Pakistan on Monday extended its nationwide austerity drive and fuel conservation measures until June 13 as uncertainty surrounding the Middle East conflict continues to pressure global oil markets. The Cabinet Division issued a formal notification after Shehbaz Sharif approved the extension on the recommendations of the implementation committee. According to the notification, the government will […]
Transport, Food and Bills Set to Rise After Petrol Increase to Rs458 in Pakistan
Fuel prices in Pakistan have surged dramatically after the government withdrew its blanket subsidy on petroleum products, pushing petrol prices up by more than Rs130 per litre to around Rs458.40, while high-speed diesel has climbed to approximately Rs520.35 per litre. The increase represents one of the steepest hikes in recent years, with petrol rising by […]
Oil, Weapons and Gold: The Industries Profiting From the Iran-US Tensions
Energy exporters, refiners and defense companies often gain when global conflicts disrupt markets. Dubai: Tankers idling near the Gulf, traders scrambling for alternative crude supplies and defense companies preparing for new military orders. History shows that wars rarely leave financial markets untouched. The latest escalation between Iran and the United States has sent shockwaves through […]