Author: Admin

Pakistan forms high-level energy committee as Strait of Hormuz closure threatens oil routes

Admin
Strait of Hormuz

ISLAMABAD: Pakistan on Monday announced it had established a high-level cabinet committee to monitor petroleum markets and ensure uninterrupted domestic fuel supplies, as escalating conflict in the Middle East and disruption around the Strait of Hormuz rattle global energy markets. The Finance Division said the newly constituted ‘Committee to Monitor Petrol Prices in the Wake of the Emerging Situation in the Region’ held its first meeting under Finance Minister Senator Muhammad Aurangzeb, undertaking a comprehensive review of fuel stocks, supply chains and pricing risks. The move comes after Iran closed…

Read More

EMPLOYERS’ FEDERATION OF PAKISTAN

Admin
LPG prices down

A CONSTITUENT OF ILO, MEMBER INTERNATIONAL ORGANIZATION OF EMPLOYERS, GENEVA MEMBER SOUTH ASIAN FORUM OF EMPLOYERS / CONFEDERATION OF ASIA PACIFIC EMPLOYERS                       2nd Floor, State Life Building No. 2, Wallace Road, Off. I.I. Chundrigar Road, Karachi-74000 Ph: +92-21-3241-1049, +92-21-3241-1551 Fax: +92-21-3243-9347 E-mail: info@efp.org.pk; Website: www.efp.org.pk Ref:  PR/2026/FDI 02 March 2026 Chinese investor questions credibility of government policies ~~ EFP Employers Federation of Pakistan has taken strong exception to the attitude of certain government officials who are bent upon creating roadblocks for foreign direct investors. In a press statement, EFP stated that…

Read More

OIL AND GAS REGULATORY AUTHORITY

Admin
oil price

Plot No. 37 & 39, Mauve Area, Service Road South, Sector G-10/4 Islamabad PRESS RELEASE Islamabad, March 02, 2026: The Oil and Gas Regulatory Authority (OGRA) has notified the maximum Price of LPG, effective March 01 2026, as under; Notified LPG Producer prices  Rs. / Ton  Rs / 11.8 kg Cylinder March-2026 ( w.e.f  01-03-2026)       184,536.99           2,177.54 February -2026       184,750.87 2,180.06 Increase / (Decrease)           (213.88)               (2.52)        Notified LPG Consumer prices  Rs. / Ton  Rs / 11.8 kg Cylinder March-2026 ( w.e.f  01-03-2026)       225,836.99 2,664.88 February -2026       226,050.87…

Read More

Pakistan Stock Market Crashes Amid Global War Fears and Rising Uncertainty

Admin
New-Project82

Karachi – The Pakistan Stock Exchange (PSX) witnessed a historic crash on Monday as escalating global tensions and fears of widening conflict triggered panic selling across the market. On the first trading day of March, the benchmark index plunged by more than 16,000 points — marking the largest single-day decline in the country’s history. During previous periods of heightened tensions, including the Pak-India standoff, the market had fallen by nearly 10,000 points, but never before had it recorded such a massive one-day drop. Market analysts had anticipated a possible downturn…

Read More

Immediate Governmental Measures to Insulate Pakistan’s Economy from Middle East Conflict Needed Atif Ikram Sheikh, President FPCCI

Admin
Atif-Ikram

Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called for the announcement of emergent measures aimed at insulating trade and industry of Pakistan to protect country’s economy and its people from the debilitating and burgeoning conflict in the Middle East. Mr. Atif Ikram Sheikh warned that ongoing geopolitical volatility – particularly the disruptions in the Red Sea and the Strait of Hormuz – poses a severe threat to Pakistan’s fragile economic recovery, energy security and export competitiveness. FPCCI Chief explained…

Read More