Month: May 2026

The International Monetary Fund’s Executive Board has approved a fresh $1.1 billion loan tranche for Pakistan after completing the third review of the country’s economic reform program under the Extended Fund Facility. The IMF also approved around $220 million in climate funding under the Resilience and Sustainability Facility, bringing total

The government has increased the prices of petroleum products once again, with petrol becoming dearer by Rs14.92 per litre and high-speed diesel by Rs15 per litre. According to a notification issued by the Petroleum Division, the new price of petrol has been fixed at Rs414.78 per litre, while high-speed diesel

The International Monetary Fund has projected slower economic growth and higher inflation for Pakistan, highlighting the need for continued monetary discipline, exchange rate flexibility and stronger financial-sector stability. The IMF said Pakistan’s GDP growth is expected to stand at 3.6 percent this year before easing to 3.5% next year. According

The government has increased the levy on petroleum products, adding to the cost burden on consumers and making petrol and diesel a key source of revenue collection. The levy on petrol and diesel has been increased by Rs13.91 per liter, according to the details. After the latest increase, the levy

Light diesel oil has become cheaper after the government reduced its price by Rs21.70 per liter, bringing relief for consumers using the fuel. However, jet fuel prices have increased sharply, raising concerns that airlines may pass on the higher cost to passengers through more expensive tickets. The price of light

The impact of the latest increase in petroleum product prices has started reaching the transport sector, with public and goods transporters raising fares on their own. Public transporters in Lahore have increased fares by 5%, while goods transport and mini Mazda fares have been raised by up to 10%. The

Sugar mill owners have once again become active in seeking permission to export sugar, asking the government to allow the export of one million tons. The Sugar Mills Association has submitted production and stock figures to the government, which has now started reviewing the data before making a final decision.

All Pakistan Sarafa Gems and Jewellers Association has reported a continued decline in gold prices for the second consecutive day. The latest drop has affected gold rates across different categories, including 24-carat gold per tola and 10-gram prices. In Karachi and other major cities, the price of 24-carat gold fell by

Petroleum Minister Ali Pervaiz Malik said on Saturday that the recent increase in petroleum prices was a compelled decision taken in line with commitments made to the IMF. Addressing a media briefing in Islamabad, the federal petroleum minister said the measure was necessary to secure approval of the next IMF