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.
Economy
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.
Subsidised fuel for rickshaws, bikes in pipeline
ISLAMABAD: Prime Minister Shehbaz said the government is moving to protect lower- and middle-income Pakistanis from the impact of higher fuel prices triggered by the global energy shock following the war involving Iran.
Pakistan caps fuel costs with Rs125 billion package
ISLAMABAD The government on Sunday diverted 125 billion rupees from savings and development budgets to block any increase in oil prices, protecting consumers from the immediate fallout of the regional war that has driven global crude to two-year highs.
Pakistan debunks weekend lockdown claim as fuel crisis deepens
ISLAMABAD: The information ministry on Sunday branded as fake a widely circulated notification that claimed the government had ordered a complete weekend lockdown to conserve fuel, urging citizens to stop sharing unverified social media posts that could sow confusion during an acute energy crisis.
PIA resumes direct London flights after six-year hiatus
ISLAMABAD: Pakistan International Airlines operated its first direct flight to London in six years on Sunday, sending flight PK-785 from Islamabad International Airport to Heathrow as the newly privatized national carrier pushes to rebuild its international network.