Prime Minister Muhammad Shehbaz Sharif on Thursday directed the relevant authorities to maintain complete preparedness to counter any potential challenges arising from the prevailing uncertainty in the region and lauded the public support for the austerity and fuel-saving drive of the government. Chairing a high-level meeting to review the impact of regional tensions on the […]
ME tensions
Energy costs, ME tensions push Pakistan business sentiment into decline: survey
Pakistan’s business sentiment has slipped into decline in the first quarter of 2026, a Gallup survey showed on Thursday, as rising energy costs and heightened Middle East tensions dampened expectations for demand and investment. Pakistan’s power sector relies heavily on imported fuels, leaving it especially vulnerable to global energy shocks. Disruptions in oil and gas […]
Pakistan OMCs set for windfall gains as ME tensions drive fuel price surge
Pakistan’s oil marketing companies are set to post windfall earnings as surging global oil prices and domestic fuel hikes boost margins, a top brokerage house said in a report on Friday, even as the sector grapples with mounting government receivables and potential demand slowdown. The expected gains follow a sharp rise in global petroleum prices […]
‘ME tensions could threaten Pakistan’s crucial remittance inflows’
Rising geopolitical tensions in the Middle East could threaten Pakistan’s crucial remittance inflows, a key pillar of the country’s external finances, according to a report released on Friday by Insight Securities. Remittances have become increasingly important for Pakistan’s economy over the past two decades, now generating more foreign exchange than the country’s exports and helping […]
PM directs embassies in Gulf to assist stranded citizens amid ME tensions
Prime Minister Shehbaz Sharif on Thursday directed that the Pakistani embassies in Gulf countries must remain readily available at all times to assist Pakistani citizens amid the prevailing situation in the region. Chairing a meeting regarding the evacuation of Pakistanis from Iran and issues related to Pakistanis residing in Gulf countries, the prime minister expressed […]