Economy

Global airlines hike fares as jet fuel prices surge
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Global airlines hike fares as jet fuel prices surge

Middle East conflict disrupts air routes and pushes carriers to add fuel surcharges

International Energy Agency proposes largest ever oil release from strategic reserves
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International Energy Agency proposes largest ever oil release from strategic reserves

The release would exceed the 182 million barrels of oil that IEA member nations put on the market in 2022 when Russia launched its full-scale invasion of Ukraine

Fuel prices in Pakistan may not rise as sharply as expected after global decline
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Fuel prices in Pakistan may not rise as sharply as expected after global decline

Crude slump trims expected petrol and diesel increases by up to 40%

Pakistan’s LPG stocks adequate as shipments dock
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Pakistan’s LPG stocks adequate as shipments dock

Four shipments arrive or en route ahead of Eid as traders blame “gas mafia” for overpricing

Saudi Aramco says it can restore most oil exports via Red Sea route
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Saudi Aramco says it can restore most oil exports via Red Sea route

CEO warns prolonged U.S.-Israel-Iran conflict could have “catastrophic” global economic impact

Pakistan worker remittances jump slightly to $3.3 billion in February
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Pakistan worker remittances jump slightly to $3.3 billion in February

Cumulatively, Pakistan receives $26.5 billion in remittances from July-February FY26

Pakistan car sales grow strongly in Feb despite monthly dip
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Pakistan car sales grow strongly in Feb despite monthly dip

Passenger car sales up 42% year-on-year as market cools after seasonal surge

Pakistan sells 480 MHz internet spectrum for $507 million
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Pakistan sells 480 MHz internet spectrum for $507 million

The country's spectrum availability increases by 1.7% after the auction

G7, EU to hold calls on soaring energy prices
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G7, EU to hold calls on soaring energy prices

The EU imports more than 90% of its oil and around 80% of its gas, making European countries highly exposed to fluctuations in global oil and gas prices

Pakistan provinces move to curb fuel use amid rising petroleum prices
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Pakistan provinces move to curb fuel use amid rising petroleum prices

Work-from-home policies, school closures and vehicle fuel cuts introduced to conserve energy

Fuel price shock ripples through trade as freight rates climb across Pakistan
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Fuel price shock ripples through trade as freight rates climb across Pakistan

Higher fuel costs and conflict surcharges drive up trucking, shipping and air cargo rates

Middle East conflict could strain energy-importing emerging markets, Fitch says
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Middle East conflict could strain energy-importing emerging markets, Fitch says

Ratings agency warns higher oil prices may pressure Pakistan and others while exporters could gain windfall

Fuel tankers arrive at Port Qasim, easing Pakistan’s immediate supply concerns
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Fuel tankers arrive at Port Qasim, easing Pakistan’s immediate supply concerns

Petrol and diesel shipments expected to keep markets stable amid Middle East tensions

Pakistan oil firms seek emergency import relief over shipping crisis
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Pakistan oil firms seek emergency import relief over shipping crisis

Tanker insurance costs surge as Gulf tensions disrupt petroleum cargo bookings

SBP ready to deal with economic shocks caused by Iran conflict, says governor
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SBP ready to deal with economic shocks caused by Iran conflict, says governor

Ahmed says deferred oil payment arrangement with Saudi Arabia remains on track

Pakistan central bank keeps interest rate unchanged at 10.5%
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Pakistan central bank keeps interest rate unchanged at 10.5%

The decision was taken amid conflict in the Middle East which has skyrocketed oil prices

Higher fuel prices slow Pakistan’s oil sales growth
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Higher fuel prices slow Pakistan’s oil sales growth

February volumes fall 15% month-on-month despite strong transport and farm demand

Oil price surge may lift Pakistan inflation to double digits
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Oil price surge may lift Pakistan inflation to double digits

Chase Securities says CPI could reach 9-11% if crude climbs near $100

Third transshipment vessel docks at Karachi Port amid regional maritime disruptions
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Third transshipment vessel docks at Karachi Port amid regional maritime disruptions

Port authorities say move reflects shipping lines’ confidence as trade flows continue despite tensions

Jet fuel shock likely to send airline costs soaring in Pakistan
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Jet fuel shock likely to send airline costs soaring in Pakistan

Jet fuel climbs from PKR 189 to PKR 342 per liter amid Gulf supply disruptions