ISLAMABAD – In a major relief for inflation-hit consumers, Prime Minister Shehbaz Sharif on Friday night announced a sharp reduction in fuel prices, slashing diesel by Rs135 per litre and petrol by Rs12 per litre, effective from April 11,
ISLAMABAD – Pakistani consumers may finally see relief at the pump as international oil prices have dropped sharply following the US-Iran ceasefire agreement and the reopening of the Strait of Hormuz.Global benchmark Brent crude fell below $100 per barrel
ISLAMABAD – In a dramatic diplomatic breakthrough, the United States and Iran have agreed to a two-week ceasefire, effective immediately, following urgent mediation efforts by Pakistan. US President Donald Trump announced the agreement on his Truth Social platform, just
In a major step to help the common man, Punjab Chief Minister Maryam Nawaz has announced a big relief package for registered motorbike owners across the province. The package, which became effective from April 4, 2026, is designed to
The last 20 days have witnessed one of the most dramatic periods in global oil market history. What began as relatively stable trading in mid-February transformed into a full-blown energy crisis following the US-Israel attack on Iran on February 28,
In response to escalating Middle East tensions following the US-Israel attack on Iran, Pakistani authorities are actively considering a shift from the current fortnightly mechanism to a weekly review system for petroleum product prices. According to sources cited by
ISLAMABAD – Saudi Arabia has formally guaranteed alternative oil supplies to Pakistan through the Red Sea port of Yanbu, bypassing the conflict-closed Strait of Hormuz following the US-Israel attack on Iran. The assurance came during a high-level meeting between Federal
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