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.
Energy
SBP holds key rate at 11 percent, prioritising rupee stability over easing
KARACHI: Pakistan’s central bank kept its benchmark interest rate steady at 11% on Wednesday, opting to safeguard the rupee’s stability despite inflation trending below its target range and widespread expectations of a cut.
Sindh farmers sue over 45 percent tax, launch wheat boycott
KARACHI: The Sindh Chamber of Agriculture (SCA) will challenge a 45% agricultural income tax in court, branding it “unconstitutional” and “unethical,” while calling on farmers to boycott wheat planting for the 2025-26 season, Dawn newspaper reported on Wednesday.
Pakistan’s power generation surges in June amid policy shifts, seasonal demand
KARACHI: Pakistan’s power generation jumped 8% in June 2025 from the previous month, fueled by rising temperatures and government efforts to shift industries from captive power to the national grid, pointing to a possible pickup in economic activity.
Pakistan lifts fuel prices again as crude volatility hits
ISLAMABAD: Pakistan increased petrol prices by 2% and high-speed diesel (HSD) by 4.2% on Tuesday, marking the second hike in under a month, as global oil market swings pressure the cash-strapped nation.
Petrol, diesel prices in Pakistan set to rise again, squeezing economy
ISLAMABAD: Petrol and diesel prices in Pakistan are poised to climb by as much as Rs6.60 per litre starting July 16, 2025, industry estimates show, threatening to pile more pressure on an economy already reeling from high living cost and fiscal strain.
Nepra slashes fuel costs for KE, ex-Discos power consumers in July
ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has rolled out substantial fuel cost reductions for electricity consumers, delivering a financial breather in the July billing cycle for customers of K-Electric (KE) and ex-Wapda distribution companies (Discos).
Pakistan grapples with LNG glut as Qatar deal backfires
ISLAMABAD: Pakistan is wrestling with a costly oversupply of liquefied natural gas (LNG) from a second long-term deal with Qatar, originally intended to shore up energy security but now forcing the government to weigh revising the agreement.
Pakistan eyes offshore storage for surplus LNG as glut threatens $378 million in losses
ISLAMABAD: Pakistan is exploring offshore storage options for excess liquefied natural gas (LNG) cargoes as a gas supply glut threatens domestic producers with $378 million in annual losses, Reuters reported on Tuesday.
Pakistan inflation eases to 3.2 percent in June, matches forecasts
ISLAMABAD: Inflation in Pakistan slowed to 3.2% in June from a year earlier, down from 3.5% in May and a sharp retreat from the 12.6% recorded in June 2024, data from the Pakistan Bureau of Statistics showed Tuesday.