25 +05:00

A drone view shows oil storage tanks at a depot at Tsing Yi port in Hong Kong, China, March 19, 2026. — Reuters

Brent crude, West Texas Intermediate extend gains.US and Houthis attack ships in Gulf, Red Sea straits.US crude inventories rise,...

PBC chief, Aurangzeb agree to shift focus from economic stability to growth
Tue, 11 Aug 2026 20:18:26 +05:00

Pakistan Business Council Chairman Ziad Bashir meets Finance Minister Muhammad Aurangzeb in Islamabad, on August 11, 2026.

Pakistan Business Council Chairman Ziad Bashir called on Finance Minister Muhammad Aurangzeb to discuss the economic outlook and a working agenda between...

Goods transporters to continue strike after talks with govt 'fail'
Tue, 11 Aug 2026 18:44:00 +05:00

Trucks are seen parked during a strike called by the Goods Transporters Association on Maripur Road in Karachi. — Online/FileTransporters say ready to continue talks with govt.Govt agrees not to increase toll taxes for one year: sourcesAleem Khan assures early resolution of...

Economic losses from natural disasters fall to $100bn in first half of 2026: Swiss Re
Tue, 11 Aug 2026 15:43:00 +05:00

People ride electric scooters amid strong wind and heavy rainfall brought by Typhoon Matmo, in Haikou, Hainan province, China October 5, 2025. — Reuters

Economic losses from natural catastrophes worldwide are estimated to have reached $100 billion in the first half of this year,...

Crude oil holds above $87 as US-Iran deal hopes, Hormuz reopening prospects fizzle
Tue, 11 Aug 2026 07:26:13 +05:00

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. — Reuters

Crude oil prices rose more than 5% on Monday.Trump says US Navy controls the Strait of Hormuz.Oil, products exports through Hormuz fell to 3m bpd last week.

Oil...

Workers' remittances rise 13% year-on-year to $3.6bn in July: SBP
Mon, 10 Aug 2026 17:43:00 +05:00

US dollar banknotes are seen in this illustration taken March 24, 2026. — ReutersUAE contributes $737m, UK $555m in July remittances.Remittances up 4.5% on month-on-month basis in July.PM Shehbaz hails receipt of $3.6bn remittances in July.

KARACHI: Workers' remittances...

Pakistan plans to open new gateway for foreign oil suppliers
Mon, 10 Aug 2026 10:58:00 +05:00

A view of the Russian oil cargo Pure Point, carrying crude oil, is seen anchored at the port in Karachi, June 11, 2023. — ReutersProposed policy allows foreign firms to store fuel locally.Suppliers can sell domestically or re-export petroleum stocks.Proposal aims to boost energy...

Textile industry warns indefinite goods transport strike could hit exports
Mon, 10 Aug 2026 10:52:00 +05:00

Trucks are seen parked during a strike called by the Goods Transporters Association on Maripur Road in Karachi. — Online/FileGoods transporters remain on an indefinite strike from August 8.Strike disrupts textile export shipments and cotton supplies.Textile mills face pressure as...

Oil rises as Iran-Oman Hormuz deal nears but reopening remains uncertain
Mon, 10 Aug 2026 06:15:45 +05:00

3D-printed oil pump jack and barrels in front of a rising stock graph appear in this illustration, taken March 2, 2026. — Reuters

Oil firms as uncertainty persists over Gulf peace talks.Nikkei index rises, Nasdaq futures end mostly flat.Markets pare US rate-rise bets ahead...

Trump administration to back three mineral projects with $58m in financing
Sat, 08 Aug 2026 15:14:00 +05:00

US President Donald Trump speaks on the day he announced the creation of a critical mineral reserve, in the Oval Office at the White House, February 2, 2026. — ReutersAlabama graphite mine gets $25m support.Tantalum, niobium processing to expand.Boron project targets 2028...

Goods transporters begin indefinite strike over fuel prices, daily rate revisions
Sat, 08 Aug 2026 13:48:00 +05:00

Trucks are seen parked during a strike called by the Goods Transporters Association on Maripur Road in Karachi. — Online/FileGovt invites transporters for Monday talks.Transporters oppose daily fuel price revisions.Transport alliance demands tax and toll relief.

Goods...

Beyond defence: Can Makkah pact change Pakistan economic fortune?
Sat, 08 Aug 2026 11:04:00 +05:00

Turkish President Tayyip Erdogan, Saudi Crown Prince Mohammed bin Salman, and Prime Minister Shehbaz Sharif pose after signing the joint defence agreement in Makkah, Saudi Arabia, August 7, 2026. — Reuters

ISLAMABAD: The trilateral defence pact signed by Pakistan, Saudi Arabia and...

Nepra hikes power tariff by Re0.75 per unit nationwide
Fri, 07 Aug 2026 19:56:33 +05:00

A view of the Nepra building in Islamabad. — Nepra/FileNepra raises power tariff for June adjustment.Says decision applies to all KE and ex-Wapda Discos consumers.Revised fuel charges to appear in August electricity bills.

The National Electric Power Regulatory Authority ...

PBC elects Ziad Bashir as chairman
Fri, 07 Aug 2026 18:30:06 +05:00

Ziad Bashir, the new chairman of Pakistan Business Council. — Reporter

The Pakistan Business Council on Friday installed Ziad Bashir as its chairman, with the Gul Ahmed Textile Mills director taking charge of the advocacy platform for a term of 18 months.

Bashir has been...

Oil rises on concerns over Strait of Hormuz reopening plans
Fri, 07 Aug 2026 10:10:00 +05:00

Oil tankers pass through the Strait of Hormuz, December 21, 2018. — ReutersIran reviews vessel ban bill.Violators may face 20% cargo fine.Transit fee dispute clouds Hormuz deal.

Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz as Iran,...

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Last modified: 04-03-2021

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