Pakistan OMC sales decline 23% in May on weak demand

Pakistan’s oil marketing companies (OMCs) recorded a noticeable decline in petroleum product sales during May 2026, as industry volumes fell 23% year-on-year and 14% month-on-month to 1.17 million tons. The downturn reflects continued pressure from elevated fuel prices, weakening demand patterns, and the fading impact of earlier seasonal support. Market data shows that the decline…

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US proposes new tariffs on 60 economies, including Pakistan, over failure to act on forced labour – Business

The US Trade Representative has proposed new duties targeting 60 economies, including Pakistan and India, for alleged failures to act against forced labor, as the Trump administration seeks to rebuild its tariff agenda following legal setbacks. The proposed tariffs range from 10 percent to 12.5 percent, according to a government filingand they will undergo a…

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