After a steep Rs55 per litre increase in petrol and diesel prices, officials say claims that oil companies are making huge “inventory profits” are based on a misunderstanding of the country’s fuel pricing system. Pakistan’s Fuel Price Hike Sparks Debate Over Oil Company Profits Pakistan’s recent decision to sharply increase petroleum prices has triggered widespread […]
Pakistan International Airlines (PIA) has officially entered a new phase as the government completed one of the largest privatisation deals in Pakistan’s history. After a transparent and televised bidding process, the Arif Habib Corporation-led consortium emerged as the winning bidder, securing a 75% majority stake in the national flag carrier for Rs135 billion. The move […]
Islamabad, October 1, 2025 Pakistan has informed the International Monetary Fund (IMF) that the country incurred economic losses of Rs371 billion due to the recent floods. The disaster has forced the government to cut its GDP growth target for 2025-26 from 4.2% to 3.9%. At the same time, an IMF mission led by Iva Petrova […]
