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Pakistan announces four-day work week among austerity measures to offset impact of Middle East crisis
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday announced austerity measures, including a four-day work week and cuts in government expenditures, to offset the impact of rising global oil prices due to an ongoing conflict in the Middle East. Global fuel supply lines have been disrupted in the Strait of Hormuz, which supplies nearly a fourth of world oil consumption, after Tehran blocked it following United States-Israeli strikes on Iran and counterattacks against US interests in the Gulf region.
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Pakistan raises fuel prices by Rs55 per liter as Middle East conflict drives oil surge
ISLAMABAD: Pakistan on Friday increased petrol and diesel prices by Rs55 ($0.20) per liter each as escalating conflict in the Middle East sent global oil prices sharply higher and…
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Punjab warns of action against hoarders as Islamabad seals petrol stations denying fuel
ISLAMABAD: Pakistan’s Punjab province on Saturday warned of action against the ones hoarding petroleum products, while authorities in federal capital of Islamabad sealed seven…
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Pakistan PM gives 48 hours to draft fuel-saving plan as global oil prices surge
ISLAMABAD: Prime Minister Shehbaz Sharif has asked his administration to formulate a strategy for fuel conservation and austerity in government affairs within 48 hours after a…
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Pakistan mulls energy conservation measures as oil prices rise, Middle East conflict intensifies
ISLAMABAD: Pakistan’s Sindh government and the federal government discussed energy conservation measures amid a sharp rise in global oil prices on Sunday, the Sindh chief…
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Pakistan to unveil austerity plan on Monday as Middle East conflict drives oil price surge
ISLAMABAD: Pakistan is set to unveil an austerity plan tomorrow, Monday, as surging global oil prices, driven by United States and Israeli strikes on Iran, mount pressure on Prime…
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Pakistan says three oil shipments to reach country today amid Middle East crisis
ISLAMABAD: Pakistan’s Petroleum Minister Ali Pervaiz Malik said this week that three oil shipments are expected to reach Pakistan on Monday, state media reported as Islamabad…
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Pakistan says petroleum stocks at ‘comfortable levels’ despite Middle East crisis
KARACHI: Pakistan has “comfortable levels” of petroleum stocks and the supply chains are functioning smoothly, the finance ministry said on Monday, amid an ongoing Middle East…
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Pakistan announces four-day work week among austerity measures to offset impact of Middle East crisis
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday announced austerity measures, including a four-day work week and cuts in government expenditures, to offset the impact of rising…
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Pakistan’s Sindh announces schools’ closure from Mar. 16-31, new austerity measures to conserve fuel
Islamabad: The government in Pakistan’s southern Sindh province announced on Tuesday that it would close schools from Mar. 16-31 and implement new austerity measures such as…
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As Middle East war jolts oil markets, Pakistanis rethink how they live and work
ISLAMABAD: When Muhammad Ibraheem started his workday earlier this week, he didn’t head out to meet clients across Islamabad. Instead, he opened his laptop for a remote meeting,…
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From classrooms to screens: Pakistan schools go online amid Middle East war-driven oil crisis
RAWALPINDI: Some schools in Pakistan shifted to online learning this week as authorities introduced emergency fuel-saving measures after global oil prices surged due to the…
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Pakistan reviews austerity measures amid Middle East crisis, urges strict nationwide implementation
ISLAMABAD: Pakistan’s government on Wednesday assessed progress on a sweeping set of austerity measures introduced to mitigate the country’s economic strain from sharply rising…
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Pakistan cuts speed limits on motorways, highways to conserve fuel amid oil crisis
ISLAMABAD: Pakistan has reduced speed limits on motorways and national highways as part of fuel conservation measures announced by the government amid a surge in global oil…