Pakistan Hikes Petrol and Diesel Prices by Rs 15 as Strait of Hormuz Blockade Triggers Global Energy Crisis
The Government of Pakistan has raised fuel prices to over 414 rupees per liter following the closure of the Strait of Hormuz and mounting pressure from the IMF.
Fuel Prices Surge in Pakistan as Petrol and Diesel Cross 414 Rupee Mark
The Government of Pakistan has announced a significant hike in petrol and diesel prices effective May 9, 2026, alongside an increase in the Petroleum Development Levy.
FBR Appointed as Collection Agent for Petroleum Development and Climate Support Levies
The Federal Board of Revenue initiates new Sales Tax Rules to manage Petroleum Development Levy and Climate Support Levy collection via a standardized invoice system.
Pakistan Records First Half-Year Fiscal Surplus in FY26, Driven by Revenue Gains and Expenditure Control
Pakistan posts a Rs542bn fiscal surplus in 1HFY26, marking a major turnaround from last year’s deficit, supported by higher revenues, lower debt servicing costs, and prudent fiscal management while maintaining social and energy sector spending.