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Pakistan has kept petrol at Rs335.18 per litre and high-speed diesel at Rs383.46 per litre for July 26 and 27 because international benchmark prices are not published over weekends. A fresh review may follow when market data resumes.
The United States has imposed a 10 per cent tariff on Pakistani goods under a new trade action targeting forced-labour concerns across 60 economies. The measure takes effect on Friday and could increase costs for Pakistan's export-oriented industries.
The Pakistan Oil Tankers Association has given the government a 72-hour ultimatum, warning of a nationwide strike if its demands are not met. The association wants the commercial loading policy withdrawn and freight rates revised amid rising tolls, fuel prices and transport-sector pressure.
Petrol pump owners appear divided after their chairman announced that a nationwide shutdown would still begin from midnight despite earlier claims that the strike had been deferred. The dispute centres on dealer margins, daily fuel pricing and supply concerns from oil marketing companies.
Finance Minister Muhammad Aurangzeb has met senior IMF officials in Washington to review Pakistan’s macroeconomic performance, reform progress and financing outlook. The discussions covered IMF programme implementation, tax and energy reforms, debt management, reserves, remittances and Pakistan’s return to international capital markets.
Pakistan has raised petrol by Rs6.39 per litre and high-speed diesel by Rs7.83 per litre, with new rates effective from July 23. The increase comes amid volatile global oil prices, Persian Gulf tensions and ongoing debate over daily fuel pricing.
Petrol pump owners have deferred their nationwide strike for two weeks after fresh talks with Petroleum Minister Ali Pervaiz Malik. The government has promised to review dealer margins and the daily fuel pricing mechanism amid rising international oil market pressure.
S&P Global Ratings has upgraded Pakistan’s long-term sovereign credit rating to “B” from “B-” with a stable outlook. The agency cited stronger external buffers, IMF-backed reforms and improving institutional stability as key reasons behind the decision.
South Air has launched flight operations to Gwadar, with its first service landing at New Gwadar International Airport carrying 54 passengers. The development is expected to improve regional connectivity and support Gwadar’s long-term economic and tourism potential.
Pakistan has extended its federal austerity measures for FY2026–27 as the government moves to control public expenditure amid high fuel costs. The Ministry of Finance has directed ministries, autonomous bodies, regulators and state-owned enterprises to implement the policy strictly.
Finance Minister Muhammad Aurangzeb met U.S. Treasury Secretary Scott Bessent in Washington as Pakistan pushed for deeper economic cooperation, stronger reserves and improved market access. The talks come as Islamabad seeks wider support for stabilisation, investment and export-led growth.
The federal government has notified the 2026 Basic Pay Scales, replacing the 2022 structure for public servants. The new framework raises basic pay limits across grades, including Grade 1, Grade 16, Grade 17 and Grade 22 employees.
