The Sindh government has announced a major relief package for motorcycle users by introducing a Rs2,000 petrol subsidy for each registered bike in the province. Speaking at a press conference in Karachi, Murad Ali Shah said the initiative aims to support bikers affected by the recent surge in fuel prices. The announcement comes after a…
Prime Minister Shehbaz Sharif has announced an immediate reduction of Rs80 per litre in the petroleum levy, bringing petrol prices down to Rs378 per litre across Pakistan. The decision comes shortly after a sharp increase in fuel prices caused by global oil shocks triggered by escalating tensions in the Gulf region. The announcement was made…
Shehbaz Sharif has stated that Pakistan is effectively managing economic and financial challenges despite ongoing regional tensions and rising global prices. Speaking during a high-level review meeting in Islamabad, the Prime Minister emphasized that the country has successfully maintained the demand and supply balance of essential goods, preventing any major disruptions. He praised the coordination…
Rising oil prices are expected to increase inflation in Pakistan, creating new economic challenges for the country. According to the Ministry of Finance Pakistan, global oil price hikes may put significant pressure on the national economy. The increase in fuel prices directly impacts transportation, electricity, and production costs. As these expenses rise, the prices of…
Pakistan is set to receive approximately $1.2 billion from the International Monetary Fund (IMF) as the country continues to show progress in implementing key economic reforms. The disbursement includes $1 billion under the Extended Fund Facility (EFF) and an additional $210 million through the Resilience and Sustainability Facility (RSF), pending final approval from the IMF…
The Punjab government’s network of 80 Ramazan markets has recorded an impressive footfall of approximately 40 million visitors during the holy month, highlighting the massive public reliance on subsidised bazaars for essential commodities amid rising inflation. These Ramazan markets were established across major cities and towns in Punjab as part of the government’s annual initiative…
Prime Minister Shehbaz Sharif has stated that Pakistan’s economy is on a path to stability and sustainable growth despite facing multiple challenges in recent years. In his message, the prime minister highlighted the resilience of the nation and its ability to overcome economic and political difficulties. He said that Pakistan has faced numerous trials since…
Eidul Fitr celebrations across Pakistan have been significantly affected this year as rising prices and inflation, driven by the ongoing Iran war, have reduced the festive spirit. While markets remain crowded and preparations continue, the economic pressure is clearly visible among citizens. In cities like Multan, beauty salons and shopping markets are still busy with…
A petition has been filed in the Lahore High Court (LHC) challenging the federal government’s recent decision to increase petroleum prices, arguing that the move is unlawful and adds further burden on citizens already struggling with economic hardship. According to the plea, the price of petrol has been increased by Rs8 per litre, while high-speed…
