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Islamabad, PK28°C • Partly Cloudy
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EconomyThe revised petrol price applies from October 17 to 19, while diesel remains at PKR 396.96 per litre. Taxes and duties continue at PKR 114 per litre on petrol and PKR 100 on diesel.
Rising food and fuel costs are squeezing vulnerable economies already burdened by debt. The IMF recommends targeted assistance and timely debt restructuring where repayments have become unsustainable.
Pakistan stocks moved higher by early afternoon on Tuesday, recovering part of Monday’s steep losses, while petrol became PKR 2.93 per litre cheaper.
Energy importers face a tougher outlook as conflict strains the global economy and financial buffers shrink. The IMF recommends temporary, targeted support to protect vulnerable households from rising living costs.
UNDP figures highlight overlapping gaps in health, education and basic services, with another 12.9 percent of Pakistanis vulnerable to poverty.
Digital systems are operational in five sectors, with installation under way in textiles and packaged beverages. FBR says stronger enforcement generated an additional Rs 1.3 trillion in taxes over three years.
Image: web
Asian stock markets traded cautiously on Monday, October 12, as investors awaited major corporate earnings and US inflation data. Oil prices fell after President Donald Trump announced a proposed energy ceasefire between Russia and Ukraine, though the agreement remains unconfirmed.
Image: web
Global oil prices fell on October 12, after Donald Trump announced a proposed Russia Ukraine energy ceasefire and additional Russian diesel supplies. But ongoing attacks in the Middle East and threats to oil shipments through the Strait of Hormuz also kept Brent crude above USD 100 per barrel.
Pakistan stocks remained under pressure by midday on Monday, while petrol and diesel prices stayed unchanged under the current government notification.
Aurangzeb expects five or six transactions this fiscal year and economic growth above four per cent. Talks continue with Washington on a proposed USD 10 billion stabilisation facility.
Conductors were stolen from 24 poles on the 33kV feeder, while three poles were damaged. Qesco plans a survey to assess the losses.
