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Govt jacks up petrol by Rs6.39, diesel by Rs7.83 per litre
Wed, 22 Jul 2026 23:16:00 +05:00

A petrol pump in the federal capital seen in this undated image. — Online/File

The Oil and Gas Regulatory Authority updates petroleum products prices on a daily basis on its website to ensure transparency and allow the immediate impact of international price fluctuations...

Petrol pump owners defer nationwide strike after negotiations with govt
Wed, 22 Jul 2026 19:38:00 +05:00

People wait for their turn to get fuel at a petrol station in Karachi, July 4, 2024. — ReutersPetroleum dealers expect commissions issue to be settled soon.Cabinet to review summary on petroleum dealers' margins.Daily fuel pricing mechanism undergoes 2-week trial period.

S&P lifts Pakistan's credit rating to 'B' on institutional stability, IMF reform progress
Wed, 22 Jul 2026 16:54:00 +05:00

The S&P Global logo is displayed on its offices in the financial district in New York City, US, December 13, 2018. — ReutersAgency says improved institutional reforms drove rating upgrade.Adds stable outlook reflects confidence in ongoing economic reforms.PM says upgrade significant...

Pakistan, Iran discuss trade, economic cooperation and connectivity
Wed, 22 Jul 2026 16:02:00 +05:00

Iranian delegation holds meeting with Minister of State for Finance and Railways Bilal Azhar Kayani. — PID

Iran's Deputy Minister of Transport Mehran Ghorbani and Deputy Minister of Interior for Economic Affairs Mehdi Dousti met Minister of State for Finance and Railways Bilal Azhar...

Petrol pumps to shut nationwide for 24 hours as dealers protest over daily pricing
Wed, 22 Jul 2026 14:41:00 +05:00

A view of a closed petrol pump due to fake news of petrol price hike again in the country. — Online/FileStrike begins Thursday 6am, ends Friday 6am nationwide.Business Forum urges dealers to reconsider strike decision. Daily pricing policy challenged in Lahore High Court.

Pakistan seeks alternative crude oil sources amid Gulf supply concerns
Wed, 22 Jul 2026 10:20:50 +05:00

A cargo ship carrying crude oil can be seen at the Karachi Port Trust in this photograph taken on June 11, 2023. — AFP Petroleum ministry briefs refineries on evolving regional risks.Refineries directed to secure alternative crude supplies.Alternative markets chosen as shipments...

Pakistan 'seeks' $10bn in US backstop facility to boost reserves
Wed, 22 Jul 2026 10:05:00 +05:00

Finance Minister Muhammad Aurangzeb meets US Treasury Secretary Scott Bessent in Washington, US, July 21, 2026. — X/@FinancegovpkPakistan seeks $10 billion in US FX stabilisation facility.Loan aimed at boosting reserves, easing rupee pressure. Request follows Pakistan's US-Iran war...

Govt selects international bank consortiums for $2bn bond drive
Wed, 22 Jul 2026 10:01:17 +05:00

A trader counts US dollar banknotes at a currency exchange booth in Peshawar, January 25, 2023. — ReutersStandard Chartered, Citibank feature across all three consortiums.MUFG Securities and Mashreq Bank join banking roster first time.PKR-denominated USD-settled bonds included for...

Oil prices rise slightly after US announces new round of strikes on Iran
Wed, 22 Jul 2026 09:12:00 +05:00

A view shows a pressure gauge near oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. — ReutersUS crude, distillate inventories increase. Oil settled at five-week high Tuesday.US strikes Iran for 11th consecutive night.

Oil prices inched higher...

Petrol pump owners announce nationwide strike after talks with govt fail
Tue, 21 Jul 2026 22:39:00 +05:00

A sign that shows the petrol dealers' reservation against the government as the petrol pump remains closed due to the strike in Karachi on July 5, 2024. — Geo.tvTalks with govt end without breakthrough, says APPPOA.PPDA to decide on strike after Wednesday executive meeting.Ogra...

