Federal Petroleum Minister Ali Pervaiz Malik has said that Pakistan’s transition to a daily petroleum pricing mechanism will improve transparency, eliminate opportunities for market manipulation, and establish a more competitive, consumer-friendly fuel pricing system. Speaking during a meeting with key stakeholders from the petroleum industry, the minister described the reform as a major step towards…
The federal government has increased the prices of petroleum products after introducing a daily fuel pricing mechanism, replacing the previous weekly review system. According to a notification issued by the Petroleum Division, the revised prices took effect from midnight on Friday and will remain in force until Monday, July 20. Under the new rates, petrol…
The Sindh government has announced the recovery of 150,000 tonnes of hoarded wheat during a province-wide crackdown, claiming the operation has helped reduce wheat prices by 13% after the recovered grain was released into the market. Addressing a press conference in Karachi, Senior Minister for Information, Transport and Mass Transit Sharjeel Inam Memon said both…
The federal government has announced a significant increase in petroleum prices, raising the cost of petrol by Rs13.18 per litre and high-speed diesel (HSD) by Rs13.80 per litre amid renewed uncertainty in global oil markets. Following the latest revision, the price of petrol has increased to Rs310.71 per litre, while high-speed diesel will now cost…
Prime Minister Shehbaz Sharif has directed all Pakistani embassies and diplomatic missions abroad to play a more proactive role in creating overseas employment opportunities for skilled Pakistani workers as part of the government’s broader strategy to boost exports of skilled manpower and increase remittances. Chairing a high-level meeting on youth employment, the prime minister said…
Pakistan’s total federal government debt reached Rs82 trillion by the end of May 2026, marking an increase of Rs5.9 trillion compared with the same period last year, according to the latest debt bulletin released by the State Bank of Pakistan (SBP). The report shows that the country’s overall federal debt grew by 7.8% year-on-year, slightly…
Protests against the imposition of new taxes intensified across Malakand Division on Sunday as traders, lawyers, political leaders, local elders, and residents staged large rallies in Swat, Lower Dir, and Bajaur, demanding the immediate withdrawal of the taxation policy. Demonstrators urged both the federal and provincial governments to reverse the decision, warning that a broader…
Pakistan and Türkiye have reaffirmed their commitment to increasing bilateral trade to $5 billion, marking a significant step toward strengthening economic cooperation and expanding their long-standing strategic partnership. The understanding was reached during high-level talks in Istanbul between Prime Minister Shehbaz Sharif and Turkish President Recep Tayyip Erdoğan, where both leaders reviewed the full spectrum…
Prime Minister Shehbaz Sharif arrived in Istanbul on an official visit to Türkiye at the invitation of President Recep Tayyip Erdogan, marking another significant step in strengthening the longstanding strategic partnership between Pakistan and Türkiye. The visit aims to expand bilateral cooperation across trade, investment, defence, regional connectivity, and other key sectors while addressing important…
per litre, providing partial relief to consumers following a decline in international oil prices. The revised fuel prices came into effect immediately and will remain applicable until July 10, 2026. According to the official notification, the ex-depot price of petrol has been reduced from Rs299.50 to Rs297.53 per litre, while the price of high-speed diesel…
