KARACHI: The government slashed the price of high-speed diesel by Rs12.84 per liter, or 4.5%, while holding petrol steady for the fortnight through August 31, responding to shifts in international oil prices.
Energy
Pakistan to roll out real-time digital tracking of petroleum to curb Rs500bn smuggling
ISLAMABAD: Pakistan will roll out real-time digital tracking of every litre of petroleum products within a month, a landmark reform to stem smuggling, theft, misappropriation, and adulteration that cost the economy up to Rs500 billion annually, Dawn newspaper reported on Friday.
SBP forecasts stronger growth, stable inflation, modest deficit in FY26
KARACHI: Pakistan’s central bank anticipates economic growth accelerating to as much as 4.25% in fiscal year 2026, with inflation holding steady within target as the benefits of prior interest-rate reductions continue to ripple through the economy.
Pakistan, US near trade deal finalisation with focus on oil and lower tariffs – Bloomberg
ISLAMABAD: Pakistan and the United States are in the final stages of negotiations to cement a trade and investment agreement that could reshape economic ties, bolstered by a reduced US tariff rate of 19 percent on Pakistani goods.
Nepra cuts power tariffs by Rs1.8881/kWh for next three months
ISLAMABAD: Pakistan’s electricity regulator, the National Electric Power Regulatory Authority (Nepra) on Thursday cut power tariffs by Rs1.8881 per kilowatt hour (kWh) for the next three months, offering relief to consumers of all power distribution companies (Discos), including K-Electric (KE), as they face steep energy bills.
Pakistan inflation jumps to 4.1 percent in July, outpacing forecasts
KARACHI: Pakistan’s consumer inflation surged to 4.1% in July 2025 from a year earlier, accelerating from 3.2% in June and topping expectations, as rising costs for food, fuel, and medicines added pressure on households, the Pakistan Bureau of Statistics (PBS) reported on Friday.
Pakistan’s Cnergyico to import first US crude cargo in October
KARACHI: Pakistan’s largest refiner, Cnergyico, will import 1 million barrels of US crude from Vitol in October, marking the country’s first such purchase after a trade deal with the US, its top export market.
US slashes Pakistan’s tariff to 19 percent in Trump trade shake-up
KARACHI: Pakistan has emerged as a rare winner in President Donald Trump’s sweeping overhaul of US trade policy, securing a tariff reduction from 29% to 19% on Friday, the lowest rate for any South Asian country after Afghanistan.
Govt cuts petrol price by Rs7.54, raises diesel by Rs1.48
ISLAMABAD: The government slashed petrol prices by Rs7.54 per litre late Thursday while raising the cost of high-speed diesel (HSD) by Rs1.48 per litre for the next two weeks, reflecting shifts in global oil markets.
UPDATE-Trump seals US-Pakistan trade deal, hits India with 25 percent import tariff
KARACHI: President Donald Trump said on Wednesday his administration has struck a trade deal with Pakistan to develop the South Asian nation’s oil reserves, while simultaneously imposing a 25% tariff on Indian imports, escalating tensions with New Delhi over trade imbalances and its energy ties with Russia.