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.

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…

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…

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…

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…

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…

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…

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…

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…

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…

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,…

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…

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…

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…