Pakistan’s stock market opened the week under severe pressure as investors reacted sharply to rising geopolitical tensions in the Middle East and increasing uncertainty over Pakistan’s monetary policy outlook. Consequently, the benchmark KSE-100 index plunged more than 13,000 points during early trading on Monday, signaling one of the sharpest market declines in recent months. The […]
global oil shock
Pakistan raises fuel prices sharply as Middle East war shakes oil
Pakistan’s federal government has announced a massive increase in kerosene oil prices, raising the rate by Rs130.08 per litre to Rs318.81 from the previous Rs188.73. Officials confirmed the revised price through a notification issued in Islamabad, adding that the new rate took effect immediately. The sudden jump reflects the growing pressure on energy-importing countries as […]