FIA sets up Cryptocurrency Investigation Unit to tackle financial crimes
Tue, 21 Jul 2026 15:17:00 +05:00

Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. — Reuters DG FIA ordered establishment of specialised unit.Cyber fraud, terror financing investigations included.Team will monitor...

KP challenges extension of 7th NFC award in FCC
Tue, 21 Jul 2026 10:15:00 +05:00

Advisor to the Chief Minister for Finance and Inter-Provincial Coordination Muzammil Aslam speaks in a video message. — Screengrab via YouTube@MuzzammilsDeskTCA/FileAslam says KP never committed any share in grant to Centre.Petition argues KP's population, needs increased after Fata...

PSX rises as oil eases on US-Iran mediation hopes
Tue, 21 Jul 2026 10:05:00 +05:00

A stock broker walks past a digital board showing share prices at the Pakistan Stock Exchange in Karachi on March 10, 2026. — AFPKSE-100 Index closed at 176,133.56, up 205.83 points, or 0.12%.Index hit intraday high of 178,370.45, up 2,442.72 points, or 1.39%.Index hit a low of...

Pakistan pays record $21.88/mmBtu for seventh spot LNG cargo amid Qatar supply disruption
Tue, 21 Jul 2026 10:02:11 +05:00

A photo of a liquefied natural gas tanker. — AFP/FileOnly one bid received for latest PLL spot tender.QatarEnergy force majeure extended until at least August 2026.Pakistan has imported 12 LNG cargoes in current supply period.

ISLAMABAD: Pakistan has purchased its seventh...

Oil prices dip as mediation efforts offset US-Iran strikes
Tue, 21 Jul 2026 09:02:00 +05:00

Specialists work at a drilling rig at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 20, 2026. — ReutersYemen's Houthis threaten naval blockade of Saudi Arabia.Received mediators' proposal, says Iranian official.US, Iran exchange fresh...

Brent oil tops $90 as US, Iran expand strikes in the Middle East
Mon, 20 Jul 2026 09:26:00 +05:00

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. — Reuters Brent, WTI at over one-month high.Iran's Guards say two oil tankers 'exploded' in Strait of Hormuz.Number of ships transiting the strait stays low over the weekend.

SINGAPORE: Oil...

Govt manages to keep fiscal deficit at 1.6% of GDP in 11 months of FY26
Sun, 19 Jul 2026 12:14:00 +05:00

A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. — AFPProvincial revenue surplus reaches Rs1.31tr in first 11 months.Overall fiscal deficit falls to Rs2.03tr, or 1.6% of GDP.FY26 deficit target set at 3% of GDP, or Rs3.77tr.

Petroleum minister says daily fuel review to curb market abuse, windfall gains
Sat, 18 Jul 2026 19:40:00 +05:00

New rate list of fuel prices displayed after an increase in petroleum prices in Islamabad on January 29, 2023. — APPMinister holds meeting with petroleum sector stakeholders.New regime introduced on PM's directive: Ali Pervaiz Malik.Says regime represents shift towards...

Govt raises $16.2 billion in external financing, misses FY26 target
Sat, 18 Jul 2026 11:17:00 +05:00

A trader counts US dollar banknotes at a currency exchange booth in Peshawar, Pakistan January 25, 2023. — ReutersIMF provided $420m under climate finance facility. Saudi Arabia placed a $3bn time deposit with Pakistan. Foreign economic assistance inflow stood at...

Govt hikes petrol price by Rs5.44, diesel by Rs31.05 per litre
Fri, 17 Jul 2026 23:53:00 +05:00

Employees at a fuel station attend to their customers in Islamabad on February 16, 2022. — AFP/FilePetrol price reaches Rs316.15 per litre: Petroleum Division.High-speed diesel price climbs to Rs354.35 after fresh hike.Daily review system replaces weekly fuel price mechanism.

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