Pakistan has received its first oil shipment through the Strait of Hormuz since tensions disrupted maritime traffic in the region. The oil tanker MT Karachi successfully crossed the critical route and entered Pakistan’s maritime zone carrying a large consignment of crude oil. The vessel departed from Das Island in the UAE on February 28 and […]
The federal government has increased the prices of kerosene oil and light diesel oil (LDO) while keeping the prices of petrol and high-speed diesel unchanged. The move was announced by the Ministry of Energy’s Petroleum Division as part of the latest petroleum price adjustment. According to the official notification, the price of kerosene oil has […]
Pakistan’s weekly inflation surged this week as fuel price increases directly impacted the cost of essential goods, putting additional pressure on household budgets. Data from the Pakistan Bureau of Statistics shows that the Sensitive Price Indicator (SPI) rose 6.44% year-on-year for the week ending March 11, 2026. Weekly and Yearly Inflation Trends On a week-on-week […]
The government has imposed stricter controls on the export of furnace oil, requiring oil refineries to obtain prior approval from the Prime Minister’s Committee on the Monitoring of Petroleum Prices before any shipment can be exported. The directive was issued by the Ministry of Energy’s Petroleum Division and communicated to the Oil and Gas Regulatory […]
Pakistan’s Oil and Gas Regulatory Authority (OGRA) has rejected circulating rumours about an increase in Liquefied Petroleum Gas (LPG) prices, clarifying that no new price notification has been issued. The clarification came in an official statement released by OGRA spokesperson Imran Ghaznavi. According to the regulator, LPG prices are formally notified once every month, with […]
Court proceedings across the Rawalpindi division were severely disrupted after a newly introduced digital white-paper stamp system failed to function properly during its initial rollout. The technical breakdown prevented the issuance of stamp papers for two consecutive days, effectively halting legal processes in several courts. Lawyers reported that they were unable to file new cases, […]
Pakistan Railways cancelled 11 trains scheduled to depart from Karachi for major cities including Peshawar, Rawalpindi, Islamabad, Lahore and Multan, citing technical and operational reasons. The abrupt decision left thousands of passengers stranded at railway stations, many of whom had already arrived to begin their journeys. Travellers waited for hours at stations hoping the services […]
Global oil prices surged more than 25% on Monday, reaching levels not seen since mid‑2022 as geopolitical tensions linked to the Iran war intensified. The benchmark Brent crude futures climbed toward $119.50 per barrel, while U.S. West Texas Intermediate (WTI) crude rose to similar highs, marking one of the most significant single‑day percentage gains in […]
India became only the second team to successfully defend a T20 World Cup title and secured the Men’s T20 World Cup 2026 trophy with a commanding 96‑run victory over New Zealand in the final at the Narendra Modi Stadium in Ahmedabad on Sunday. After New Zealand’s captain Mitchell Santner elected to field first, India produced […]
Pakistan’s government is evaluating the possibility of introducing a four-day workweek with shorter working hours as part of broader energy conservation measures amid concerns over fuel supply disruptions linked to tensions in the Middle East. The proposal was discussed during a meeting of a special committee monitoring petroleum supplies, chaired by Finance Minister Muhammad Aurangzeb. […]
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