State Bank of Pakistan Empowers Banks to Streamline Energy Imports Amid Global Geopolitical Volatility
The State Bank of Pakistan delegates new powers to banks for issuing financial instruments and standby letters of credit to secure crude oil and LNG imports.
Pakistan Tanker Shalamar Becomes First Crude Carrier To Bypass Hormuz Blockade
The Pakistan-flagged tanker Shalamar successfully exits the Strait of Hormuz with 450,000 barrels of crude, marking a rare breakthrough in the US naval blockade.
Global Oil Crisis 2026: Crude Prices Predicted to Hit $180 Amid Strait of Hormuz Closure
Analysts warn oil prices could exceed $180 per barrel if Middle Eastern supply disruptions continue, as strikes on the South Pars gas field escalate regional conflict.
Pakistan Crude Oil Tanker Navigates Perilous Strait of Hormuz Amid Regional Conflict
The PNSC-controlled tanker ‘Karachi’ successfully clears the Strait of Hormuz, marking a rare and strategic oil shipment for Pakistan during ongoing Middle East strikes.
State Bank of Pakistan Relaxes Energy Import Rules with Temporary CIF Approval to Secure Fuel Supply
SBP issues a 60-day waiver on petroleum import regulations allowing CIF basis shipments to mitigate energy supply risks amid global shipping and geopolitical volatility.