Business & Economy Correspondent
Mehreen Abbasi
Stories by Mehreen Abbasi
Page 18 of 23
Pakistan / Business & FinancePakistan cuts development budget by Rs100bn to fund fuel subsidy
The federal government has slashed the Public Sector Development Programme by 10 per cent to keep petrol and diesel prices unchanged as global oil costs surge.
Pakistan / Business & FinancePakistan finalises app-based fuel quota for motorcycles, rickshaws
The government has finalised a mobile app-based fuel quota system for two- and three-wheelers to target subsidies and cut consumption as the Gulf war squeezes oil supplies.
Pakistan / Business & FinanceGold posts record one-day fall, dragging Pakistan rates down
On 24 March 2026 gold fell $436 an ounce to $4,250 in its steepest single-day drop, cutting Pakistan's 10-gram and per-tola rates sharply.
Pakistan / Business & FinancePM Shehbaz raises high-octane fuel levy by Rs200 per litre and bans it in official vehicles
On 22 March 2026 Prime Minister Shehbaz Sharif raised the high-octane fuel levy by Rs200 per litre to Rs305.37 and banned its use in government vehicles.
Pakistan / Business & FinancePakistan raises kerosene by Rs70.73 a litre while holding petrol and diesel
OGRA raised kerosene by Rs70.73 per litre to Rs428.74 on 21 March 2026, even as the government kept petrol and diesel prices frozen for another week.
Pakistan / Business & FinanceShehbaz rejects Rs76 petrol hike on Eid eve as state absorbs Rs45bn
On 20 March 2026 Prime Minister Shehbaz Sharif rejected a proposed Rs76 petrol and Rs177 diesel increase, keeping pump prices unchanged over Eidul Fitr.
Pakistan / Business & FinancePakistan orders nationwide crackdown on money laundering and hawala-hundi
Interior and finance ministries approved a nationwide crackdown on money laundering and hawala-hundi, forming a joint SBP-FIA group to police illegal outflows.
Pakistan / Business & FinanceMiddle East tensions force cancellation of 92 flights across Pakistan
At least 92 inbound and outbound flights were cancelled at Pakistani airports as regional tensions disrupted Gulf routes, with Islamabad the worst hit.
Pakistan / Business & FinanceRooftop solar boom shields Pakistan from Hormuz oil shock, study says
A study says Pakistan's rooftop solar boom has avoided more than $12 billion in oil and gas imports since 2018, cushioning it from Strait of Hormuz disruptions.
Pakistan / Business & FinancePakistan's LNG imports to run out after 14 April, Senate panel told
A Senate petroleum panel was told LNG imports from Qatar have been suspended since 2 March and that no LNG will be available in Pakistan after 14 April.
Pakistan / Business & FinancePakistan raises kerosene by Rs40 a litre while freezing petrol and diesel prices
The government raised kerosene by Rs40 per litre to Rs358 while keeping petrol and high-speed diesel unchanged, approving Rs23bn in subsidies to oil marketers.
Pakistan / Business & FinancePM Shehbaz approves 5-30% salary cuts for state-owned enterprise staff
Prime Minister Shehbaz Sharif approved 5% to 30% salary cuts for state-owned enterprise employees as Pakistan's austerity drive responds to the war-driven fuel crisis.