The federal government has decided to import one million tonnes of wheat on an urgent basis to address growing supply shortages and stabilize flour prices across the country. The decision was made after consultations between the federal government and provincial authorities, who reviewed wheat availability, market prices and consumer demand. Officials also agreed to immediately...
Global oil prices climbed to their highest levels in nearly six weeks on Wednesday as escalating tensions in the Middle East raised fresh concerns about potential disruptions to crude supplies. Brent crude futures rose above $92 per barrel, while US West Texas Intermediate (WTI) crude also advanced as investors reacted to heightened geopolitical risks and...
An anti-hoarding crackdown in Hyderabad has triggered an unexpected wheat shortage, with traders and flour mill owners reporting limited supplies despite government efforts to stabilize prices. According to market sources, wheat has largely disappeared from shops after district authorities launched raids against alleged profiteers and seized thousands of sacks from warehouses. The move initially pushed...
Global oil prices moved higher as renewed hostilities in the Middle East intensified concerns over potential disruptions to energy supplies and key shipping routes. The latest gains come amid escalating military tensions between the United States and Iran, prompting investors to closely monitor developments in one of the world’s most important oil-producing regions. Brent...
The government has announced the revised prices of petroleum products for the next 15 days. According to the Ministry of Finance, the price of petrol has been increased by Rs 2.43 per litre, while the price of high-speed diesel has been raised by Rs 3.20 per litre. The official notification stated that the new price...
As reported by Asrar Khan from Islamabad, according to sources in the petroleum industry, Pakistan’s petroleum product prices are expected to drop starting on October 16. It is anticipated that the cost of gasoline may drop by as much as Rs 6.10 per liter. It is expected that this move will provide some relief to...
Funded projects increased by 3.6 percent, exceeding the World Bank’s forecast of 2.6 percent. Meanwhile, global growth is expected to decline to 3.1 percent in 2026 and 3.2 percent in 2025. ISLAMABAD: In addition to increased inflation and a growing current account deficit, the International Monetary Fund (IMF) on Tuesday projected Pakistan’s economic growth rate...
Islamabad: Electricity prices have been increased by 8 paise per unit across the country, including Karachi, under the monthly fuel price adjustment mechanism. According to a notification issued by the National Electric Power Regulatory Authority (NEPRA), the price hike applies to electricity consumers in accordance with government policy guidelines. The additional charges will be reflected...