-
-
Pakistan Bans Petroleum Exports, Holds Prices Despite Global Surge
Govt bans petroleum exports and aims to shield citizens from further price hikes, using emergency funds to absorb shocks amid soaring global oil prices.
News Desk
-
Pakistani Airlines Raise Fuel Surcharges Amid Gulf Crisis Disruptions
Fuel costs surge 34% after the Gulf war disrupts regional air routes, prompting Pakistan International Airlines and other carriers to raise surcharges: $20 on domestic and up to $100 on international flights. Around 300 flights canceled in recent days.
News Desk
-
IMF, Pakistan Fail to Reach Staff-Level Agreement as Talks Continue
The IMF says no staff-level agreement yet with Pakistan on the $7B bailout review, though “considerable progress” has been made. Talks will continue as officials assess global economic pressures and reforms.
News Desk
-
Fauji Fertilizer Joins Consortium for PIA Privatization
Pakistan’s Privatization Committee approves Fauji Fertilizer Company as an additional consortium member in the PIA privatization, subscribing to 33.99% of shares. Arif Habib Corp remains lead partner.
News Desk
-
Aurangzeb Calls for Stronger Capital Markets to Reduce Reliance on Banks
Finance Minister Muhammad Aurangzeb says Pakistan must move toward a balanced financial system where capital markets complement banks in financing the economy. Reforms to boost corporate bond markets, investor confidence and market liquidity were discussed at the CMDC meeting.
News Desk
-
Four Petrol-Laden Ships Arrive at Port Qasim After Fuel Price Hike
Four ships carrying around 250 million litres of petrol have arrived at Port Qasim following the recent fuel price hike in Pakistan. Offloading has begun as authorities work to maintain supply.
News Desk
-
KSE-100 Plunges 11,016 Points Amid Geopolitical Tensions and Fuel Crisis
Pakistan’s KSE-100 index falls 11,016 points (6.99%), dragged down by soaring oil prices and regional tensions. Trading temporarily halted after sharp losses; K-Electric, FNEL, and Bank of Punjab lead the slump.
News Desk
-
SBP Keeps Policy Rate Unchanged at 10.5% Amid Global Uncertainty
Pakistan’s central bank keeps the policy rate at 10.5% as global fuel prices surge due to the Middle East conflict. SBP warns economic uncertainty has increased despite improving macro indicators.
News Desk
