Sept 17 (Reuters) – Pakistan announced on Thursday a cut in fuel for official vehicles, bans on vehicle purchases by the state, foreign visits by officials, and official dinners, as part of a slew of austerity measures in a bid to conserve energy as fuel prices spike due to the Gulf conflict. ($1 = 277.0500 Pakistani rupees)
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In Dhaka, the capital of Bangladesh, Parvin Akter times her cooking to the neighbourhood’s availability of piped gas. With gas in intermittent supply as a result of a global energy crunch, she now sometimes has to wait until midnight to cook her dinner. Even switching to an induction cooker has not helped, as power outages often leave food half-cooked. More than 2,000 kilometres away in Pakistan, the government has started a fuel subsidy that went into effect on Wednesday to ease the sharp rise in fuel prices. Vehicle owners have…
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The Adviser to the Prime Minister on Privatisation, Chairman Privatisation Commission and Public Private Partnership Authority (P3A) speaking at the Leaders in Islamabad Business Summit 2026., on the theme “The Next Move- Pakistan’s Next Phase of Growth, Investment and Competitiveness”, emphasized the need for strategic shift from economic stabilisation toward generational growth, building market competitiveness through innovation, enabling the private sector and developing credible public policy framework.” Muhammad Ali highlighted recent macroeconomic gains and the stability achieved through tough decisions, and said that stability is merely a launchpad for a…
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PRESS RELEASEIslamabad: September 17, 2026 A meeting between Federal Minister for Petroleum Ali Pervaiz Malik and Khyber Pakhtunkhwa Minister for Energy and Power Nazir Ahmed Abbasi was held today to discuss strategic energy issues, oil and gas supply, security of exploration and production activities, and the energy challenges faced by the province. Secretary Energy and Power, Government of Khyber Pakhtunkhwa, was also present in the meeting. Federal Minister Ali Pervaiz Malik briefed the KP Minister on the prevailing oil supply situation and volatility in international petroleum markets. He highlighted the…
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ISLAMABAD: Pakistan is considering several options for an empty oil tanker stranded in the Red Sea near Saudi Arabia’s East-West pipeline, following the pipeline’s shutdown after recent attacks. Energy Minister Ali Pervaiz Malik said Saudi authorities have asked the vessel to remain on standby, while Pakistan evaluates whether to keep it there until the pipeline resumes operations or move it elsewhere. 🛢️ Options Under Consideration Pakistan is reportedly considering: Malik warned that prolonged disruption to crude supplies could create a diesel shortage, with the country currently holding stocks for roughly…
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