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President Asif Ali Zardari has called for stronger Pakistan-China economic and trade cooperation, with greater emphasis on business-to-business engagement and new investment opportunities. The meeting comes as Pakistani exports to China have recorded strong growth in 2026 and both countries increasingly focus on private-sector and industrial cooperation.
Petroleum dealers' margin on petrol and high-speed diesel has been increased by Rs1.34 per litre, taking it from Rs8.64 to Rs9.98. The revised margin is expected to take effect from August 22 after an earlier ECC approval helped avert a nationwide fuel-station strike.
Gold prices in Pakistan rose by Rs13,700 per tola as international bullion rates surged amid geopolitical uncertainty. Silver prices also increased, while traders and consumers face another round of volatility in precious metals.
Pakistan’s Rs32.63 per litre diesel reduction was achieved by capping the diesel crack spread after talks with local refineries. The policy offered immediate relief but raised concerns for refineries, oil marketers and dealers holding higher-cost inventories.
The government has cut high-speed diesel by Rs32.63 per litre while raising petrol by Rs2.97, with the revised prices taking effect from August 20. The decision could ease transport and agriculture costs, though petrol users will face a fresh increase.
The government has announced that diesel prices are expected to fall by around Rs30 to Rs32 per litre after successful talks with local refineries. OGRA will finalise the revised rate, while officials say the move is aimed at easing pressure on transporters, consumers and the wider economy.
Prime Minister Shehbaz Sharif has directed the petroleum minister to travel to Karachi and negotiate with local refineries for a possible reduction in diesel prices. The move follows repeated fuel price hikes and mounting pressure from transporters, consumers and protest groups.
The government has raised petrol by Rs3.34 per litre and diesel by Rs5.27 per litre for August 19, 2026. The new petrol price is Rs334.54 per litre, while diesel now stands at Rs395.69 per litre.
CPPA has sought a Rs2.52 per unit increase in electricity tariff under July’s fuel price adjustment. Nepra will hear the request on August 27, and approval could add around Rs41 billion, including GST, to consumer bills.
The federal government has raised petrol by Rs5.77 and high-speed diesel by Rs6.47 per litre under the new daily fuel pricing system. The revised rates, effective August 18, take petrol to Rs331.20 and diesel to Rs390.45 per litre.
The federal government has issued new OGRA guidelines for daily adjustment of petroleum prices. Petrol, diesel, kerosene and light diesel rates will be linked to international reference prices, while petroleum levy changes will remain subject to finance ministry approval.
Pakistan’s viral Chaiwala Arshad Khan has launched legal action in the UK over a trademark dispute with a former business partner. The case focuses on the alleged unauthorised use of his likeness and Café Chaiwala brand after the franchise relationship ended.
