Business News | PSX | News Updates from Pakistan Economy

Govt reduces petrol price by Rs3.39, high-speed diesel by Rs4.07

The government on Tuesday reduced the prices of petrol and high-speed diesel (HSD) by Rs3.39 and Rs4.07 per litre, respectively.

August 4, 2026
Published in Business

Iran's Foreign Ministry spokesman Esmaeil Baghaei

Iran says no talks are under way with United States after Trump calls off attacks

Iran said on Monday there were no talks underway with the United States and no plans for any meetings, contradicting US President Donald Trump, who had cited talks he said would take place that afternoon…

August 3, 2026
Published in Business

Petrol, diesel prices rise in latest revision

The Oil and Gas Regulatory Authority (Ogra) updates petroleum products prices on a daily basis on its website to ensure transparency and allow the immediate impact of international price fluctuations to be passed on to…

July 30, 2026
Published in Business

Oil prices surge nearly 40% this month as Gulf conflict fuels inflation fears

Oil prices surged nearly 40% this month amid escalating conflict in the Gulf, reviving inflation fears, rattling bond markets and stoking rate hike expectations globally as Asian shares sank on Friday.

July 24, 2026
Published in Business

Petrol pumps to shut nationwide for 24 hours as dealers strike over daily pricing

The Petroleum Dealers Association announced on Wednesday that petrol pumps across the country would remain closed for 24 hours starting Thursday morning at 6am until Friday 6am, in protest against the government's policy of revising…

July 22, 2026
Published in Business

EU GSP+ Report

The report presents primarily as a strong endorsement of Pakistan’s economic relevance, institutional engagement and continued progress under the EU’s GSP+ framework.

July 16, 2026
Published in Business

Oil jumps over 5% after Trump says deal with Iran 'over'

Oil prices jumped more than 5% on Wednesday, hitting a two-week high after US President Donald Trump said the ‌memorandum of understanding to end the conflict with Iran was "over", renewing fears of disruptions to…

July 8, 2026
Published in Business

Aurangzeb announces establishment of dedicated SME Finance Task Force

Finance Minister Muhammad Aurangzeb has announced the establishment of a dedicated SME Finance Task Force to expand access to finance for small and medium enterprises (SMEs).

July 7, 2026
Published in Business

Iran calls for Islamic security alliance against Israel in Turkey talks

Iran’s acting defense minister has called for the creation of a joint security mechanism among Islamic countries, stating that the presence of extra-regional forces has become a source of instability, during a telephone conversation with…

July 3, 2026
Published in Business

Oil falls for a third straight day after US-Iran talks conclude in Doha

Oil prices dropped about 1% on Thursday, down for a third consecutive day, after Qatar said Iran and the US had made progress in indirect talks focused on the Strait of ‌Hormuz, which handled one-fifth…

July 2, 2026
Published in Business

World Bank asks Pakistan to revise NFC Award formula

The World Bank (WB) has asked Pakistan to revise the National Finance Commission (NFC) Award formula, both vertically and horizontally, and adopt fiscal ‘equalisation’ for resource distribution among the provinces based on spending needs and…

July 2, 2026
Published in Business

Federal Minister for Petroleum Ali Pervaiz Malik

Minister says 'good news likely' after petrol, diesel prices held

A day after the government kept petrol and high-speed diesel (HSD) prices unchanged in its weekly review, Federal Minister for Petroleum Ali Pervaiz Malik on Saturday said "good news" was likely for consumers in the…

June 28, 2026
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President Zardari gives assent to Finance Bill 2026

President Asif Ali Zardari on Friday assented to the Finance Bill, 2026, days after the federal budget for the next fiscal year sailed through the National Assembly.

June 26, 2026
Published in Business

National Assembly approves Budget 2026-27 with revised duties

The National Assembly has approved Budget 2026-27, with the Finance Bill outlining revised duties on imported vehicles, stricter Federal Board of Revenue (FBR) compliance rules and electronic filing requirements.

June 23, 2026
Published in Business