KARACHI: Pakistan’s consumer inflation quickened to 7.3 percent year-on-year in March, the fastest pace since August 2024, as surging energy costs tied to the Middle East conflict pushed household prices higher, according to data from the Pakistan Bureau of Statistics released on Wednesday.
Economy
FBR misses nine-month revenue target by Rs612 billion amid war-related disruptions
ISLAMABAD: The Federal Board of Revenue fell short of its revenue target by Rs612 billion in the first nine months of fiscal 2026, the latest sign of mounting pressure on the government’s finances as conflict-related uncertainties weigh on economic activity.
Pakistan prepares major fuel-price hike as provinces commit to share subsidy burden
ISLAMABAD: The federal government and the four provinces are preparing to implement another significant rise in petrol and diesel prices within days, aiming to pass through part of the higher landed cost of imports to consumers while shielding targeted groups such as motorcyclists and farmers with subsidised fuel.
Pakistan LNG imports hit by force majeure as Middle East conflict chokes global supplies
ISLAMABAD: Pakistani power authorities told regulators on Tuesday that liquefied natural gas supplies have been declared unavailable under force majeure, halting deliveries to more than 4,500 megawatts of gas-fired generation capacity as a month-long US-Israeli war on Iran triggers the first major global fuel crunch in years.
PM Sharif orders crackdown on petroleum smuggling as Middle East conflict strains fuel supply
ISLAMABAD: Prime Minister Shehbaz Sharif directed authorities to impose stringent measures against the smuggling and illegal hoarding of petroleum products, his office said on Tuesday.
Ogra raises LPG prices 35 percent for April as Saudi Aramco benchmark jumps 44 percent
ISLAMABAD: The Oil and Gas Regulatory Authority raised the price of liquefied petroleum gas by 35 percent for April, passing on the full brunt of higher global costs to households and businesses as the Saudi Aramco contract price surged 44 percent.
Provinces agree to share oil subsidy burden as government shelves lockdown plans
ISLAMABAD: Pakistan’s four provinces have reached an agreement to help finance the federal government’s oil subsidies for consumers, easing pressure on the national budget at a time of acute fuel-supply strains from the Middle East conflict, officials said.
Pakistan’s public debt breaches legal limits, hit Rs80.5 trillion as ratio worsens to 71.7 percent of GDP
ISLAMABAD: The government conceded to parliament on Monday that public debt rose sharply in fiscal 2025, pushing the debt-to-GDP ratio higher and increasing the per-capita burden even as fiscal consolidation measures took hold and macroeconomic conditions improved.
Pakistan’s top leaders hold talks on security and economic strain amid regional tensions
ISLAMABAD: Prime Minister Shehbaz Sharif met President Asif Ali Zardari on Monday to review the country’s national security situation and the array of economic and energy challenges confronting Pakistan, the President’s Secretariat said.
Kuwait assures Pakistan of full diesel and jet fuel deliveries
ISLAMABAD: Kuwait has pledged to provide full logistical support for diesel and jet fuel shipments to Pakistan, ending a supply impasse caused by the closure of the Strait of Hormuz during the ongoing US-Israeli war on Iran.