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Latest in Business & Finance

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Petrol pumps under a canopy at a Caltex filling station beside a road in Islamabad.Pakistan / Business & Finance

Provinces agree to share oil subsidy as government shelves smart lockdown

President Zardari and the four chief ministers agreed that provinces will share the oil subsidy burden under the NFC Award, shelving a proposed nationwide smart lockdown.

A hazy roadside filling station with a green canopy, a tall orange CNG sign and buses parked on an open concrete forecourt.Pakistan / Business & Finance

Pakistan allocates Rs125bn to hold oil prices as PM reviews fuel austerity

A 29 March 2026 fuel review chaired by Prime Minister Shehbaz Sharif allocated Rs125 billion to prevent a petrol and diesel price rise and pushed vehicle registration.

A Pakistan State Oil retail fuel station with a canopy and pumps in Hyderabad, Pakistan.Pakistan / Business & Finance

Pakistan holds petrol and diesel, raises kerosene to Rs433.40

On 28 March 2026 Pakistan raised kerosene by Rs4.66 to Rs433.40 a litre while freezing petrol and diesel, as PM Shehbaz said the state would bear Rs56bn.

The historic headquarters of the State Bank of Pakistan in Karachi, photographed at dusk.Pakistan / Business & Finance

IMF, Pakistan sign staff-level agreement unlocking $1.2bn tranche

On 28 March 2026 the IMF announced a staff-level agreement unlocking $1.2bn for Pakistan under the EFF and RSF, with tacit backing for Islamabad's fuel subsidy.

The Karachi Stock Exchange buildingPakistan / Business & Finance

KSE-100 plunges 5,405 points as war panic returns to PSX

Pakistan's benchmark KSE-100 index fell 3.41 per cent to 152,907.97 on Thursday as fading hopes of a US-Iran ceasefire and rising oil prices triggered broad selling.

A Pakistan State Oil petrol and CNG station forecourt in Hyderabad, SindhPakistan / Business & Finance

Pakistan 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.

A parked Suzuki GS-150 motorcycle on a street in Lahore, PakistanPakistan / Business & Finance

Pakistan 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.

Stacked gold bullion bars photographed against a dark backgroundPakistan / Business & Finance

Gold 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.

A Pakistan State Oil filling station with a green canopy and fuel dispensers beside a highway outside Pattoki, PunjabPakistan / Business & Finance

PM 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.

A 20-litre metal can of kerosene oil.Pakistan / Business & Finance

Pakistan 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.

A Pakistan State Oil filling station with fuel pumps and a canopy in Hyderabad, Pakistan.Pakistan / Business & Finance

Shehbaz 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.

The State Bank of Pakistan headquarters building in Islamabad.Pakistan / Business & Finance

Pakistan 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.