Category: Latest News

PM Shehbaz Sharif to Announce Austerity Plan Today Amid Global Fuel Crisis

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Shehbaz-Sharif

ISLAMABAD / LAHORE: Prime Minister Shehbaz Sharif is expected to unveil a national austerity plan today (Monday) to address the economic fallout from the escalating Middle East conflict that has disrupted global energy markets and pushed fuel prices higher. The move comes after the government increased petrol and high-speed diesel prices by Rs55 per litre last week — the largest hike in recent history — as Pakistan felt the first direct economic impact of the ongoing conflict involving the United States, Israel and Iran. According to the Prime Minister’s Office,…

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Three Fuel Shipments Arriving Today as Government Moves to Secure Energy Supplies

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Pakistan is expecting three petroleum shipments to arrive on Monday as the government steps up efforts to stabilize fuel supplies amid rising global oil prices and escalating tensions in the Middle East. Federal Minister for Petroleum Ali Pervaiz Malik informed a high-level briefing on Sunday that the shipments would help maintain the country’s fuel reserves during the ongoing crisis. The meeting was convened to review the energy situation and assess the impact of the widening conflict in the Middle East on global oil markets and Pakistan’s petroleum supplies. The meeting…

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Motorcycles Remain Pakistan’s Most Affordable Transport Amid Rising Fuel Prices

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Amid rising fuel prices and ongoing geopolitical tensions in the Middle East and the region, Pakistan’s motorcycle market is expected to remain resilient as consumers increasingly look for affordable transportation options. Industry stakeholders fear that the continuing conflicts in the Middle East and the Pak-Afghan region could disrupt supply chains for imported auto parts. Shipping delays, higher freight charges, war risk premiums, and increased logistics costs are already putting pressure on assemblers. Transportation costs have also surged following the increase in the price of high-speed diesel, now fixed at Rs335.86…

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Regional Comparison of Petroleum Prices After Recent Increase

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The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) expresses serious concern over the sharp increase of Rs. 55 per litre in petrol and diesel prices. This sudden hike has pushed Pakistan’s fuel prices significantly higher than most countries in the region, placing additional pressure on businesses, industries, transporters, farmers, and the general public. Regional Petrol Price ComparisonCountryPrice in Local CurrencyPrice in USD (Approx.)Pakistan PKR 321.17 $1.15India INR 94.77 $1.03SriLanka LKR 293.00 $0.94Bangladesh BDT 116.00 $0.95 Economic ConcernsAfter this increase, Pakistan now has the highest petrol prices among key…

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Government of Sindh Announces Electric Vehicle Charging Network Project

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Karachi, Dated: March 07,2026 A significant step towards strengthening a sustainable transport system, Says Syed Nasir Hussain ShahKarachi: The Government of Sindh has approved an important public-private partnership project to establish an electric vehicle (EV) charging network across the province, aimed at promoting green energy and sustainable transport. The project has been developed in collaboration with China’s ADM Group and Malik Group of Companies, with the goal of introducing advanced fast-charging infrastructure to support Pakistan’s rapidly growing electric mobility ecosystem. Under the approved project, the Government of Sindh will provide…

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