ISLAMABAD: Pakistan is organising a high-level national dialogue early next week to hammer out an “all-inclusive” strategy on austerity and energy conservation, after the country’s four provinces signalled they are unwilling to shoulder a collective Rs200 billion share of the fuel-subsidy bill amid surging international oil prices.
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ECC redirects Rs100 billion development spending to cushion consumers from petroleum volatility
ISLAMABAD: The Economic Coordination Committee of the cabinet approved a Rs100 billion supplementary grant for the prime minister’s austerity fund on Thursday to finance subsidies on petroleum products and shield consumers from price swings linked to developments in the Gulf region.
Pakistan’s top leaders urge unity as Iran war disrupts oil supplies and heightens security risks
ISLAMABAD: President Asif Ali Zardari convened Pakistan’s most senior civilian and military officials on Thursday to chart a unified response to the economic and security strains triggered by the US-Israel war on Iran, emphasising national consensus and tighter coordination across government institutions as the conflict enters its second month.
ADB launches financial package to shield Asia-Pacific from Middle East conflict fallout
ISLAMABAD: The Asian Development Bank said on Tuesday it is launching a financial support package to help its developing member countries in Asia and the Pacific cushion the economic and financial fallout from the conflict in the Middle East.
Sahibzada Farhan’s World Cup masterclass earns him ICC player of the month for February
LAHORE: Sahibzada Farhan has been named ICC men’s player of the month for February after a record-breaking campaign at the 2026 T20 World Cup in Sri Lanka, where the Pakistan opener became the tournament’s leading run-scorer and surpassed Virat Kohli’s mark for the most runs in a single edition of the event.
No crowds, no opening ceremony: PSL pared back to two cities in line with Pakistan’s energy-saving drive
By Staff Reporter LAHORE: The 11th edition of the Pakistan Super League will go ahead next week but without spectators and restricted to just two
PM Sharif appeals for fuel savings to head Off supply risks from Middle East turmoil
ISLAMABAD: The government called on the public on Thursday to step up fuel-conservation efforts, warning that supplies of petroleum products could come under pressure in the coming days as instability in the Middle East intensifies.
At least 17 dead as storms and gale-force winds batter Karachi, collapsing walls and uprooting trees
KARACHI: At least 17 people were killed and more than a dozen injured on Wednesday night when heavy rain, thunderstorms and winds gusting as high as 97 kilometers per hour slammed into Karachi, toppling walls and roofs, striking victims with lightning and leaving trees strewn across streets in Pakistan’s largest city.
Pakistan oil importers face FX bottleneck as global prices double on Iran conflict
ISLAMABAD: Pakistan’s oil marketing companies are running into foreign-exchange bottlenecks as soaring international crude and product prices, coupled with higher insurance, import premiums and freight costs triggered by the US-Israel conflict with Iran and the blockade of the Strait of Hormuz, more than double the financing required for cargoes.
Missile debris kills Pakistani national in Abu Dhabi, third such death in UAE
ISLAMABAD: A Pakistani national was killed on Tuesday after falling debris from an intercepted ballistic missile struck a residential area in Abu Dhabi, the third such fatality involving Pakistanis in the United Arab Emirates amid escalating Iranian retaliation against US and Israeli strikes on Tehran.