Aftab Maken ISLAMABAD: Pakistan’s petroleum pump owners suspended a planned nationwide strike for two weeks after the government pledged to address their concerns over dealer margins and the newly introduced daily fuel pricing mechanism. Pakistan’s petroleum pump owners on Wednesday suspended a planned nationwide strike for two weeks after the …
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BeNewz Report WASHINGTON: Pakistan’s finance minister discussed economic reforms and stronger bilateral cooperation with the U.S. Treasury secretary as Islamabad reportedly seeks a $10 billion U.S.-backed exchange stabilization facility. Pakistan’s Finance Minister Muhammad Aurangzeb met U.S. Treasury Secretary Scott Bessent in Washington on Tuesday and discussed Pakistan’s economic reform agenda, …
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Aftab Maken ISLAMABAD: Authorities have launched an investigation of State-run-Monopoly–PSO–into suspected manipulation of nearly 300,000 metric tonnes of petroleum stocks across multiple depots, with OGRA enforcement teams conducting nationwide inspections. An investigation is underway into the suspected manipulation of nearly 300,000 metric tonnes (MT) of petroleum stocks through alleged irregular offtake …
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Aftab Maken ISLAMABAD: The International Monetary Fund (IMF) has proposed a new set of conditions for resolving Pakistan’s mounting gas sector circular debt, including formally recognizing the financial losses of the country’s two state-owned gas utilities and writing off unrecoverable receivables in their accounts. According to sources, the IMF has …
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–Afghan-Linked Cigarette Smuggling Network Poses a Serious Threat to Pakistan’s Economy and National Security BeNewz Report ISLAMABAD: A vast and highly organized network involved in the smuggling of Afghan-linked cigarette brands into Pakistan is depriving the national exchequer of billions of rupees in tax revenue every year while posing a …
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Aftab Maken ISLAMABAD: The government on Friday announced a sharp increase in the prices of petroleum products, raising the ex-depot price of High Speed Diesel (HSD) by Rs 31.05 per litre and Motor Spirit (MS), commonly known as petrol, by Rs 5.44 per litre. According to a notification issued by …
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BeNewz Report ISLAMABAD: The Federal Board of Revenue (FBR) has carried out a major reshuffle in the Inland Revenue Service (IRS), transferring and posting more than 50 senior officers from BS-19 to BS-22 in an effort to strengthen tax administration and improve operational efficiency across the country. According to a …
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–Food and Fuel Costs Hit Households Hard Aftab Maken ISLAMABAD: Pakistan’s inflationary pressures intensified further during the week ending July 16, 2026, as the Sensitive Price Indicator (SPI) rose by 1.40% over the previous week, signaling another sharp increase in the cost of living for millions of households. Data released …
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BeNewz Report ISLAMABAD: Power sector circular debt climbed to Rs 1.924 trillion by May 31, 2026, significantly overshooting the government’s target and complicating its commitments under the International Monetary Fund (IMF) programme, according to official documents. The Power Division informed the Economic Coordination Committee (ECC) that despite improvements in recoveries, …
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Aftab Maken ISLAMABAD: Pakistan LNG Limited (PLL) has invited international suppliers to submit bids for the supply of one liquefied natural gas (LNG) cargo as the government moves to strengthen fuel supplies amid rising electricity demand and growing concerns over regional energy security. According to a tender issued on Tuesday, …
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