ISLAMABAD: Pakistan’s combined circular debt in the power and gas sectors has surged to Rs5.1 trillion, according to disclosures made during a meeting of the National Assembly Standing Committee on Finance. Officials informed the committee that the total circular debt has significantly increased from Rs3.5 trillion recorded last year, highlighting growing financial pressures on the […]
inflation Pakistan
Goods transport fare rise 10pc after fuel price hike
Transport costs across Pakistan have increased after goods carriers announced a nationwide fare hike in response to rising fuel prices, adding further pressure on businesses and consumers already struggling with inflation. Read More: Transporters raise fares after fuel prices surge nationwide According to transport representatives, Pakistan Mini Mazda Goods Transport has raised freight charges by 10 percent […]
Pakistan raises petroleum prices above Rs400 per litre
Pakistan has announced a sharp increase in petroleum prices, pushing both petrol and high-speed diesel above Rs400 per litre for the first time, triggering concerns over inflation and rising transport costs across the country. According to an official notification issued by the government, petrol prices were increased by Rs14.92 per litre, while diesel saw an […]
Breakdown of fuel pricing reveals Rs153 per litre tax petrol and Rs116 on diesel in Pakistan
A detailed breakdown of petroleum pricing in Pakistan has revealed that a significant portion of the retail price of petrol and high-speed diesel consists of taxes, duties, and profit margins, raising renewed debate over fuel affordability for consumers. Read More: Govt raises petrol by Rs6.51 per litre, diesel prices by Rs19.39 per leter from May 1 According to […]
Finance ministry releases economic report
Finance Ministry has released its monthly economic outlook report, highlighting mixed trends across key indicators of Pakistan’s economy. The report shows improvements in revenues and reserves alongside pressure on exports and investment. Policymakers and markets are closely watching these developments for future direction. According to the report, the State Bank of Pakistan set the policy […]
Pakistan raises petrol and diesel prices amid global oil pressure
The Government of Pakistan has announced a significant increase in fuel prices, raising both petrol and diesel rates in response to ongoing volatility in international oil markets. Read More: Government Hikes Petrol and Diesel Prices by 26 Rupees According to an official notification issued by the Petroleum Division, the price of petrol has been increased by Rs26.77 per litre, […]
Petrol price hike in Pakistan: Why comparing only fuel prices is misleading
Islamabad – Pakistan has witnessed consecutive increases in petrol and diesel prices, pushing rates to historic highs. As of October 1, 2021, petrol is priced at Rs 127.30 per litre, high-speed diesel at Rs 122.04, and kerosene at Rs 99.31 per litre. Read More: Pakistan’s fuel prices increase compared to March 2022 The government, citing global crude […]
Pakistan faces economic shock risks from Hormuz disruption
A recent study by Pakistan Institute of Development Economics warns that Pakistan’s economy remains highly vulnerable to any disruption in the Strait of Hormuz, a critical global energy route. The report highlights that even minor global oil supply shocks can quickly raise fuel prices, increase inflation, and place serious pressure on the country’s external accounts, […]
Petrol price hike triggers increase in retail and transport fares
ISLAMABAD/RAWALPINDI: Retailers in Islamabad and Rawalpindi have raised prices of confectionery items and other daily-use commodities following the recent surge in petrol price, even though many shops are still selling stock purchased at earlier rates. Read More: Public transport fares surge after fuel price hike Consumers said shopkeepers immediately increased prices of commonly used items such as biscuits, noodles, […]
PPP urges relief as petrol prices rise before eid
The Sharmila Farooqui has expressed concern over the recent rise in petrol prices, urging the government to introduce immediate relief measures ahead of Eid celebrations. She stated that the timing of the increase has created worry among families already facing financial pressure due to rising inflation. In her statement, the Pakistan Peoples Party leader said […]