Global Markets

Five Refineries Propose $6 Billion Investment

The Special Investment Facilitation Council has identified around 38 projects across key sectors that could attract approximately $40 billion in investment, a Senate committee was told on Thursday. The projects cover mining, industry, transport, maritime affairs, power, IT, pharmaceuticals, healthcare, tourism and food security. Officials said the Brownfield Refinery Policy had been approved, with five refineries signing implementation agreements involving proposed investments of about $6 billion. The council also reported engagement with investors from China, Qatar and Kuwait, alongside steps to simplify regulations, improve visa facilities and expand single-window operations. Senators raised concerns about bureaucratic hurdles, the cost of doing business, energy and financing costs, regulatory requirements, profit repatriation and competition from smuggled goods.

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Global Markets

Pakistan’s Levy Revenue in Focus

Pakistan’s federal government collected Rs220 billion through the petroleum levy during the first two months of FY2026–27, according to the latest official data cited. The Climate Support Levy, also known as the Carbon Levy, generated Rs27.5 billion, while the New Energy Vehicle Adoption Levy brought in Rs7.225 billion. The FY2026–27 budget framework agreed with the IMF under its $7 billion Extended Fund Facility leaves limited fiscal space for reducing the petroleum levy at this stage.

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Global Markets

Asian Markets Rebound as Oil Prices

Asian markets rebounded after last week’s technology-led selloff, as falling oil prices eased inflation concerns. Brent crude slipped to its lowest level since early September, supporting investor sentiment. The rally followed fears that Democratic gains in the US midterm elections could lead to tighter AI regulation and slow data-center investment. Markets recovered as investors reassessed those risks and responded to lower oil prices.

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Global Markets

LNG Tender Issued for Port Qasim

Pakistan LNG Limited has issued an international tender to procure two liquefied natural gas cargoes for delivery to Port Qasim, Karachi, in December 2026 and January 2027. Each cargo is required to contain 140,000 cubic metres of LNG. The government-owned company procures LNG to help meet Pakistan’s gas needs. The tender comes as the country seeks imported gas supplies for the domestic energy market during the winter period.

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