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The government has announced petrol price relief, with Prime Minister Shehbaz Sharif linking the move to public support during tough economic conditions. He also said Pakistan has enough crude oil supplies and that officials are working to enforce notified fuel rates.
Two oil-carrying PNSC ships have arrived in Karachi under Pakistan Navy escort, offering relief amid fears of fuel disruption. The development highlights Islamabad’s push to secure maritime trade and energy supplies during regional instability.
Air Link has approved an IPO plan for its subsidiary Select Technologies and intends to seek a PSX listing after regulatory approvals. The step is aimed at unlocking value and supporting the group’s technology expansion strategy.
Agritech has announced the resumption of operations at its urea plant after RLNG supply was restored. The development is important for fertilizer output and agricultural input availability in Pakistan.
Qatar has expressed interest in increasing rice imports from Pakistan, opening the door to stronger bilateral trade. The move could support Pakistani exporters and deepen commercial ties with an important Gulf market.
The rupee closed stronger against the US dollar and most major currencies as traders responded positively to easing market nerves. Remittance expectations and lower concern over direct regional fallout helped support sentiment.
Pakistan’s government has ruled out fuel rationing, warning it could spark panic and damage the supply chain. Officials say the focus will remain on sustaining imports and keeping petroleum distribution stable.
The IMF says its talks with Pakistan on key funding facilities have made considerable progress. Discussions are continuing as both sides assess reform targets and the economic impact of regional instability.
The Pakistan Stock Exchange continued its rebound, with the KSE-100 jumping more than 2,000 points. Investors responded positively to easing oil prices, stable interest rates and expectations of policy support.
Pakistan and the IMF are nearing agreement on a lower tax collection target for the FBR as revenue pressures persist. The move is part of broader efforts to recalibrate fiscal projections under the IMF programme.
The rupee remained broadly stable against the US dollar but fell against the euro and British pound in Tuesday’s session. The move highlighted uneven performance across Pakistan’s currency market.
Industry representatives say Pakistan has sufficient ghee and edible oil stocks to meet demand for the coming two months. Incoming shipments are also expected to reinforce supply despite regional tensions.
