Beyond The Time News

Refineries Continue to Earn High Margins Despite Diesel Pricing Adjustment

Pakistan’s refineries continue to post strong profits despite recent changes in the petroleum pricing system, according to Beyond Time News. An analysis of March and April 2026 data shows that a gap between international diesel benchmarks and crude oil prices allowed refineries to earn higher-than-normal margins. Pricing Gap Boosted Earnings Under Pakistan’s pricing framework, fuel…

Pakistan, South Korea Agree to Advance CEPA Talks and Expand Trade Cooperation

Pakistan and South Korea have agreed to accelerate discussions on the Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment cooperation, according to Beyond Time News. The understanding was reached during a virtual meeting between Federal Commerce Minister Jam Kamal Khan and South Korea’s Trade Minister Yeo Han-koo. Focus on Trade and Investment…

FBR Tax Shortfall Widens to Rs683 Billion as IMF Approves Phased Fuel Levy Hike

Pakistan’s tax shortfall has further increased as the Federal Board of Revenue (FBR) missed its revenue target by Rs683 billion during the current fiscal year, while the International Monetary Fund (IMF) has approved a phased increase in petroleum levy, according to Beyond Time News. Revenue Collection Reaches Rs10.26 Trillion During July–April FY2025–26, the FBR collected…

Pakistan, Other Countries Condemn Israeli Attack on Gaza Aid Flotilla

Pakistan, along with multiple other countries, has strongly condemned Israel’s reported attack on the Global Sumud Flotilla, which was carrying humanitarian aid toward Gaza, according to Beyond Time News. The condemnation came after Israeli naval forces reportedly targeted vessels participating in the flotilla’s Spring 2026 mission. The convoy aimed to break the blockade on Gaza…