ISLAMABAD: Prime Minister Shehbaz Sharif announced on Friday that Pakistan will slash the price of high-speed diesel by Rs135 a liter and petrol by Rs12 a liter, passing on relief from falling global oil prices to consumers and farmers as a fragile Middle East ceasefire takes hold.
Economy
Pakistan economy on firmer footing but Middle East conflict clouds outlook, ADB warns
ISLAMABAD: Pakistan’s economy is expected to sustain its recovery over the next two years as manufacturing rebounds and private investment gathers pace, the Asian Development Bank said Friday, even as the escalating conflict in the Middle East poses “significant” risks to growth, inflation and external balances.
Nepra raises electricity tariffs by Rs1.42 a unit on February fuel costs
ISLAMABAD: The National Electric Power Regulatory Authority has increased electricity tariffs by Rs1.42 per unit under the monthly fuel-cost adjustment mechanism, reflecting higher fuel charges incurred in February 2026.
Pakistan repays $1.43 billion debt on schedule, including $1.3 billion Eurobond, as UAE repayment nears
ISLAMABAD: Pakistan repaid $1.43 billion in external debt on Tuesday, including a $1.3 billion Eurobond maturing the following day, in a move the government described as routine and on schedule.
PIA suspends flights to Beijing, Kuala Lumpur and most Gulf routes as jet-fuel costs surge
ISLAMABAD: Pakistan International Airlines Ltd. is suspending flights to Beijing, Kuala Lumpur and most destinations in the Gulf, while sharply restricting service to the United Arab Emirates, as the carrier grapples with the fourth consecutive surge in jet-fuel prices triggered by the US-Israeli war on Iran.
Pakistan mobilises law enforcement to tackle suspected fuel hoarding as regulators draw fire for delayed data integration
ISLAMABAD: Pakistan’s Oil and Gas Regulatory Authority and state-owned Pakistan State Oil came under heavy criticism on Monday for their sluggish progress in automating and integrating real-time data on petroleum stocks and supplies, prompting the government to activate law-enforcement and investigative agencies to monitor retail outlets and stamp out hoarding.
Pakistan orders early closures for markets and malls in energy-saving push as Iran war drives up fuel prices; Sindh yet to join conservation plan
By Staff Reporter ISLAMABAD: The federal government directed markets and shopping malls across the country, except in Sindh province, to shut by 8 p.m. starting
Pakistan arranges $4.8 billion in external debt repayments by June, including $3.5 billion to UAE
ISLAMABAD: Pakistan has lined up repayments totaling $4.8 billion in external obligations by the end of June, including $3.5 billion owed to the United Arab Emirates across three separate facilities, local media reported on Monday.
Pakistan’s fuel subsidies win IMF nod, but distortions must go – report
ISLAMABAD: The International Monetary Fund has told Pakistan to eliminate distortions in petroleum pricing at the earliest opportunity, even though it has accepted the federal government’s decision to cap subsidies at 152 billion rupees amid a global price surge triggered by U.S.-Israeli strikes on Iran and the subsequent closure of the Strait of Hormuz.
PM Sharif presses provinces to release fuel-subsidy funds as energy crisis deepens
ISLAMABAD: Prime Minister Shehbaz Sharif pressed provinces on Sunday to release their agreed contributions toward a new, targeted fuel-subsidy program, warning that the country’s deepening energy crisis was straining ordinary citizens, motorcyclists and the transport sector that moves both people and goods.