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.
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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.
Pakistan reopens Torkham border crossing for first repatriation of undocumented Afghans in months
PESHAWAR: Pakistan reopened the Torkham border crossing on Tuesday under temporary arrangements, allowing the repatriation of undocumented Afghan nationals for the first time in months after a security incident and a series of border clashes halted the process.
Pakistan and China issue five-point peace plan to end Iran war
ISLAMABAD: Pakistan and China on Tuesday jointly proposed a five-point initiative to restore peace and stability in the Gulf and the wider Middle East, calling for an immediate cessation of hostilities in the US-Israeli war on Iran, the prompt launch of peace talks and the protection of civilian infrastructure and vital shipping lanes.
Dar reaches Beijing to align with China on push for US-Iran talks
ISLAMABAD: China said Tuesday it would strengthen strategic coordination with Pakistan over the Iran crisis, as the deputy prime minister Ishaq Dar arrived in the Chinese capital for a one-day visit aimed at advancing diplomatic efforts to end the month-old war between the United States, Israel and Iran.
The Perils of a War Half-Won
One month after the United States and Israel began their joint assault on Iran, the question that matters most is not whether American power has inflicted damage. It has. The question is whether that damage has brought the United States any closer to the decisive outcome President Donald Trump once described as both necessary and inevitable.
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.