Middle East has slipped into another round of conflict and the ripple effects are already reaching Pakistan's fuel consumers. Pakistan will now revise petroleum prices every day instead of once a week, allowing the government to react to the volatile global oil prices driven by the ongoing tensions between US and Iran.

Decision is part of the government’s move to make the system of deciding fuel prices more transparent, says Malik.

Pakistan fuel price: Pakistan will now adjust petroleum prices daily to manage oil price fluctuations. The government aims for greater transparency in fuel pricing decisions. This…

Pakistan registered a current account deficit of USD 139 million in the last fiscal year. This marked a reversal from the previous year's surplus of USD 1.838 billion. Exports saw…

Middle East has slipped into another round of conflict and the ripple effects are already reaching Pakistan's fuel consumers. Pakistan will now revise petroleum prices every day…

THREE reports last Friday — a widening food trade gap, return to a current account deficit, and the government’s...