Pakistan 'strongly rejects' reports of shortage of petroleum products

Pakistani commuters wait for their turn to fill vehicles at a gasoline station in Islamabad on June 26, 2020. (AFP/File)
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Updated 20 January 2023
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Pakistan 'strongly rejects' reports of shortage of petroleum products

  • Pakistan has 'adequate reserves' of petrol, diesel, kerosene oil, other products, says Petroleum Division
  • Pakistan's Petroleum Division urges people not to pay heed to rumors, 'misleading information'

ISLAMABAD: Pakistan's Ministry of Energy (Petroleum Division) on Friday strongly denied reports of petroleum products being in short supply across the country, insisting that the South Asian country had "adequate reserves." 

Several posts on social media claimed Pakistan would face a severe shortage of petroleum products in the coming days as private banks were refusing to open letters of credit for oil imports. 

Pakistan’s energy procurements from international markets constitute the largest portion of its import bill, putting immense pressure on rapidly depleting forex reserves that plummeted to $4.3 billion earlier this month. 

However, in a press release, the Petroleum Division refuted the rumors, adding that there is "no possibility" of a shortage of petroleum products in the country. 

"The Pakistan State Oil (PSO) and other oil supplying companies have adequate reserves of petrol, diesel, kerosene oil and other forms of petroleum products," the division said. 

It said the quantity of diesel available for storage in Pakistan is at "full capacity", urging people not to listen to rumors, speculations and "misleading information."

The ministry also called on the media to not pay heed to such speculation and report it as news. 

Pakistan, already reeling from a macroeconomic crisis that has seen its reserves dip to an eight-year low, is actively trying to secure cheaper sources of energy from other countries. Islamabad and Moscow announced on Friday that Russia would export oil to Pakistan, with details of the deal to be finalized in March.

Islamabad has also faced problems in recent months in purchasing liquefied natural gas (LNG) from the global market due to spot prices that largely remain out of its reach since the invasion of Ukraine.


Pakistan’s seafood exports to China hit nearly $255 million in 2025 as market reach widens

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Pakistan’s seafood exports to China hit nearly $255 million in 2025 as market reach widens

  • Frozen fish and cephalopods lead exports as shipments expand beyond China’s coastal hubs
  • Growth reflects Pakistan’s push to diversify exports and tap China’s inland consumer markets

ISLAMABAD: Pakistan’s seafood exports to China rose to nearly $255 million in 2025, underscoring Beijing’s growing importance as a destination for Pakistani marine products, according to data from China’s General Administration of Customs (GACC) published by state-run APP on Monday.

The figures point to a broader geographic and product diversification of Pakistan’s seafood trade with China at a time when Islamabad is seeking to boost foreign exchange earnings and reduce reliance on a narrow set of export sectors.

“The gains were driven by sustained demand for frozen fish, cephalopods, and a growing range of processed seafood products in both coastal and inland markets,” APP said in a report, citing China Customs data.

Frozen fish remained the single largest export category, contributing about $64.6 million to Pakistan’s seafood shipments to China. Imports were concentrated in major coastal and metropolitan entry points, with Guangdong province emerging as the largest destination by value and volume, importing 8.48 million kilograms worth $15.7 million. Shandong and Beijing followed, each exceeding 7 million kilograms, while Shanghai, Tianjin and Zhejiang also recorded substantial volumes.

At the same time, smaller but notable shipments were recorded in inland provinces including Sichuan, Yunnan, Guizhou and Chongqing, suggesting a widening distribution footprint supported by expanding cold-chain logistics and growing demand away from China’s traditional port cities.

Cephalopods emerged as another key growth pillar. Exports of frozen cuttlefish and squid reached nearly $31 million, while frozen octopus rose to almost $12 million, reflecting demand from catering chains and seafood processors supplying China’s foodservice and ready-to-cook segments.

Affordable pelagic fish also performed strongly. Frozen sardines, sardinella, brisling and sprats recorded imports of around $14.9 million, supported by household consumption and mass-market food manufacturers.

In addition to core frozen categories, Pakistan exported roughly $14.4 million each in two higher-value segments classified by China Customs as “fish” and “fish products,” indicating a gradual shift toward processed and value-added seafood lines.

Analysts cited in the APP report attributed the overall growth to improved compliance with Chinese food safety standards, expanded approvals for Pakistani processing facilities and competitive pricing backed by Pakistan’s marine resource base. Investments in cold-chain logistics and streamlined customs procedures were also seen as supporting higher volumes and broader market access.