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Oil Prices Hit $126 per barrel as Brent crude surges on April 30 2026 amid Strait of Hormuz tensions crashing global markets and fuelling inflation fears

Oil Prices Hits $126 a Barrel and Takes Global Markets Down With It

Focus Pakistan2026-05-01

ISLAMABAD: In an unprecedented move on April 30, 2026, Brent crude witnessed a sharp rise in prices to reach a level of $126 per barrel owing to rising concerns in regard to the Gulf of Hormuz region. This caused an adverse impact on international stock markets, which saw a fall in leading indexes. The key ... Read more

Volvo Cars reports profit drops in Q1 2025 as US EV subsidy removal and tariffs hit sales

Volvo Cars Profit Drops 16% in Q1 as US EV Subsidy Hits Sales

Focus Pakistan2026-05-01

GOTHENBURG: According to reports by Volvo Cars, there has been a drop in profits of 16% compared to last year. Operating income stood at about 1.6 billion Swedish crowns, which is about $172.6 million. This drop in performance came amid several reasons, including US tariffs, lower demand, and the unexpected end of electric vehicles subsidies ... Read more

Petrol price increase in Pakistan expected as global energy prices surge amid Middle East tensions

Petrol Price Increase in Pakistan: Rs70 Hike Likely as Global Prices Surge

Focus Pakistan2026-04-30

ISLAMABAD: A substantial petrol price increase in Pakistan in the coming week seems imminent for Pakistan, with reports of an estimated hike of Rs50-Rs70 per liter of oil being witnessed due to rising geopolitical issues in the Middle East and the subsequent impact on the supply chain. The upcoming weekly review of fuel prices may ... Read more

Pakistan's Weekly Oil Import reaches $800m

Pakistan’s Weekly Oil Import Bill Triples to $800mn: PM Shehbaz Sharif

Focus Pakistan2026-04-30

The cost of energy imports for Pakistan is now in very bad shape. The Pakistani Prime Minister, Mr. Shehbaz Sharif, announced that the cost of Pakistan’s Weekly Oil Import has risen to about $800 million, more than twice what Pakistan was paying before the current Middle Eastern conflict erupted. Addressing the federal cabinet meeting, the ... Read more

Global energy prices 2026 surge shown by oil refinery and supply shock amid Strait of Hormuz disruption and World Bank energy forecast

Global Energy Prices to Jump 24% in 2026 as Oil Shock Threatens Economy: World Bank

Focus Pakistan2026-04-29

Washington: In the latest World Bank global energy price 2026 outlook, energy prices are expected to climb by 24 percent in 2026, representing the peak price levels since the Russian invasion of Ukraine in 2022. On average, commodity prices are projected to rise by 16 percent in 2026 due to the rise in energy and ... Read more

Cnergyico profit 2026 showing strong earnings growth and improved refinery margins in Pakistan

Cnergyico Swings from Rs1.1bn Loss to Rs17.7bn Profit in 9 Months

Focus Pakistan2026-04-28

KARACHI: Cnergyico Pk Limited announced a net profit of Rs17.7 billion in the first nine months of the current fiscal year ending on March 31, 2026, which is an outstanding achievement considering the net loss of Rs1.1 billion it had posted during the same period in the previous fiscal year. The turnaround of Rs19 billion ... Read more

Indus Motor profit growth driven by Toyota vehicle production in Pakistan

Indus Motor Profit Jumps 53% as Toyota Sales Surge in Pakistan

Focus Pakistan2026-04-28

KARACHI – Indus Motor Company Limited (IMC) has declared its financial results for the period commencing on July 1, 2025, till March 31, 2026, revealing a marked growth in its sales and margins due to macroeconomic factors prevailing in the market. The company’s performance was outstanding with regard to volumes, with the number of units ... Read more

Allied Bank Earns Rs6.6bn Profit in Q1 2026

Focus Pakistan2026-04-28

Allied Bank Limited (AKBL), at the beginning of the new year (2026) has posted a profit after tax during the first calendar quarter 2026 of Rupees 6.6 Billion, which results in an earnings per share (EPS) of Rupees 4.54. This decrease of 8% from the prior year’s first quarter result, but a strong, significantly, 37% ... Read more

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Focus Pakistan is your trusted source for timely, insightful reporting on national, international, business, and tech affairs. Our News Desk delivers round-the-clock updates and in-depth stories covering economic trends, policy shifts, and groundbreaking innovations shaping Pakistan and the world. Accurate, relevant, and built for readers who stay informed. © 2026 Focus Pakistan. All rights reserved.

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Business

Oil Prices Hits $126 a Barrel and Takes Global Markets Down With It

Volvo Cars Profit Drops 16% in Q1 as US EV Subsidy Hits Sales

Petrol Price Increase in Pakistan: Rs70 Hike Likely as Global Prices Surge

Pakistan’s Weekly Oil Import Bill Triples to $800mn: PM Shehbaz Sharif

Global Energy Prices to Jump 24% in 2026 as Oil Shock Threatens Economy: World Bank

Cnergyico Swings from Rs1.1bn Loss to Rs17.7bn Profit in 9 Months

Indus Motor Profit Jumps 53% as Toyota Sales Surge in Pakistan

Allied Bank Earns Rs6.6bn Profit in Q1 2026

Pakistan’s Freelancers Generate Historic $1.76 Billion in FY26

Pakistan Approves Daily Petroleum Pricing Mechanism

Sitara Group Owner Mian Muhammad Idrees Arrested at Lahore Airport in Rs12 Billion Power Fraud Case

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