Category: Latest News

Hormuz Crisis Raises Fears of Trade Disruptions, Soaring Freight Costs for Pakistan

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New-Project83

KARACHI: Escalating military tensions in the Middle East and the reported closure of the Strait of Hormuz have triggered alarm across global shipping markets, with companies adopting precautionary measures and imposing war-risk surcharges that could significantly impact Pakistan’s trade and energy supplies. The strategic waterway, which connects the Persian Gulf to the Gulf of Oman, handles nearly a quarter of the world’s oil shipments. Any prolonged disruption is expected to drive up crude oil and LNG prices, alongside sharply higher marine insurance premiums. Chairman of the Pakistan Ships’ Agents Association…

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OGRA Cuts LPG Price by 0.9% for March

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Monday announced a 0.9 per cent reduction in the price of liquefied petroleum gas (LPG) for March 2026, following a decline in international market rates. According to the notification, LPG has been priced at Rs225.84 per kilogram for March, down by 21 paise from Rs226.05 per kg in February. As a result, the cost of an 11.8kg domestic cylinder has been reduced by Rs2.52 to Rs2,664.88, compared to Rs2,667.40 last month. The revised prices will remain effective until March 31, 2026.…

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EMPLOYERS’ FEDERATION OF PAKISTAN

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LPG prices down

A CONSTITUENT OF ILO, MEMBER INTERNATIONAL ORGANIZATION OF EMPLOYERS, GENEVA MEMBER SOUTH ASIAN FORUM OF EMPLOYERS / CONFEDERATION OF ASIA PACIFIC EMPLOYERS                       2nd Floor, State Life Building No. 2, Wallace Road, Off. I.I. Chundrigar Road, Karachi-74000 Ph: +92-21-3241-1049, +92-21-3241-1551 Fax: +92-21-3243-9347 E-mail: info@efp.org.pk; Website: www.efp.org.pk Ref:  PR/2026/FDI 02 March 2026 Chinese investor questions credibility of government policies ~~ EFP Employers Federation of Pakistan has taken strong exception to the attitude of certain government officials who are bent upon creating roadblocks for foreign direct investors. In a press statement, EFP stated that…

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OIL AND GAS REGULATORY AUTHORITY

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oil price

Plot No. 37 & 39, Mauve Area, Service Road South, Sector G-10/4 Islamabad PRESS RELEASE Islamabad, March 02, 2026: The Oil and Gas Regulatory Authority (OGRA) has notified the maximum Price of LPG, effective March 01 2026, as under; Notified LPG Producer prices  Rs. / Ton  Rs / 11.8 kg Cylinder March-2026 ( w.e.f  01-03-2026)       184,536.99           2,177.54 February -2026       184,750.87 2,180.06 Increase / (Decrease)           (213.88)               (2.52)        Notified LPG Consumer prices  Rs. / Ton  Rs / 11.8 kg Cylinder March-2026 ( w.e.f  01-03-2026)       225,836.99 2,664.88 February -2026       226,050.87…

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Pakistan Stock Market Crashes Amid Global War Fears and Rising Uncertainty

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New-Project82

Karachi – The Pakistan Stock Exchange (PSX) witnessed a historic crash on Monday as escalating global tensions and fears of widening conflict triggered panic selling across the market. On the first trading day of March, the benchmark index plunged by more than 16,000 points — marking the largest single-day decline in the country’s history. During previous periods of heightened tensions, including the Pak-India standoff, the market had fallen by nearly 10,000 points, but never before had it recorded such a massive one-day drop. Market analysts had anticipated a possible downturn…

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