International Monetary Fund has urged Pakistan to maintain strong macroeconomic policies and accelerate reforms to withstand economic shocks arising from the ongoing conflict in the Middle East.
(more…)Category: Pakistan
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Pakistan Drops Petrol Bomb: Fuel Prices Soar Above Rs414 Per Litre
Pakistan has witnessed another devastating fuel price hike after the federal government sharply increased petrol and diesel prices by nearly Rs15 per litre, pushing both products above the alarming Rs414 mark for the first time.
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Pakistan rejects social media propaganda over UAE deportation claims
Islamabad, May 8, 2026 — Pakistan has strongly rejected reports circulating on social media regarding the alleged targeted deportation of Pakistani nationals from the United Arab Emirates (UAE), calling the claims misleading and part of a malicious propaganda campaign.
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High Fuel Prices Push Weekly Inflation Above 15% in Pakistan
Islamabad, May 8, 2026 – High fuel prices pushed Pakistan’s weekly inflation above 15% on a year-on-year basis, according to the latest data released by the Pakistan Bureau of Statistics on Friday.
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SBP extends CIF oil import relaxation till July 10, 2026
KARACHI, May 7, 2026 — The State Bank of Pakistan (SBP) has extended the deadline for allowing crude oil and petroleum imports on cost, insurance and freight (CIF) basis until July 10, 2026, according to a notification issued on Thursday.
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Pakistan and Iran discuss railway cooperation, regional connectivity
ISLAMABAD, May 7, 2026 — Pakistan and Iran on Thursday discussed expanding railway cooperation and strengthening regional connectivity during a meeting between Pakistan’s federal minister for railways and Iranian Ambassador Reza Amiri Moghadam.
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Shehbaz Sharif says Pakistan key force in Iran-US diplomatic engagement
ISLAMABAD, May 6, 2026 — Prime Minister Shehbaz Sharif on Wednesday said Pakistan has emerged as a key force for peace and stability in the region, crediting its diplomatic efforts for facilitating unprecedented engagement between Iran and the United States.
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US closes Peshawar consulate, moves responsibilities to Islamabad embassy
WASHINGTON/ISLAMABAD, May 6, 2026 — The United States has announced the phased closure of its Consulate General in Peshawar, citing security concerns and efforts to improve resource management, the U.S. State Department said on Tuesday.
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Pakistan, US discuss boosting trade ties in virtual meeting
ISLAMABAD, May 6, 2026 — Pakistan and the United States discussed ways to enhance bilateral trade and advance ongoing negotiations during a virtual meeting between Jam Kamal Khan and Rick Switzer, officials said on Wednesday.
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Shehbaz orders strict action against power firms, pushes renewable reforms
ISLAMABAD, May 6, 2026 – Prime Minister Shehbaz Sharif has directed strict action against power distribution companies over regulatory violations, while emphasizing accelerated reforms in Pakistan’s energy sector.
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