Business
Pak lines up $4.8bn in external repayments by June, including $3.5bn owed to UAE: Report
Pakistan is set to repay $4.8 billion in foreign debt by June, including $3.5 billion to the UAE. This comes as Abu Dhabi sought quicker returns on deposits amid regional tensions. Islamabad has also secured over $5 billion in financial aid from friendly nations, while a $1.3 billion Eurobond matures this week.
Business
Reliance Industries unit loading 2 million barrels of Venezuelan crude oil: Report
Reliance Industries has begun loading a significant shipment of Venezuelan crude. This oil was directly purchased from Venezuela’s state-run oil firm, PDVSA. Reliance secured a US general license in February 2026, permitting such direct purchases. This move allows Reliance to diversify its crude sources and potentially replace some Russian supplies with discounted Venezuelan heavy oil.
