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Pakistan’s refinery upgrade programme has advanced as five local refineries prepare investment plans worth up to $5 billion. The projects aim to improve fuel quality, reduce furnace oil production and expand refining capacity under the amended government policy.
Goods transporters have suspended their nationwide strike for 40 days after talks with Sindh Governor Nihal Hashmi and government representatives. The alliance says six of eight demands have been accepted, while committees will review fuel and toll-related issues.
Riyadh Air’s first flight from Riyadh has arrived at Islamabad International Airport, formally launching the airline’s operations to Pakistan. Officials say the move will strengthen Saudi-Pakistan connectivity, travel links and wider bilateral cooperation.
Petroleum dealers postponed their planned nationwide strike after the government approved a revision in dealer margins, reportedly raising the margin by Rs1.34 per litre to Rs10. The move has temporarily eased fears of fuel supply disruption, though dealers say other demands remain unresolved.
The federal government has increased petrol by Re0.45 and high-speed diesel by Rs1.16 per litre for August 14. Petrol now stands at Rs325.43 per litre, while diesel has been fixed at Rs383.95 under the daily pricing mechanism.
Pakistan has reduced petrol by 94 paisas per litre while increasing high-speed diesel by 54 paisas for August 13. The change comes under the government’s daily fuel price review mechanism linked to international oil market trends.
Pakistan’s federal debt has reached Rs83.6 trillion by June, rising 75 per cent in four years despite higher taxes and IMF programmes. The increase reflects heavy debt servicing, domestic borrowing and continued pressure on federal finances.
Pakistan has approved major steps to move forward with outsourcing Lahore and Karachi airports while also advancing privatisation plans for LESCO and MEPCO. The decisions are part of the government’s wider effort to improve public assets through private-sector participation.
The government has reduced petrol by Rs1.70 per litre and increased high-speed diesel by Rs1.39 per litre. Petrol will now cost Rs325.92 per litre, while diesel has been set at Rs382.25 per litre after midnight.
Pakistan Petroleum Dealers Association has warned of a nationwide petrol pump shutdown from August 15 if its five-point demands are not met within 72 hours. The association says nearly 14,000 dealers are under pressure and wants urgent action on margins, pricing and policy issues.
The federal government has appointed Muhammad Ali Malik as Deputy Governor of the State Bank of Pakistan for a five-year term. The appointment was approved by the federal cabinet and notified by the Ministry of Finance.
The government has kept petrol and diesel prices unchanged for August 11 after OGRA issued a fresh notification. Petrol remains at Rs327.62 per litre, while high-speed diesel continues at Rs380.86 per litre.
