Pakistan lines up three fuel cargoes, seeks IMF relief as Middle East conflict pushes oil import bill

KARACHI: Pakistan is racing to secure three petroleum cargoes due by Monday while scrambling for alternative supplies from Gulf allies and preparing to ask the International Monetary Fund for relief on the petroleum levy, as the escalating Israel-Iran conflict drives crude prices higher and threatens the country’s energy imports through the Strait of Hormuz.

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Pakistani fisherman slain by fallout of Israeli projectile in Iranian waters; another dies in Dubai amid escalating conflict

ISLAMABAD: A Pakistani fisherman was killed on Saturday when debris from an Israeli projectile, intercepted by Iranian air defences, struck his boat in Iranian waters, officials said on Sunday, the latest sign that the United States-Israel war on Iran is claiming civilian lives far beyond the battlefield.

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When Global Oil Surges, Pakistan’s Poor Pay First — and Keep Paying

Pakistanis are feeling the first raw edge of a conflict they did not choose. On Friday the government raised the price of petrol and high-speed diesel by 55 rupees a liter — the largest single-day increase in memory. Petrol now costs 321.17 rupees a liter, diesel 335.86 rupees. Kerosene, the lifeline of the poorest households, has nearly doubled.

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Jailed PTI leaders warn political rifts and external shocks threaten sovereignty and economy

LAHORE: Five senior leaders of opposition Pakistan Tehreek-e-Insaf, currently held in Lahore’s Kot Lakhpat jail, warned on Saturday that “internal divisions and external pressures” are threatening the country’s sovereignty, economy and democratic future, and appealed to all political actors to put aside personal ambitions and institutional rivalries for the sake of national survival.

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Pakistan says precise strikes hit militant sites in Afghanistan, Taliban warns of retaliation if Kabul attacked

ISLAMABAD: Pakistan said on Saturday its security forces were carrying out precise intelligence-driven operations against terrorist infrastructure inside Afghanistan, insisting the campaign was designed to minimise civilian harm even as cross-border clashes with the Taliban government intensified into what one Pakistani minister has described as “open war.”

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Pakistan Railways lifts fares as diesel costs surge 20 percent after record fuel hike tied to Iran conflict

ISLAMABAD: Pakistan Railways is increasing ticket prices across passenger classes and freight services by as much as 20 percent starting March 9, passing on part of the pain from the government’s largest-ever fuel-price increase triggered by the spillover of fighting in the Middle East.

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