The federal government has announced a substantial reduction in the prices of petrol and high-speed diesel, offering significant relief to consumers, transporters, and businesses across Pakistan. According to a notification issued by the Petroleum Division, the price of petrol has been reduced by Rs74.28 per litre, bringing the new price to Rs299.50 per litre. Meanwhile,…
Pakistan’s inflation rate surged to 11.7 percent in May 2026, reaching its highest level in 22 months and raising concerns about the country’s economic outlook. According to data released by the Pakistan Bureau of Statistics (PBS), headline Consumer Price Index (CPI) inflation increased from 10.9 percent in April to 11.7 percent in May on a…
A new report by the Energy Transitions Commission has called for an accelerated transition towards renewable energy following disruptions linked to the Strait of Hormuz crisis, warning that reliance on fossil fuels continues to expose economies to major risks. According to the commission, recent instability in global energy markets has revealed the structural weaknesses of…
Global oil prices surged sharply as Brent Crude climbed above $107 per barrel following a fresh setback in peace talks between the United States and Iran. The rise reflects growing uncertainty in global energy markets driven by escalating geopolitical tensions. WTI Crude also recorded a significant increase, highlighting the broader impact on international oil benchmarks….
Global tensions between Iran and United States have sharply escalated once again, raising fears of a renewed conflict that could have far-reaching consequences for global energy markets and geopolitical stability. US President Donald Trump has warned that the current ceasefire between the two countries may collapse within days if a long-term agreement is not finalised….
