Business
Pakistan keeps fuel rate unchanged despite lower global oil prices
Analysts were expecting a rate cut of around PKR 6 due to lower crude oil prices
Jan 15, 2026
Jan 15, 2026
Analysts were expecting a rate cut of around PKR 6 due to lower crude oil prices
The price of crude oil has gone up internationally, raising landing cost for Pakistani costs for Pakistani companies
The sanctions mean refineries in China and India will need to seek alternative suppliers
The sharp uptrend was driven by positive global developments, particularly the de-escalation in tensions between Israel and Iran, says analyst
While U.S. stocks tripped into negative territory around the time of the Qatar attack, major indices quickly recovered
PKR also weakens against the US dollar