Islamabad, March 1, 2026 — The Oil and Gas Regulatory Authority (OGRA) has directed all oil sector stakeholders to ensure sufficient stocks of petroleum products across Pakistan amid escalating geopolitical tensions in the Middle East following fresh military strikes involving Israel, the United States, and Iran.
(more…)Author: Mrs. Anjum Shahnawaz
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FBR faces Rs430bn tax shortfall in 8MFY26 as IMF review looms
Islamabad, March 1, 2026 — Pakistan’s Federal Board of Revenue (FBR) has recorded a massive Rs430 billion shortfall in tax collection during the first eight months (July–February) of fiscal year 2025-26 (8MFY26), raising serious concerns ahead of the ongoing review talks with the International Monetary Fund (IMF).
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Pakistan hikes petroleum prices sharply amid rising Gulf tensions
Islamabad, February 28, 2026: The government of Pakistan late Saturday night announced a significant increase in petroleum prices for the first fortnight of March 2026, citing escalating tensions in the Gulf region and the risk of a surge in international oil prices.
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Pakistan suspends flights to UAE, Bahrain, Kuwait and Qatar amid regional tensions
Islamabad, February 28, 2026 — Pakistan International Airlines (PIA) on Saturday announced the temporary suspension of its flights to the United Arab Emirates (UAE), Bahrain, Kuwait, and Qatar until Sunday evening or until the reopening of the affected regional airspaces.
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FBR Chairman, Islamabad Chamber discuss super tax, refunds and POS integration
Islamabad, February 28, 2026 – An 18-member delegation of the Islamabad Chamber of Commerce and Industry (ICCI), led by its President Sardar Tahir Mahmood, held a detailed meeting with Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial at the FBR Headquarters to discuss key taxation and business facilitation issues.
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PM Shehbaz condemns Gulf escalation, reaffirms Pakistan’s support
Islamabad, February 28, 2026 – Prime Minister Muhammad Shehbaz Sharif held separate telephone conversations with Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud of Saudi Arabia and President Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE) this evening, strongly condemning the recent regional escalation in the Gulf.
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LCCI Expresses Full Support to Pakistan Armed Forces Amid Afghan Tensions
Lahore, February 28, 2026 – The Lahore Chamber of Commerce and Industry (LCCI) on Saturday expressed unwavering solidarity with the Pakistan Armed Forces against recent incursions and aggression originating from Afghanistan.
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Islamabad braces for warm, dry day as PMD issues forecast
Islamabad, February 28, 2026: The Pakistan Meteorological Department (PMD) on Saturday issued the daytime temperature forecast for Islamabad for Sunday, March 1, 2026, predicting dry weather with temperatures ranging between 27°C and 29°C.
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Pakistan set to hike petroleum prices for early March 2026
Karachi, February 28, 2026 – Pakistan is likely to increase petroleum prices from March 1, driven by rising international fuel rates, sources reported on Friday. Petrol prices may climb by Rs4.58 per litre, while high-speed diesel (HSD) could see a rise of Rs4.73 per litre.
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NAB recovers 350 acres of prime government land in Karachi worth Rs423.5bn
Karachi, February 27, 2026 – In a major breakthrough against illegal land allotment and administrative corruption, the National Accountability Bureau (NAB) has successfully recovered 350 acres of high-value government land in Karachi, with an estimated market worth of Rs423.5 billion. The reclaimed property, located in the highly sought-after Clifton Block-I and Block-II areas, marks one of the largest land recoveries in Pakistan’s recent history.
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