Karachi: Federal Minister for Petroleum Ali Pervaiz Malik has announced a significant increase in petroleum product prices, raising both petrol and diesel by Rs55 per liter.
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PM Shehbaz cracks whip on hoarders: Petrol pumps face sealing, legal action immediately
Islamabad, March 6, 2026: Prime Minister Shehbaz Sharif on Friday directed provincial governments to immediately seal petrol pumps, cancel licenses, and initiate legal action against those found hoarding petroleum products and creating artificial shortages.
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Pakistan reports surge in weekly inflation amid rising fuel prices
Islamabad, March 6, 2026: The Pakistan Bureau of Statistics (PBS) reported a noticeable surge in weekly inflation for the first fortnight of March 2026, primarily driven by a recent hike in fuel prices announced by the government.
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Pakistan reviews maritime trade strategy, eyes transshipment opportunities amid rising regional tensions
Islamabad, March 5, 2026 – Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Thursday chaired a high-level meeting to evaluate emerging logistical challenges facing Pakistan’s trade sector, particularly in the energy supply chain, amid rising geopolitical tensions in the region.
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PM committee moves to curb petroleum hoarding amid global energy turmoil
Islamabad, March 4, 2026 – A high-level committee formed by Prime Minister Shehbaz Sharif on Wednesday underscored the urgent need to prevent hoarding of petroleum products amid ongoing regional tensions and global energy market volatility.
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Aurangzeb pledges tight grip on petroleum supply amid rising global energy tensions
Islamabad, March 4, 2026 – As rising tensions in the Gulf region impact global energy markets, Finance Minister Senator Muhammad Aurangzeb on Tuesday assured that Pakistan is actively monitoring petroleum availability to prevent potential supply disruptions.
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Pakistan turns to Saudi Yanbu Port for oil amid Strait of Hormuz Tensions
Islamabad, March 4, 2026 – Pakistan is exploring alternative oil supply routes via Saudi Arabia’s Yanbu Port on the Red Sea, bypassing the Strait of Hormuz, amid escalating tensions in the Middle East affecting global energy flows.
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OGDCL uncovers major oil and gas find in Khyber Pakhtunkhwa, Pakistan
Karachi, March 4, 2026 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant oil and gas discovery in Pakistan’s Khyber Pakhtunkhwa (KP) province, marking a major boost for the country’s indigenous energy resources.
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Pakistan passes Virtual Assets Bill 2026, legalizes cryptocurrency nationwide
Islamabad, March 3, 2026 – In a landmark move for the country’s financial sector, Pakistan’s National Assembly on Tuesday passed the Virtual Assets Bill, 2026, officially legalizing cryptocurrencies and establishing a regulatory framework for digital assets. The legislation, introduced by Minister for Parliamentary Affairs Dr Tariq Fazal Chaudhry, had already been approved by the Senate earlier this year.
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PM Shehbaz hails digital banking boom: 127 million Pakistanis go cashless
Islamabad, March 3, 2026 – During a review meeting chaired by Prime Minister Muhammad Shehbaz Sharif on Tuesday, officials reported that the number of individuals benefiting from digital banking in Pakistan has surpassed 127 million.
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