Karachi, March 11, 2026 – The State Bank of Pakistan (SBP) has temporarily allowed the import of crude oil and petroleum products on CIF (Cost, Insurance, and Freight) basis for a period of 60 days, citing uncertainty arising from the ongoing Iran war and the strategic importance of energy supplies for the country.
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PM Shehbaz announces austerity measures amid global fuel crisis
Islamabad, March 9, 2026 – Shehbaz Sharif, the Prime Minister of Pakistan, has announced strict austerity measures to cope with the global fuel crisis triggered by escalating tensions in the Middle East following attacks by the United States and Israel on Iran.
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SBP holds policy rate at 10.50% amid rising macroeconomic risks
KARACHI, March 9, 2026: The State Bank of Pakistan (SBP) on Monday announced that it will keep the benchmark key policy rate unchanged at 10.50%, citing a significant increase in risks to the country’s macroeconomic outlook amid global geopolitical uncertainties.
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Pakistan braces for economic belt-tightening amid Middle East unrest
Islamabad, March 8, 2026 — Shehbaz Sharif, Prime Minister of Pakistan, is set to unveil the government’s austerity and savings plan on Monday, aimed at stabilizing the national economy amid rising global fuel prices caused by the ongoing US-Israel-Iran conflict.
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PM Shehbaz vows steps to protect people and stabilize economy
Lahore, March 8, 2026 — Shehbaz Sharif on Sunday reaffirmed that the government will take all necessary measures to protect public interests and maintain economic stability amid growing global uncertainties.
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Three petrol ships expected in Pakistan amid rising global oil prices
Karachi, March 8, 2026 – Pakistan is set to receive three petrol shipments on Monday, March 9, 2026, officials confirmed during a high-level meeting chaired by Syed Murad Ali Shah with federal ministers on Sunday.
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PM Shehbaz orders austerity plan amid regional tensions and rising fuel prices
Islamabad – Prime Minister Shehbaz Sharif has directed the formulation of a comprehensive austerity and savings plan in response to rising global economic pressures fueled by regional tensions following the US-Israeli offensive on Iran.
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Pakistan raises petrol, diesel prices by Rs55 per liter
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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