Pakistan Economic Outlook Faces Major Strain as Global Energy Crisis Triggers Billions in Import Costs
Pakistan’s import bill is projected to surge by up to $9 billion as Middle East tensions push global crude prices to $145 per barrel, forcing the government to evaluate digital subsidies.
Prime Minister Shehbaz Sharif Rejects Petrol Price Hike to Provide Public Relief
The federal government has decided to keep petrol and high-speed diesel prices unchanged, absorbing a financial impact of 56 billion rupees to shield consumers.
Federal Government and Provinces Negotiate 154 Billion Rupee Fuel Subsidy for Motorbikes
The Pakistan government is developing a targeted fuel subsidy for two and three-wheelers using QR codes and mobile apps to provide relief amidst rising global oil prices.
OGRA Receives 27 Billion Rupees to Settle Oil Price Differential Claims
The Oil and Gas Regulatory Authority (OGRA) receives an initial 27 billion rupee tranche from the PM’s Austerity Fund to settle price differential claims for OMCs.
Targeted Fuel Subsidy Model Could Save Pakistan 104 Billion Rupees Over Three Months
As Dubai crude hits $146, experts advocate for a targeted fuel subsidy via RAAST and NADRA to protect motorcyclists while saving the national treasury PKR 104 billion.
Prime Minister Shehbaz Sharif Maintains Fuel Prices Amid Global Energy Volatility and Middle East Tensions
Pakistan opts to freeze petroleum prices to shield the public from financial strain despite rising global crude costs and escalating geopolitical conflict in the Middle East.