The federal government has announced a slight reduction in the prices of petrol and high-speed diesel (HSD) for the next fortnight, offering modest relief to consumers across Pakistan. According to a notification issued by the Petroleum Division, the price of high-speed diesel has been reduced by Rs0.66 per litre, bringing the new retail price down…
The federal government has announced a fresh increase in petrol and high-speed diesel (HSD) prices, with the revised fuel rates taking effect immediately across Pakistan. According to a notification issued by the Ministry of Energy, the price of petrol has been increased by Rs1.09 per litre, raising the new rate from Rs335.06 to Rs336.15 per…
Saudi Arabia has extended the tenure of its $3 billion financial facility to Pakistan, providing significant relief to the country’s external financing position and reducing immediate repayment pressure. The move is expected to strengthen Pakistan’s foreign exchange reserves and support overall economic stability. Federal Finance Minister confirmed the extension, describing it as a timely boost…
The State Bank of Pakistan (SBP) has decided to maintain its benchmark policy interest rate at 11.50% following the latest meeting of its Monetary Policy Committee (MPC), signaling a cautious approach as the central bank balances inflation risks with improving economic indicators. The decision reflects the SBP’s strategy of closely monitoring domestic inflation, global commodity…
The Economic Coordination Committee (ECC) has approved a Rs4.188 billion compensation package for employees of the Pakistan Agricultural Storage and Services Corporation (PASSCO) as part of the government’s plan to wind up the organization by December 2026. The compensation package is linked to the closure of PASSCO and the disposal of its wheat stocks. The…
The federal government has announced a fresh increase in the prices of major petroleum products, including petrol, high-speed diesel (HSD), and kerosene oil. The revised prices came into effect immediately and, according to official notifications, will remain applicable for one day. The Oil and Gas Regulatory Authority (OGRA) issued the notification confirming the latest fuel…
The government has assured the public that the supply of petroleum products will remain uninterrupted despite ongoing negotiations with the Pakistan Petrol Pump Owners Association over fuel dealers’ profit margins and pricing concerns. According to sources in the Petroleum Division, the government remains committed to maintaining a transparent and fair petroleum pricing mechanism while engaging…
Pakistan has formally requested a $10 billion foreign exchange stabilization facility from the United States to strengthen its economy, boost foreign exchange reserves, and improve long-term financial stability. According to reports, the government has submitted a proposal to US Treasury Secretary Scott Bessent seeking a five-year bilateral Exchange Stabilization Support Facility. If approved, the funding…
The federal cabinet has approved a Rs1.8 billion special allowance for senior bureaucrats despite continuing austerity measures and limiting the salary increase for most government employees to 7% in the 2026-27 federal budget. The new benefit, titled the All Pakistan Services Provincial Governments’ Cadre Posts’ Parity Allowance, will take effect from July 1, 2026. According…
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…
