Business & Economy Correspondent
Mehreen Abbasi
Stories by Mehreen Abbasi
Page 19 of 23
Pakistan / Business & FinancePakistan freezes fuel prices and bans petroleum exports as oil surges
Petrol and diesel prices stayed unchanged on 13 March 2026 as Islamabad banned petroleum exports and readied a Rs389 billion emergency fund to absorb higher global oil costs.
Pakistan / Business & FinanceIMF, Pakistan talks on $7bn facility continue after staff-level agreement slips
The IMF’s 11 March end-of-mission statement said its team could not reach a staff-level agreement on Pakistan’s third EFF review despite progress, with talks to resume.
Pakistan / Business & FinancePakistan fuel depots run dry as minister rules out further price rises
Tanker drivers queued for days at depots near Lahore as Pakistan State Oil said its stocks covered more than 20 days and the minister ruled out a further price rise.
Pakistan / Business & FinanceSBP holds policy rate at 10.5pc as Middle East war clouds FY26 outlook
Pakistan's central bank held its policy rate at 10.5 per cent as the Middle East war raised oil prices and inflation risks, pausing its two-year easing cycle.
Pakistan / Business & FinanceFour fuel-laden ships reach Pakistan as war disrupts Gulf oil shipping
Four tankers carrying petrol and diesel reached Pakistan and more were due to berth, easing shortage fears as the Strait of Hormuz crisis disrupted oil imports in March 2026.
Pakistan / Business & FinancePM Shehbaz unveils austerity plan as oil shock hits Pakistan
Prime Minister Shehbaz Sharif announced a 14-point austerity and energy-conservation plan on 9 March 2026, cutting government fuel use and moving offices to a four-day week.
Pakistan / Business & FinancePakistan asks Saudi Arabia to expand oil facility and roll over $5bn
Pakistan has asked Saudi Arabia to raise its deferred-payment oil facility to $5bn and convert a $5bn State Bank deposit into a 10-year facility, Geo News reported.
Pakistan / Business & FinanceOil tops $100 a barrel as Iran war enters day 9, deepening Pakistan's energy crisis
Crude surged past $100 a barrel on 8 March 2026 as Israeli strikes hit Tehran oil depots, deepening the LNG and fuel squeeze Pakistan is already feeling from the Middle East war.
Pakistan / Business & FinancePetrol rationing and dry pumps spread across Pakistan as panic buying follows Rs55 rise
Filling stations in Islamabad, Rawalpindi and other cities ran dry or limited sales to 8–10 litres a vehicle after drivers rushed to buy fuel before the Rs55 increase took effect.
Pakistan / Business & FinancePakistan raises petrol and diesel prices by Rs55 a litre as war disrupts oil supply
The government lifted petrol and high-speed diesel by Rs55 a litre from 7 March and ordered a crackdown on hoarding as the Strait of Hormuz crisis pushed global crude higher.
Pakistan / Business & FinancePakistan plans work-from-home and distance learning to save fuel in Hormuz crisis
A cabinet committee approved in principle weekly petrol price revisions from 8 March and work-from-home and distance-learning measures as war disrupts oil shipping.
Pakistan / Business & FinancePakistan seeks Yanbu oil route and emergency fuel measures as Hormuz closure bites
Petroleum minister Ali Pervaiz Malik asks Saudi Arabia to route crude through Yanbu, while Islamabad plans weekly fuel pricing and conservation measures.