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Rising Global Oil Prices Trigger Forex Strain in Pakistan’s Fuel Supply Chain
Pakistan faces forex pressure in oil imports as global prices surge past $130/barrel. Govt moves to ease financing amid stable fuel stocks ahead of Eid.
News Desk
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Pakistan Fully Secured on Fuel Supplies, PM Assures Amid Price Hike
Pakistan has sufficient petrol for 27 days and diesel for 21, PM Shehbaz Sharif says. Govt monitoring fuel supply, preventing hoarding, and ensuring prices remain stable amid Middle East crisis.
News Desk
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Pakistani Oil Tanker ‘Karachi’ Crosses Strait of Hormuz Amid Rising Tensions
The PNSC tanker ‘Karachi’ safely crosses the Strait of Hormuz toward Pakistan despite regional tensions, marking a risky journey through one of the world’s most strategic waterways.
News Desk
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Pakistan Has Petrol for 27 Days, Diesel for 21 Days Amid Middle East Supply Crisis
Pakistan has petrol reserves for 27 days and diesel for 21 days, Petroleum Secretary Hamed Yaqoob Sheikh told a Senate panel amid rising fuel prices and supply disruptions linked to the Middle East conflict.
News Desk
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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
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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
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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
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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
