Article:
Chairman of the Pakistan Public Transport Owners Association has demanded the government to immediately reverse the diesel price hike. In a statement released from Lahore, he stated that the increase in diesel prices cannot be compensated by a rise in fares. The Chairman also said that the government should tell the transporters to shut down their businesses and go home, as it is becoming increasingly difficult to run their operations in such circumstances.
Consumers have complained that a kilogram of LPG is being sold at a price exceeding Rs. 200 above the government’s rate. The price of LPG has reached up to Rs. 530 per kilogram in the entire district. The PSX indices dropped to 150398 points in the last business week, a decrease of 1308 points from 100 index.
Vice Chairman of the All Pakistan Petrol Pump Association, Noman Butt, has expressed his concern over the increase in petroleum product prices. The Federal Bureau of Statistics has released a weekly report on inflation. The gold prices have increased in the markets of Pakistan. After the increase in fuel prices, there is a possibility of an increase in airline fares.
The Power Division has disclosed the details of the government’s subsidy package for power, stating that during the period of December 2025 to February 2026, industrial and agricultural sectors consumed 23% more electricity. According to the data, there was an 8% decrease in exports from July to March. The State Bank of Pakistan has made a significant decision to strengthen the financial condition of the youth.
The prices of gold in the markets of Pakistan have reversed gear. The ongoing war in the Middle East has led to a significant increase in trade costs worldwide. The British journal, The Economist, has listed the countries facing the most dire consequences of the global oil crisis caused by the war in the Middle East.
On the occasion of a high-level meeting at the Karachi Port to address the issue of old containers, Federal Minister for Maritime Affairs, Jamshed Iqbal Cheema, presided over the meeting. The war has resulted in a loss of $120 billion to the markets of the United Arab Emirates. Iran has been given 10 days to sign a deal or open the Strait of Hormuz, with 48 hours left now.
After the US and Israeli projectile attacks on Iran’s Bushehr nuclear power plant, Russia’s state-owned nuclear company has removed 198 more employees from the plant. A writer has noted that Pakistan has maintained its ties with China, US President Trump prefers Pakistan’s Field Marshal as a mediator, Indian Prime Minister Narendra Modi faces diplomatic defeat. News agency reports that Hamideh Suleymani and her daughter were arrested after their green card was revoked. Iranian Revolutionary Guards have claimed to have successfully targeted an Israeli ship using a drone.
